Adobe Inc. $ADBE Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 39.4% during the 3rd quarter, Holdings Channel reports. The fund owned 3,640 shares of the software company’s stock after selling 2,365 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Adobe were worth $873,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cyndeo Wealth Partners LLC grew its stake in Adobe by 2.8% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,559 shares of the software company’s stock worth $374,000 after purchasing an additional 43 shares in the last quarter. Meridian Management Co. increased its holdings in Adobe by 0.3% during the 1st 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 raised its position in Adobe by 28.8% in the 1st quarter. Brown Shipley& Co Ltd now owns 197 shares of the software company’s stock valued at $48,000 after purchasing an additional 44 shares in the last quarter. Pzena Investment Management LLC raised its position in Adobe by 4.0% in the 3rd quarter. Pzena Investment Management LLC now owns 1,138 shares of the software company’s stock valued at $273,000 after purchasing an additional 44 shares in the last quarter. Finally, United Bank raised its position 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 purchasing an additional 49 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ADBE shares. DA Davidson lifted their price objective on Adobe from $250.00 to $290.00 and gave the company a “buy” rating in a research note on Monday, September 14th. BMO Capital Markets upped their target price on shares of Adobe from $230.00 to $270.00 and gave the stock a “market perform” rating in a research note on Friday, September 11th. UBS Group raised their target price on shares of Adobe from $225.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, September 11th. Bank of America raised their target price on shares of Adobe from $190.00 to $220.00 and gave the company an “underperform” rating in a report on Wednesday, August 19th. Finally, Jefferies Financial Group decreased their price target on shares of Adobe from $285.00 to $275.00 and set a “hold” rating for the company in a research note on Friday, September 11th. Nine research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and eight have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $282.52.

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 50,500 shares of the firm’s 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 sale, the chief executive officer owned 238,724 shares of the company’s stock, valued at approximately $59,578,348.68. This trade represents a 17.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.20% of the company’s stock.

Adobe Stock Down 2.9%

NASDAQ:ADBE traded down $7.14 during trading hours on Friday, hitting $239.30. The company’s stock had a trading volume of 3,295,382 shares, compared to its average volume of 4,311,005. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $362.71. 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 stock has a market capitalization of $93.14 billion, a P/E ratio of 13.35, a price-to-earnings-growth ratio of 0.88 and a beta of 1.37. The stock has a fifty day moving average of $251.24 and a 200-day moving average of $249.62.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. The company had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. Adobe’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the previous year, the business earned $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. On average, equities analysts forecast that Adobe Inc. will post 20.01 earnings per share for the current year.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is bringing its CX Enterprise Coworker marketing agent to ChatGPT, Claude, Gemini, Microsoft Copilot and other platforms. The move could extend Adobe’s reach and help it compete as businesses adopt AI tools. Adobe brings CX Enterprise Coworker to major AI platforms
• Neutral Sentiment: Adobe is adjusting its strategy in response to AI-related risks. The strategic shift may help it adapt, though the articles do not establish whether it will translate into stronger growth or results. Adobe Stock: Buy or Sell?
• Negative Sentiment: Citi downgraded Adobe to Sell and set a $207 price target, citing the risk of a “hard reset” and a weaker fiscal 2027 outlook. The downgrade adds to concerns about Adobe’s growth trajectory; a related report says the stock is down 29% in 2026. Adobe Is Down 29% This Year. Time to Sell or Buy More?

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.

Through its Digital Experience business, Adobe provides tools for managing digital marketing, customer experiences, analytics and commerce.