Adobe Inc. $ADBE Stock Holdings Lessened by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 60.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,800 shares of the software company’s stock after selling 5,905 shares during the quarter. Burns Matteson Capital Management LLC’s holdings in Adobe were worth $912,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ADBE. Cyndeo Wealth Partners LLC raised its holdings in Adobe by 2.8% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,559 shares of the software company’s stock valued at $374,000 after acquiring an additional 43 shares during the period. Meridian Management Co. increased its stake in shares of Adobe by 0.3% during the first quarter. Meridian Management Co. now owns 15,241 shares of the software company’s stock worth $3,705,000 after purchasing an additional 44 shares during the period. Brown Shipley& Co Ltd increased its stake in shares of Adobe by 28.8% during the first quarter. Brown Shipley& Co Ltd now owns 197 shares of the software company’s stock worth $48,000 after purchasing an additional 44 shares during the period. United Bank grew its holdings in Adobe by 1.4% in the 1st quarter. United Bank now owns 3,658 shares of the software company’s stock valued at $889,000 after buying an additional 49 shares in the last quarter. Finally, Drystone LLC grew its holdings in Adobe by 0.5% in the 2nd quarter. Drystone LLC now owns 10,420 shares of the software company’s stock valued at $2,136,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Performance

NASDAQ:ADBE opened at $245.20 on Friday. The stock has a fifty day moving average price of $256.57 and a 200-day moving average price of $242.97. The company has a market cap of $95.43 billion, a price-to-earnings ratio of 13.68, a PEG ratio of 0.85 and a beta of 1.42. 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.

Adobe (NASDAQ:ADBE) last released 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. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same period in the prior year, the firm posted $5.31 EPS. Adobe’s quarterly revenue 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. As a group, equities analysts anticipate that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ADBE shares. JPMorgan Chase & Co. lowered their price objective on Adobe from $340.00 to $315.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. DA Davidson boosted their target price on shares of Adobe from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Monday, September 14th. Piper Sandler upped 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. Sanford C. Bernstein lowered their price target on shares of Adobe from $379.00 to $373.00 and set an “outperform” rating on the stock in a research report on Friday, September 11th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, September 11th. Nine research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $283.90.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe and NVIDIA expanded their partnership to optimize Photoshop, Premiere, Substance 3D, Frame.io and Brand Concierge. The companies say the collaboration could make AI-powered creative workflows run up to twice as fast, strengthening Adobe’s ability to monetize agentic creation and enterprise AI adoption. Adobe and NVIDIA Expand Collaboration to Speed Agentic Creation
• Positive Sentiment: Adobe’s substantial free-cash-flow generation is attracting attention. Free cash flow over the past year equaled roughly 11.1% of its market value, supporting the view that the stock may be undervalued if the company can maintain its recurring-revenue model and profitability. Should You Buy Adobe Stock For Its Cash?
• Neutral Sentiment: The NVIDIA relationship is part of a broader wave of collaborations integrating NVIDIA chips, models and software into customer workflows. This improves Adobe’s AI infrastructure and distribution potential, but investors still need evidence that these initiatives will translate into sustained revenue growth.
• Negative Sentiment: Wall Street’s bearish stance is intensifying, with analysts increasingly questioning whether cheaper AI alternatives could replace or pressure Adobe’s creative software subscriptions. Recent price targets include several levels below the stock’s recent trading range. Adobe Stock: Wall Street’s Bearish Sentiment Is Only Getting Worse
• Negative Sentiment: Reports that AI tools can produce free copies or substitutes for Adobe functionality are reinforcing “SaaSpocalypse” concerns. In addition, reported insider activity showed selling rather than buying, adding to investor caution about the stock’s outlook. AI Can Make Free Copies of Adobe Software

Insider Activity

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the sale, the chief executive officer directly owned 238,724 shares in the company, valued at $59,578,348.68. This represents a 17.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 transaction of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have 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 company insiders.

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.