Corient Private Wealth LP Buys 55,681 Shares of Adobe Inc. $ADBE

Key Points

• Corient Private Wealth increased its Adobe stake by 34.6% in the second quarter, buying 55,681 shares to own 216,574 shares valued at approximately $44.4 million. Institutional investors collectively own 81.79% of Adobe.
• Adobe exceeded quarterly expectations, reporting adjusted EPS of $6.13 versus $6.08 expected and revenue of $6.76 billion versus $6.69 billion, with revenue up 12.9% year over year. AI-first annual recurring revenue grew more than 150%, and management raised its fiscal 2026 guidance.
• Despite strong results, analysts remain divided because Adobe’s fourth-quarter revenue outlook was slightly below consensus and competition raises concerns about AI monetization. The stock carries a consensus “Hold” rating with an average price target of $281.08.

Corient Private Wealth LP lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 34.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 216,574 shares of the software company's stock after buying an additional 55,681 shares during the period. Corient Private Wealth LP owned about 0.05% of Adobe worth $44,402,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in Adobe during the 3rd quarter worth $26,000. TrustBank acquired a new position in Adobe in the 4th quarter worth about $28,000. Lloyd Advisory Services LLC. bought a new position in Adobe in the fourth quarter valued at about $31,000. Sankala Group LLC bought a new position in Adobe in the fourth quarter valued at about $31,000. Finally, Swiss RE Ltd. acquired a new stake in shares of Adobe during the fourth quarter valued at about $32,000. 81.79% of the stock is currently owned by institutional investors.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe exceeded expectations with adjusted earnings of $6.13 per share versus $6.08 expected and revenue of $6.76 billion versus $6.69 billion. Revenue increased 12.9% year over year, supported by subscription growth. ADBE Q3 Earnings Beat Estimates, Revenues Rise on Subscription Growth
• Positive Sentiment: AI-first annual recurring revenue grew more than 150% year over year, while monthly active users across Adobe’s creativity and productivity products surpassed one billion. Management also raised its fiscal 2026 earnings and revenue targets and highlighted agentic AI and freemium products as adoption drivers. Adobe Reports Record Q3 Results
• Positive Sentiment: Some analysts remain constructive: RBC reaffirmed an outperform rating with a $315 target, while BMO raised its target to $270. Supporters argue that Adobe’s profitability, cash generation and growing AI usage could eventually translate into stronger monetization.
• Neutral Sentiment: Analyst opinion remains divided. JPMorgan maintained an overweight rating but lowered its target from $340 to $315, while Citi cut its target to $250 and retained a neutral rating. The revisions reflect uncertainty over how quickly AI users will become paying customers.
• Neutral Sentiment: Investors are also awaiting strategy details from incoming CEO David Wadhwani and watching whether Adobe’s freemium approach expands its user base without weakening new annual recurring revenue growth.
• Negative Sentiment: Adobe’s fourth-quarter revenue forecast of approximately $6.8 billion to $6.85 billion came in slightly below consensus, overshadowing the quarterly beat and full-year guidance increase. The softer outlook suggests growth may be slowing despite strong AI adoption. Adobe Forecast Misses Estimates, Renewing Fears About AI Impact
• Negative Sentiment: Competition from Google, Microsoft and AI-native tools continues to pressure Adobe’s valuation and raises questions about the durability of its creative-software leadership. Bank of America reiterated a sell rating with a $220 target, citing slowing growth and uncertain AI monetization.

Analyst Ratings Changes

ADBE has been the topic of several research reports. Mizuho set a $260.00 price target on Adobe in a report on Tuesday. Stifel Nicolaus raised their price objective on shares of Adobe from $200.00 to $225.00 and gave the company a "hold" rating in a report on Wednesday. Wolfe Research downgraded shares of Adobe from an "outperform" rating to a "peer perform" rating in a research report on Friday, June 12th. Barclays boosted their target price on shares of Adobe from $250.00 to $295.00 and gave the stock an "equal weight" rating in a report on Thursday, September 3rd. Finally, Citigroup reaffirmed a "market perform" rating on shares of Adobe in a research note on Friday. Seven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $281.08.

Adobe Trading Up 1.4%

Shares of ADBE stock opened at $252.23 on Friday. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $370.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a 50 day simple moving average of $253.54 and a two-hundred day simple moving average of $245.63. The company has a market cap of $100.26 billion, a P/E ratio of 14.08, a PEG ratio of 0.88 and a beta of 1.42.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.08 by $0.05. The firm had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $6.69 billion. Adobe had a return on equity of 65.99% and a net margin of 28.05%.The company's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $5.31 EPS. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Research analysts forecast that Adobe Inc. will post 19.83 earnings per share for the current year.

Insider Buying and Selling at Adobe

In related news, Director David Ricks bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the purchase, the director directly owned 17,655 shares in the company, valued at $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the firm's stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the sale, the chief accounting officer owned 3,824 shares of the company's stock, valued at $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.20% of the stock is owned by corporate insiders.

Adobe Company Profile

Adobe Inc NASDAQ: ADBE develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe's Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.

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