SteelPeak Wealth LLC Boosts Stock Position in Adobe Inc. $ADBE

Key Points

• SteelPeak Wealth LLC increased its Adobe stake by 16.1%, adding 4,021 shares to hold 29,055 shares valued at about $10.25 million at the end of the quarter.
• Adobe beat Q3 estimates, reporting $5.50 EPS vs. $5.40 expected and $6.19B in revenue vs. $6.11B, and set Q1 2026 guidance of $5.85–5.90 EPS and FY 2026 guidance of $23.30–23.50 EPS.
• Analyst sentiment is mixed: institutional ownership is ~81.8%, the consensus rating averages to "Hold" with a mean price target of $417.93, though several firms maintain bullish ratings and some have trimmed targets.

SteelPeak Wealth LLC boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 16.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,055 shares of the software company's stock after buying an additional 4,021 shares during the period. SteelPeak Wealth LLC's holdings in Adobe were worth $10,249,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. LSV Asset Management increased its holdings in shares of Adobe by 350.0% during the second quarter. LSV Asset Management now owns 72 shares of the software company's stock valued at $28,000 after acquiring an additional 56 shares in the last quarter. Flaharty Asset Management LLC purchased a new stake in Adobe during the 1st quarter valued at about $29,000. Nexus Investment Management ULC purchased a new stake in Adobe during the 2nd quarter valued at about $31,000. Horizon Financial Services LLC increased its stake in Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company's stock valued at $32,000 after purchasing an additional 80 shares in the last quarter. Finally, 1248 Management LLC purchased a new position in Adobe in the first quarter worth about $33,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Adobe Trading Down 0.7%

NASDAQ:ADBE opened at $349.99 on Friday. The company has a market cap of $146.51 billion, a PE ratio of 20.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.52. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a 50 day simple moving average of $338.69 and a two-hundred day simple moving average of $352.14. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating the consensus estimate of $5.40 by $0.10. The firm had revenue of $6.19 billion for the quarter, compared to analysts' expectations of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company's revenue was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.81 EPS. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the company's stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the sale, the chief accounting officer owned 3,426 shares of the company's stock, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ADBE has been the topic of several analyst reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $430.00 target price on shares of Adobe in a research note on Thursday, December 11th. Wells Fargo & Company lowered their price objective on Adobe from $470.00 to $420.00 and set an "overweight" rating on the stock in a research report on Thursday, November 20th. Stifel Nicolaus cut their target price on Adobe from $480.00 to $450.00 and set a "buy" rating on the stock in a research note on Tuesday, December 9th. Weiss Ratings reissued a "hold (c-)" rating on shares of Adobe in a report on Monday. Finally, Wall Street Zen upgraded Adobe from a "hold" rating to a "buy" rating in a research note on Monday, December 22nd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Adobe currently has an average rating of "Hold" and an average price target of $417.93.

Key Stores Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bull case highlighting AI monetization, valuation gap and a $595 price target argues Adobe is underpriced and will benefit from workflow AI integration; this supports a longer-term bullish thesis for ADBE. Adobe: Mispriced, Misunderstood, And Monetizing AI
• Positive Sentiment: Long-term performance piece: a retrospective showing strong multi-decade total return for Adobe, which can support investor confidence in ADBE as a secular growth ownership story. If You Invested $100 In Adobe Stock 20 Years Ago, You Would Have This Much Today
• Neutral Sentiment: Zacks issued a FY2028 earnings projection (EPS $24.05), signaling confidence in multi‑year earnings growth even as near‑term estimates shift; longer‑term estimates can moderate panic but are further out. (No direct link provided)
• Neutral Sentiment: Regulatory bill (HUSTLE Act) mentions Adobe among companies that could see increased demand for content tools if NIL-driven creator activity expands — a small, policy‑driven upside over time. New Bill: Senator Marsha Blackburn introduces S. 3378
• Neutral Sentiment: Market commentary and watchlists (e.g., “Final Trades” video) include Adobe as a stock to monitor, keeping it on investor radar but not providing immediate catalysts. Final Trades: Adobe, Alibaba and Goldman Sachs
• Negative Sentiment: Zacks Research reduced its Q4 2026 EPS estimate for Adobe from $5.05 to $4.90 — a near‑term downward revision that can pressure sentiment and valuation multiples. (Reported via MarketBeat summary)
• Negative Sentiment: Macro headwinds: U.S. stock futures and economic headlines turned negative at the end of the year, contributing to broad market selling that hurt higher‑beta, growth‑oriented names like ADBE. U.S. Stock Futures in Red to Close an Impressive 2025

Adobe Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company's core offerings are organized around digital media and digital experience.

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