4,926 Adobe Inc. $ADBE Shares Sold by Parallel Advisors LLC

Parallel Advisors LLC decreased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 30.7% during the third quarter, HoldingsChannel reports. The firm owned 11,145 shares of the software company’s stock after selling 4,926 shares during the period. Parallel Advisors LLC’s holdings in Adobe were worth $2,674,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Investment Research & Advisory Group Inc. raised its position in shares of Adobe by 185.7% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock worth $25,000 after acquiring an additional 65 shares in the last quarter. Dunhill Financial LLC bought a new stake in shares of Adobe in the 2nd quarter valued at about $95,000. Latitude Advisors LLC purchased a new position in shares of Adobe in the 3rd quarter worth approximately $29,000. North Point Portfolio Managers Corp OH bought a new position in shares of Adobe during the 3rd quarter worth approximately $30,000. Finally, Bullock Wealth Management Group raised its stake in shares of Adobe by 468.2% during the 3rd quarter. Bullock Wealth Management Group now owns 125 shares of the software company’s stock worth $30,000 after acquiring an additional 103 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

More 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?

Insider Buying and Selling at Adobe

In related news, CEO Shantanu Narayen sold 74,500 shares of the company’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 approximately $72,757,189.44. This represents a 20.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citizens Jmp reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, September 11th. BMO Capital Markets increased their price target on Adobe from $230.00 to $270.00 and gave the company a “market perform” rating in a research note on Friday, September 11th. CLSA assumed coverage on shares of Adobe in a research report on Monday, July 20th. They issued an “outperform” rating and a $300.00 price objective for the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Adobe in a research report on Friday, September 11th. Finally, Stifel Nicolaus boosted their price target on Adobe from $200.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, September 9th. Nine investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have given a Sell rating to the company. According to MarketBeat, Adobe currently has an average rating of “Hold” and an average target price of $282.52.

Adobe Stock Performance

Shares of NASDAQ:ADBE opened at $239.30 on Monday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $362.71. The business has a 50 day moving average of $251.24 and a two-hundred day moving average of $249.62. The company has a market capitalization of $93.14 billion, a PE ratio of 13.35, a PEG 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 for the quarter, beating the consensus estimate 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 firm earned $5.31 EPS. The business’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, analysts forecast that Adobe Inc. will post 20.01 EPS for the current year.

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.