SteelPeak Wealth LLC Grows Position in Adobe Inc. $ADBE

SteelPeak Wealth LLC raised its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 16.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 29,055 shares of the software company’s stock after purchasing an additional 4,021 shares during the period. SteelPeak Wealth LLC’s holdings in Adobe were worth $10,249,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. LSV Asset Management grew its stake in shares of Adobe by 350.0% during the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after acquiring an additional 56 shares during the period. Flaharty Asset Management LLC purchased a new position in Adobe during the first quarter valued at approximately $29,000. Nexus Investment Management ULC purchased a new position in Adobe during the second quarter valued at approximately $31,000. Horizon Financial Services LLC boosted its position in shares of Adobe by 4,000.0% in the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after purchasing an additional 80 shares during the period. Finally, 1248 Management LLC purchased a new stake in shares of Adobe in the first quarter worth $33,000. Institutional investors own 81.79% of the company’s stock.

Adobe News Summary

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 Trading Down 0.7%

Shares of ADBE stock opened at $349.99 on Friday. 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 stock has a market capitalization of $146.51 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.38 and a beta of 1.52. Adobe Inc. has a 12-month low of $311.58 and a 12-month high of $465.70. The stock’s 50-day moving average price is $338.69 and its 200-day moving average price is $352.14.

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ADBE shares. UBS Group set a $487.00 target price on shares of Adobe in a research note on Sunday, December 14th. JMP Securities reissued a “market perform” rating on shares of Adobe in a report on Friday, September 12th. TD Cowen dropped their price objective on Adobe from $420.00 to $400.00 and set a “hold” rating for the company in a research note on Thursday, December 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Adobe in a research report on Monday. Finally, Morgan Stanley decreased their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, Adobe currently has a consensus rating of “Hold” and a consensus target price of $417.93.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the sale, the chief accounting officer owned 3,426 shares in the company, valued at approximately $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

About Adobe

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.