Norris Perne & French LLP MI Sells 13,493 Shares of Adobe Inc. $ADBE

Norris Perne & French LLP MI trimmed its holdings in Adobe Inc. (NASDAQ:ADBE) by 84.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,576 shares of the software company’s stock after selling 13,493 shares during the quarter. Norris Perne & French LLP MI’s holdings in Adobe were worth $618,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in Adobe in the 2nd quarter valued at approximately $8,437,821,000. Johnson Financial Group Inc. bought a new stake in shares of Adobe in the 2nd quarter worth approximately $2,289,000. Biondo Investment Advisors LLC acquired a new stake in shares of Adobe during the 2nd quarter worth approximately $2,647,000. Summit Global Investments acquired a new stake in shares of Adobe during the 2nd quarter worth approximately $1,401,000. Finally, Tejara Capital Ltd bought a new stake in shares of Adobe during the second quarter valued at approximately $3,461,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Trading Down 2.5%

ADBE stock opened at $263.82 on Friday. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $363.70. The firm has a market cap of $102.68 billion, a P/E ratio of 14.72, a P/E/G ratio of 0.92 and a beta of 1.42. The business’s 50 day moving average is $255.83 and its 200-day moving average is $243.54. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41.

Adobe (NASDAQ:ADBE) last issued its 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 business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. 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 posted $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. Equities analysts anticipate that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on ADBE shares. Robert W. Baird upped their target price on Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. Bank of America lifted their price target on shares of Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 19th. DA Davidson lifted their price target on shares of Adobe from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. CLSA started coverage on shares of Adobe in a report on Monday, July 20th. They issued an “outperform” rating and a $300.00 price target on the stock. Finally, BTIG Research restated a “neutral” 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 assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $283.90.

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 74,500 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $251.56, for a total value of $18,741,220.00. Following the sale, the chief executive officer owned 289,224 shares of the company’s stock, valued at approximately $72,757,189.44. This represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction dated 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 directly owned 3,824 shares in the company, valued at approximately $1,010,797.92. The trade was 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 quarter. Corporate insiders own 0.20% of the company’s stock.

Adobe News Summary

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.

About Adobe

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.