3,936 Adobe Inc. $ADBE Shares Sold by Roberts Wealth Advisors LLC

Roberts Wealth Advisors LLC trimmed its position in shares of Adobe Inc. (NASDAQ:ADBE) by 80.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 961 shares of the software company’s stock after selling 3,936 shares during the period. Roberts Wealth Advisors LLC’s holdings in Adobe were worth $231,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Security National Bank of Sioux City Iowa IA acquired a new position in Adobe during the 2nd quarter worth approximately $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Adobe in the 2nd quarter valued at approximately $28,000. North Point Portfolio Managers Corp OH purchased a new stake in shares of Adobe in the 3rd quarter valued at approximately $30,000. Bullock Wealth Management Group increased its position in shares of Adobe by 468.2% in the 3rd quarter. Bullock Wealth Management Group now owns 125 shares of the software company’s stock valued at $30,000 after purchasing an additional 103 shares during the last quarter. Finally, Sankala Group LLC acquired a new stake in shares of Adobe in the 4th quarter valued at $31,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Adobe

In related news, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction on 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 trade represents a 17.46% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the sale, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This trade represents 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 a total of 125,416 shares of company stock worth $31,454,466 over the last quarter. 0.20% of the stock is owned by company insiders.

Adobe Stock Performance

Shares of ADBE opened at $236.28 on Wednesday. The company has a market capitalization of $91.96 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of 0.83 and a beta of 1.42. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $363.70. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average price of $257.51 and a 200 day moving average price of $242.84.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. The company had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $5.31 earnings per share. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Research analysts predict that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. BTIG Research reaffirmed a “neutral” rating on shares of Adobe in a research report on Friday, September 11th. UBS Group boosted their target price on shares of Adobe from $225.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Morgan Stanley reissued an “underweight” rating on shares of Adobe in a report on Friday, September 11th. Piper Sandler raised their price target on Adobe from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. Finally, CLSA assumed coverage on Adobe in a research note on Monday, July 20th. They issued an “outperform” rating and a $300.00 price target on the stock. Nine investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat.com, Adobe currently has a consensus rating of “Hold” and a consensus price target of $283.90.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe continues to receive bullish attention because it trades at a historically low earnings multiple despite record fiscal third-quarter revenue, raised guidance, more than 1 billion monthly active users, and triple-digit growth in AI-related revenue. Adobe Trades Under 10 Times Earnings
• Positive Sentiment: Adobe’s appearance in Semrush’s 2026 AI Visibility Index suggests its products and brand remain prominent across AI search platforms, potentially supporting future customer acquisition and monetization. Adobe AI Search Visibility
• Positive Sentiment: An expanded partnership with Heathrow Airport is extending Adobe’s AI agents into travel and customer-experience workflows, broadening the company’s addressable market beyond traditional creative software. Adobe Heathrow AI Partnership
• Neutral Sentiment: Reviews of free AI-coded Adobe alternatives found significant limitations, including weaker capabilities and workflow problems. However, the availability of these products reinforces concerns that improving AI tools could pressure Adobe’s subscription franchise over time. Open-Source Adobe Alternative Review
• Negative Sentiment: HSBC downgraded Adobe to Hold, citing competition from ArtCraft and other open-source creative tools. Wells Fargo previously issued a more severe Underweight rating and lowered its price target to $225, citing weakening organic growth, reduced pricing power, executive instability, and difficulty monetizing AI. Analyst Downgrades Adobe
• Negative Sentiment: Analysts and technology commentators say Adobe’s free-user strategy is showing cracks because the company did not use pricing changes to capture more value, while consumers increasingly dislike paying for Creative Cloud. The CEO handoff adds to execution uncertainty. Adobe Free-User Strategy Concerns

About Adobe

Adobe Inc (NASDAQ: ADBE) is a global software company that develops tools for creating, managing, delivering and analyzing digital content. Its products serve creative professionals, marketers, enterprises, students and individual consumers across a broad range of industries and geographies.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, Premiere Pro, InDesign and Adobe Express for graphic design, photography, video, illustration and digital content creation.