Adobe Inc. $ADBE Stock Bought by Elevated Private Wealth LLC

Elevated Private Wealth LLC boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 42.7% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,459 shares of the software company’s stock after purchasing an additional 3,427 shares during the period. Adobe comprises approximately 1.8% of Elevated Private Wealth LLC’s holdings, making the stock its 11th largest position. Elevated Private Wealth LLC’s holdings in Adobe were worth $2,750,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ADBE. BlackRock Inc. bought a new stake in shares of Adobe in the 2nd quarter valued at approximately $8,437,821,000. Arrowstreet Capital Limited Partnership increased its holdings in Adobe by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock worth $1,651,066,000 after buying an additional 563,772 shares during the last quarter. Amundi increased its holdings in Adobe by 11.0% in the second quarter. Amundi now owns 5,242,464 shares of the software company’s stock worth $1,074,810,000 after buying an additional 518,362 shares during the last quarter. Primecap Management Co. CA bought a new position in Adobe during the second quarter valued at approximately $1,071,668,000. Finally, Invesco Ltd. raised its position in Adobe by 6.2% during the fourth quarter. Invesco Ltd. now owns 5,119,025 shares of the software company’s stock valued at $1,791,607,000 after acquiring an additional 297,337 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Transactions at Adobe

In other news, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $249.57, for a total value of $12,603,285.00. Following the transaction, the chief executive officer directly owned 238,724 shares in the company, valued at approximately $59,578,348.68. The trade was a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This represents a 9.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 125,416 shares of company stock valued at $31,454,466 over the last 90 days. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on ADBE. BTIG Research reissued a “neutral” rating on shares of Adobe in a research report on Friday, September 11th. Royal Bank Of Canada restated an “outperform” rating and set a $315.00 price target on shares of Adobe in a report on Friday, September 11th. Piper Sandler upped their price objective on shares of Adobe from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, September 11th. Jefferies Financial Group decreased their price objective on shares of Adobe from $285.00 to $275.00 and set a “hold” rating for the company in a report on Friday, September 11th. Finally, Bank of America increased their target price on shares of Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 19th. Nine equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat, Adobe has a consensus rating of “Hold” and a consensus price target of $283.90.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Investors may be giving greater weight to Adobe’s latest results, which exceeded consensus estimates for revenue and earnings, alongside fiscal 2026 guidance calling for approximately $26.5 billion-$26.6 billion in revenue and non-GAAP EPS of roughly $24.35-$24.45. Adobe Gains as Investors Appear to Reassess Recent Selloff
• Positive Sentiment: An expanded partnership with Heathrow Airport involving agentic AI and customer-experience tools provides evidence that Adobe’s AI products are attracting large enterprise customers, supporting the case that Firefly and GenStudio can contribute to future growth. Adobe Gains as Investors Appear to Reassess Recent Selloff
• Positive Sentiment: Adobe’s high margins, strong cash-flow generation, double-digit revenue growth, and comparatively lower valuation may be encouraging dip-buying after the stock’s recent weakness. Capitalizing on Adobe’s High-Margin Platform and Free Cash Flow Generation

Adobe Stock Performance

Shares of Adobe stock traded up $9.16 on Thursday, reaching $249.84. The stock had a trading volume of 3,165,303 shares, compared to its average volume of 5,701,667. The business’s 50-day moving average price is $257.14 and its two-hundred day moving average price is $242.83. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $363.70. The stock has a market cap of $97.24 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.08 by $0.05. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. Adobe’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, sell-side analysts forecast that Adobe Inc. will post 20.01 EPS for the current year.

About Adobe

Adobe Inc (NASDAQ: ADBE) is a global software company that develops tools for creating, managing, delivering and analyzing digital content. Its products serve creative professionals, marketers, enterprises, students and individual consumers across a broad range of industries and geographies.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, Premiere Pro, InDesign and Adobe Express for graphic design, photography, video, illustration and digital content creation.