Adobe Inc. $ADBE Stock Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 89.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 3,974 shares of the software company’s stock after selling 35,213 shares during the quarter. WASHINGTON TRUST Co’s holdings in Adobe were worth $954,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Investment Research & Advisory Group Inc. lifted its stake in shares of Adobe by 185.7% in the third quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock worth $25,000 after buying an additional 65 shares in the last quarter. Dunhill Financial LLC acquired a new position in Adobe during the second quarter worth about $95,000. North Point Portfolio Managers Corp OH purchased a new stake in Adobe during the 3rd quarter valued at about $30,000. Bullock Wealth Management Group grew its stake in Adobe by 468.2% during the 3rd quarter. Bullock Wealth Management Group now owns 125 shares of the software company’s stock valued at $30,000 after acquiring an additional 103 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA acquired a new stake in Adobe in the 2nd quarter valued at about $27,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The shares were 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 in the company, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Shantanu Narayen sold 74,500 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total transaction of $18,741,220.00. Following the transaction, the chief executive officer directly owned 289,224 shares of the company’s stock, valued at $72,757,189.44. The trade was a 20.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 125,416 shares of company stock worth $31,454,466 over the last quarter. 0.20% of the stock is currently owned by insiders.

Adobe Trading Down 2.5%

ADBE stock traded down $6.73 during trading on Friday, reaching $263.82. 3,128,994 shares of the stock were exchanged, compared to its average volume of 4,335,550. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $255.83 and a 200-day moving average price of $243.54. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $363.70. The firm has a market capitalization of $102.68 billion, a price-to-earnings ratio of 14.72, a P/E/G ratio of 0.94 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating the consensus estimate of $6.08 by $0.05. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.69 billion. During the same quarter in the prior year, the company posted $5.31 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. 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, research analysts predict that Adobe Inc. will post 20.01 earnings per share for the current year.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe continues to benefit from high margins, substantial free cash flow, a large user base and recurring-revenue growth. Supporters argue that the stock’s relatively low valuation and continued annual recurring revenue buildup create potential for a turnaround. Adobe: Deep Value Amid Continued ARR Buildup
• Positive Sentiment: Recent AI-related partnerships, including an expanded relationship with NVIDIA and a new deal making Adobe the official AI fan-experience partner of BWT Alpine Formula One, reinforce the company’s effort to demonstrate practical uses for its AI tools and expand its brand reach. Adobe and BWT Alpine Formula One Team Partner
• Positive Sentiment: Adobe recently exceeded analysts’ quarterly EPS and revenue estimates, while management maintained fiscal 2026 earnings guidance. Those results provide fundamental support even as the share price has lagged broader technology benchmarks.
• Neutral Sentiment: Wall Street is divided: some analysts see substantial upside if Adobe converts its AI investments into monetized growth, while others remain cautious. Articles comparing Adobe with Salesforce, CrowdStrike and Arista Networks highlight that the stock’s appeal depends on an investor’s preference for valuation and profitability versus faster growth. Adobe Stock Has Been Under Pressure
• Negative Sentiment: The principal overhang is AI disruption risk. Investors remain concerned that competing tools from companies such as Anthropic and Google could reduce demand for Adobe’s traditional applications or pressure pricing through “app-less” creative workflows. Adobe: Strong Fundamentals, But AI Remains the Key Risk
• Negative Sentiment: The stock’s decline despite repeated earnings outperformance signals that investors want clearer evidence of accelerating growth and successful AI monetization before assigning Adobe a higher multiple.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADBE. Jefferies Financial Group decreased their target price on shares of Adobe from $285.00 to $275.00 and set a “hold” rating on the stock in a research note on Friday, September 11th. Wells Fargo & Company lowered Adobe from an “overweight” rating to an “underweight” rating and dropped their price target for the company from $270.00 to $225.00 in a research report on Monday, October 12th. Bank of America increased their price target on Adobe from $190.00 to $220.00 and gave the company an “underperform” rating in a report on Wednesday, August 19th. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, October 10th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Adobe in a research note on Friday, September 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $283.90.

Adobe Profile

Adobe Inc is a global software company that develops digital tools for creative professionals, businesses, marketers, and individual users. Its products help customers create, edit, publish, manage, and measure digital content across websites, mobile applications, documents, and other media.

The company’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro, and Acrobat. Adobe also offers Document Cloud, which provides tools for creating, editing, sharing, signing, and managing digital documents, and Experience Cloud, a suite of solutions for digital marketing, analytics, commerce, customer journeys, and content management.