International Assets Investment Management LLC Sells 7,069 Shares of Adobe Inc. $ADBE

International Assets Investment Management LLC lowered its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 76.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,181 shares of the software company’s stock after selling 7,069 shares during the quarter. International Assets Investment Management LLC’s holdings in Adobe were worth $526,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ADBE. Heritage Family Offices LLP acquired a new stake in shares of Adobe during the third quarter worth $201,000. Waldron Private Wealth LLC purchased a new stake in shares of Adobe during the third quarter valued at $349,000. Calamos Advisors LLC increased its position in shares of Adobe by 2.1% in the 3rd quarter. Calamos Advisors LLC now owns 74,737 shares of the software company’s stock valued at $17,932,000 after acquiring an additional 1,512 shares during the period. Alta Advisers Ltd increased its position in shares of Adobe by 82.3% in the 3rd quarter. Alta Advisers Ltd now owns 2,913 shares of the software company’s stock valued at $699,000 after acquiring an additional 1,315 shares during the period. Finally, Syverson Strege & Co acquired a new position in shares of Adobe in the 3rd quarter valued at $235,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: At Adobe MAX, the company introduced AI-agent features across Creative Cloud and Firefly to automate creative workflows. These tools could strengthen Adobe’s products and support customer retention and monetization. Adobe Creative Cloud agentic workflow announcement
• Positive Sentiment: Adobe and Google expanded their partnership, bringing Adobe tools into Google Workspace and Google AI models into more Adobe apps—potentially widening distribution and making workflows more integrated. Adobe and Google partnership announcement
• Positive Sentiment: Disney selected Adobe to develop custom AI models for media operations, adding a high-profile enterprise relationship that could demonstrate demand for Adobe’s AI offerings. Reuters report on Disney and Adobe
• Negative Sentiment: The Google tie-up also arrives as Gemini expands across Adobe apps, raising questions about how Adobe will differentiate and capture value as outside AI models become more available in its software. Report on Gemini in Adobe apps
• Negative Sentiment: Investors may also remain cautious after Citi warned that Adobe’s fiscal 2027 growth estimates could be too high, a concern that new product announcements have yet to resolve. Coverage of Citi’s Adobe downgrade

Adobe Trading Down 0.3%

Shares of Adobe stock opened at $236.70 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a fifty day moving average price of $249.04 and a 200 day moving average price of $249.02. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $362.71. The stock has a market cap of $92.12 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

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

Analyst Ratings Changes

A number of analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on Adobe from $340.00 to $315.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. The Goldman Sachs Group increased their price objective on Adobe from $190.00 to $200.00 and gave the company a “sell” rating in a report on Monday, September 14th. Jefferies Financial Group reduced their price objective on Adobe from $285.00 to $275.00 and set a “hold” rating for the company in a research note on Friday, September 11th. Finally, Barclays lifted their target price on Adobe from $250.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday, September 3rd. Nine equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $282.52.

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 74,500 shares of the business’s stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total value of $18,741,220.00. Following the completion of the transaction, the chief executive officer 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. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

Adobe Profile

Adobe Inc. develops software and services for creating, managing and delivering digital content. Its products serve creative professionals, businesses, marketers and individual users around the world. Adobe’s Digital Media offerings include Creative Cloud applications such as Photoshop, Illustrator, Premiere Pro and InDesign, along with Acrobat tools for creating, editing and signing PDF documents. The company also provides generative AI capabilities through Adobe Firefly and related features in its creative products.