CHICAGO TRUST Co NA Buys New Shares in Adobe Inc. $ADBE

CHICAGO TRUST Co NA bought a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 3,129 shares of the software company’s stock, valued at approximately $751,000.

Other hedge funds have also made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Adobe by 35.4% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 359,612 shares of the software company’s stock worth $86,285,000 after buying an additional 94,091 shares during the last quarter. Soltis Investment Advisors LLC raised its holdings in shares of Adobe by 129.4% during the third quarter. Soltis Investment Advisors LLC now owns 3,707 shares of the software company’s stock worth $889,000 after purchasing an additional 2,091 shares during the period. United Asset Strategies Inc. raised its holdings in shares of Adobe by 20.7% during the third quarter. United Asset Strategies Inc. now owns 7,935 shares of the software company’s stock worth $1,904,000 after purchasing an additional 1,359 shares during the period. Choreo LLC lifted its position in shares of Adobe by 16.7% in the 3rd quarter. Choreo LLC now owns 7,755 shares of the software company’s stock worth $1,861,000 after buying an additional 1,109 shares during the last quarter. Finally, Interchange Capital Partners LLC boosted its holdings in shares of Adobe by 6.0% in the 3rd quarter. Interchange Capital Partners LLC now owns 1,353 shares of the software company’s stock valued at $325,000 after buying an additional 76 shares during the period. 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: Adobe’s partnership with Alpine aims to use AI to enhance fan engagement by 2027, providing a potential new commercial application for Adobe’s AI capabilities. The announcement appears to be supporting investor sentiment. Adobe stock gains as Alpine AI partnership targets 2027 fan engagement
• Positive Sentiment: Analyst commentary favors Adobe over Pegasystems, citing stronger revenue growth, expanding AI monetization and a lower valuation. Adobe’s established creative and document-software franchises also continue to support roughly 30% net margins. ADBE vs. PEGA: Which Enterprise Software Stock Has an Edge?
• Positive Sentiment: Adobe recently exceeded quarterly EPS and revenue expectations, while management’s full-year guidance indicates continued earnings growth. Its comparatively low valuation may attract value-oriented investors after the prolonged selloff.
• Neutral Sentiment: Adobe is scheduled to report its next quarterly results, with analysts expecting double-digit year-over-year EPS growth. The report could become the next major catalyst, particularly for evidence that AI adoption is translating into revenue. What to Expect From Adobe’s Next Quarterly Earnings Report
• Neutral Sentiment: Adobe joined other companies challenging the trading of tokenized versions of their shares on the OKX-ICE platform, arguing that unregulated products could weaken shareholder protections. The move is mainly a corporate-governance matter rather than a direct earnings catalyst. Adobe joins companies challenging tokenized stock trading
• Negative Sentiment: Adobe remains down substantially for the year as investors worry that generative-AI competitors could pressure its core creative-software business and challenge future growth. The market is therefore likely to demand tangible AI monetization in upcoming results. Adobe drops 29% year to date

Adobe Stock Up 0.9%

ADBE stock opened at $250.23 on Friday. The stock has a market cap of $97.39 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. The firm’s 50-day simple moving average is $254.37 and its 200 day simple moving average is $250.98. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $362.71. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41.

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 firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same period in the previous year, the business posted $5.31 EPS. Adobe’s 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, sell-side analysts predict that Adobe Inc. will post 20.01 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ADBE. Wells Fargo & Company downgraded shares of Adobe from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $270.00 to $225.00 in a research report on Monday, October 12th. Oppenheimer reissued a “market perform” rating on shares of Adobe in a report on Tuesday, September 8th. BTIG Research restated a “neutral” rating on shares of Adobe in a research note on Friday, September 11th. Weiss Ratings raised Adobe from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, September 1st. Finally, The Goldman Sachs Group increased their price target on Adobe from $190.00 to $200.00 and gave the stock a “sell” rating in a research report on Monday, September 14th. Nine research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $283.90.

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 50,500 shares of the business’s stock in a transaction that occurred on 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 directly owned 238,724 shares in the company, valued at approximately $59,578,348.68. The trade was a 17.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

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.