Curated Wealth Partners LLC Sells 276,686 Shares of Adobe Inc. $ADBE

Curated Wealth Partners LLC lowered its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 98.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,010 shares of the software company’s stock after selling 276,686 shares during the period. Curated Wealth Partners LLC’s holdings in Adobe were worth $722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mather Group LLC. boosted its stake in shares of Adobe by 5.0% in the 3rd quarter. Mather Group LLC. now owns 11,455 shares of the software company’s stock worth $2,749,000 after buying an additional 548 shares during the last quarter. Tempus Wealth Planning LLC raised its position in Adobe by 33.7% in the third quarter. Tempus Wealth Planning LLC now owns 1,614 shares of the software company’s stock worth $387,000 after acquiring an additional 407 shares during the period. Sanders Morris Harris LLC purchased a new position in Adobe in the third quarter valued at about $841,000. Lodestone Wealth Management LLC grew its holdings in Adobe by 1,044.4% during the third quarter. Lodestone Wealth Management LLC now owns 309 shares of the software company’s stock valued at $74,000 after purchasing an additional 282 shares during the period. Finally, First Citizens Bank & Trust Co. grew its holdings in Adobe by 217.1% during the third quarter. First Citizens Bank & Trust Co. now owns 7,823 shares of the software company’s stock valued at $1,877,000 after purchasing an additional 5,356 shares during the period. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 416 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the transaction, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the completion of the transaction, the chief executive officer owned 238,724 shares of the company’s stock, valued at approximately $59,578,348.68. The trade was a 17.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 125,416 shares of company stock valued at $31,454,466 in the last ninety days. 0.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on ADBE shares. Jefferies Financial Group lowered their price objective on Adobe from $285.00 to $275.00 and set a “hold” rating on the stock in a research note on Friday, September 11th. DA Davidson raised their target price on Adobe from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. Robert W. Baird increased their price target on shares of Adobe from $230.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, September 11th. JPMorgan Chase & Co. lowered their target price on shares of Adobe from $340.00 to $315.00 and set an “overweight” rating on the stock in a research note on Friday, September 11th. Finally, The Goldman Sachs Group increased their price objective on Adobe from $190.00 to $200.00 and gave the stock a “sell” rating in a research report on Monday, September 14th. Nine analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $283.90.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Expanded NVIDIA partnership supports AI growth narrative. Adobe and NVIDIA will optimize Photoshop, Premiere, Substance 3D, Frame.io and Brand Concierge to accelerate AI-powered creation, production and personalization. The collaboration strengthens Adobe’s positioning in “agentic” creative tools and may improve product performance and enterprise adoption. Adobe and NVIDIA Expand Collaboration to Speed Agentic Creation
• Positive Sentiment: Relief buying followed recent weakness. Investors may be placing greater weight on Adobe’s solid operating results, raised fiscal 2026 outlook and recent AI-related customer wins than on this week’s analyst downgrades. The company recently reported revenue growth and earnings above consensus, with full-year revenue projected at approximately $26.5 billion to $26.6 billion and non-GAAP EPS of about $24.35 to $24.45. Adobe Gains as Investors Appear to Reassess Recent Selloff
• Neutral Sentiment: Market conditions provided an additional tailwind. Adobe was among several software-as-a-service stocks that rebounded as falling Treasury yields brought buyers back after an AI-driven technology selloff. This factor may support the stock near term but is not specific to Adobe’s fundamentals. Adobe, HubSpot, Workday, Asana, and Workiva Shares Are Soaring
• Negative Sentiment: AI disruption concerns remain an overhang. HSBC downgraded Adobe from Buy to Hold, citing risks that generative AI tools and lower-cost or free alternatives could pressure Adobe’s competitive position and long-term growth. Reports highlighting free Adobe alternatives add to those concerns. HSBC Downgrades Adobe Stock Over Growing AI Software Disruption Risks
• Negative Sentiment: Insider selling may temper sentiment. Reported insider activity showed no purchases and multiple sales over the past six months, including sales by CEO Shantanu Narayen. While such transactions do not necessarily indicate deteriorating fundamentals, they can reinforce investor caution.

Adobe Stock Up 4.6%

ADBE opened at $251.67 on Friday. 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 business’s 50-day moving average price is $256.97 and its 200-day moving average price is $242.95. The company has a market cap of $97.95 billion, a P/E ratio of 14.04, a P/E/G ratio of 0.84 and a beta of 1.42.

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 the consensus estimate of $6.08 by $0.05. The firm had revenue of $6.76 billion for 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 business’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business earned $5.31 earnings per share. 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, equities analysts expect 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.