Adobe Inc. $ADBE Shares Bought by Quintet Private Bank Europe S.A.

Quintet Private Bank Europe S.A. lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 87.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 14,497 shares of the software company’s stock after purchasing an additional 6,756 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Adobe were worth $3,478,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ADBE. Veery Capital LLC purchased a new stake in shares of Adobe in the 3rd quarter valued at approximately $238,000. Elevation Wealth Partners LLC lifted its holdings in Adobe by 189.1% in the third quarter. Elevation Wealth Partners LLC now owns 266 shares of the software company’s stock valued at $64,000 after acquiring an additional 174 shares during the last quarter. Canandaigua National Bank & Trust Co. grew its position in Adobe by 3.2% in the third quarter. Canandaigua National Bank & Trust Co. now owns 5,402 shares of the software company’s stock worth $1,296,000 after acquiring an additional 169 shares during the period. North Point Portfolio Managers Corp OH purchased a new position in Adobe in the third quarter worth approximately $30,000. Finally, Crumly & Associates Inc. increased its stake in Adobe by 6.9% during the third quarter. Crumly & Associates Inc. now owns 2,372 shares of the software company’s stock worth $569,000 after acquiring an additional 153 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADBE. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research note on Tuesday, September 8th. BTIG Research restated a “neutral” rating on shares of Adobe in a report on Friday, September 11th. Sanford C. Bernstein lowered their target price on shares of Adobe from $447.00 to $379.00 and set an “outperform” rating for the company in a research note on Friday, June 12th. UBS Group lifted their price target on shares of Adobe from $225.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. Finally, Piper Sandler boosted their price target on shares of Adobe from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. Seven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $282.68.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s stock is showing relative strength, with technical momentum and potential support near recent lows helping attract buyers even as the broader market declines. What’s Going On With Adobe Stock Thursday?
• Positive Sentiment: Adobe’s partnership with the National Hockey League makes it the league’s official creative, marketing and AI partner, giving its Creative Cloud, customer-experience tools and Firefly products exposure to a global audience of more than 200 million fans. The deal adds a potential marketing and customer-acquisition catalyst while the stock remains significantly below its prior highs. Adobe Joins The NHL, Is The Stock Cheap Following The Deal?
• Positive Sentiment: Analysts highlighting Adobe’s cash generation, high margins and double-digit revenue growth argue that the company’s valuation may already reflect substantial AI-related concerns. The bullish case is that Adobe can benefit from AI adoption rather than lose market share to it. Adobe: AI Doesn’t Have To Lose For The Stock To Win
• Neutral Sentiment: The U.S. Labor Department suspended Adobe from the Permanent Labor Certification program, alongside Microsoft and several consulting firms, as the administration investigates alleged fraud. The action could complicate hiring and permanent-residency processes for skilled foreign workers, although the reports do not provide details of any Adobe-specific wrongdoing. U.S. suspends Microsoft, Adobe from green-card labor program
• Negative Sentiment: Investors remain concerned that growth is slowing, that some recent gains may reflect acquired revenue, and that Adobe’s AI competition could pressure its core franchises. The upcoming CEO transition, with Anil Chakravarthy taking over from Shantanu Narayen on December 1, adds another execution risk. Adobe shares slide as investors digest softer growth concerns
• Negative Sentiment: Recent insider activity has been entirely selling, including substantial sales by Narayen, while more institutions reduced positions than added them in the latest quarter. Those signals may reinforce investor caution despite Adobe’s solid earnings and raised outlook.

Adobe Stock Up 1.5%

ADBE traded up $3.52 during trading hours on Thursday, hitting $236.29. 1,883,057 shares of the company’s stock were exchanged, compared to its average volume of 5,731,779. The firm has a market cap of $91.97 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 0.83 and a beta of 1.42. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $363.70. 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 firm has a 50 day moving average of $258.50 and a 200 day moving average of $242.93.

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

Insider Activity

In other Adobe news, CAO Jillian Forusz sold 416 shares of the 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 sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This trade represents a 9.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Shantanu Narayen sold 50,500 shares of the business’s 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 of the company’s stock, valued at approximately $59,578,348.68. This represents a 17.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 125,416 shares of company stock worth $31,454,466. 0.20% of the stock is owned by company insiders.

Adobe Profile

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.