Adobe Inc. $ADBE Stock: Frank Rimerman Advisors LLC Grows Stake

Frank Rimerman Advisors LLC increased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 64.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,661 shares of the software company’s stock after acquiring an additional 2,611 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Adobe were worth $1,598,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Cyndeo Wealth Partners LLC raised its holdings 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 during the last quarter. Meridian Management Co. boosted its stake in shares of Adobe by 0.3% in the 1st quarter. Meridian Management Co. now owns 15,241 shares of the software company’s stock valued at $3,705,000 after purchasing an additional 44 shares during the last quarter. Brown Shipley& Co Ltd boosted its stake in shares of 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 during the last quarter. United Bank grew its position in shares of Adobe by 1.4% during the 1st quarter. United Bank now owns 3,658 shares of the software company’s stock worth $889,000 after buying an additional 49 shares during the period. Finally, Drystone LLC grew its position in shares of Adobe by 0.5% during the 2nd quarter. Drystone LLC now owns 10,420 shares of the software company’s stock worth $2,136,000 after buying an additional 50 shares during the period. Institutional investors own 81.79% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe and NVIDIA expanded their partnership to optimize Photoshop, Premiere, Substance 3D, Frame.io and Brand Concierge. The companies say the collaboration could make AI-powered creative workflows run up to twice as fast, strengthening Adobe’s ability to monetize agentic creation and enterprise AI adoption. Adobe and NVIDIA Expand Collaboration to Speed Agentic Creation
• Positive Sentiment: Adobe’s substantial free-cash-flow generation is attracting attention. Free cash flow over the past year equaled roughly 11.1% of its market value, supporting the view that the stock may be undervalued if the company can maintain its recurring-revenue model and profitability. Should You Buy Adobe Stock For Its Cash?
• Neutral Sentiment: The NVIDIA relationship is part of a broader wave of collaborations integrating NVIDIA chips, models and software into customer workflows. This improves Adobe’s AI infrastructure and distribution potential, but investors still need evidence that these initiatives will translate into sustained revenue growth.
• Negative Sentiment: Wall Street’s bearish stance is intensifying, with analysts increasingly questioning whether cheaper AI alternatives could replace or pressure Adobe’s creative software subscriptions. Recent price targets include several levels below the stock’s recent trading range. Adobe Stock: Wall Street’s Bearish Sentiment Is Only Getting Worse
• Negative Sentiment: Reports that AI tools can produce free copies or substitutes for Adobe functionality are reinforcing “SaaSpocalypse” concerns. In addition, reported insider activity showed selling rather than buying, adding to investor caution about the stock’s outlook. AI Can Make Free Copies of Adobe Software

Adobe Trading Down 2.6%

NASDAQ ADBE opened at $245.20 on Friday. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $363.70. The stock has a 50-day simple moving average of $256.57 and a 200 day simple moving average of $242.97. 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 company has a market capitalization of $95.43 billion, a PE ratio of 13.68, a P/E/G ratio of 0.85 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last issued its 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 firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business 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 forecast that Adobe Inc. will post 20.01 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on ADBE shares. Phillip Securities downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating and dropped their price target for the stock from $368.00 to $203.00 in a research note on Monday, June 29th. Oppenheimer restated a “market perform” rating on shares of Adobe in a report on Tuesday, September 8th. Barclays raised their price objective on shares of Adobe from $250.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. reduced their price objective on shares of Adobe from $340.00 to $315.00 and set an “overweight” rating on the stock in a research note on Friday, September 11th. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Adobe in a report on Friday, September 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $283.90.

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 416 shares of the stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer directly owned 3,824 shares in the company, valued at $1,010,797.92. This trade represents a 9.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Shantanu Narayen sold 50,500 shares of Adobe 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 transaction, the chief executive officer directly owned 238,724 shares in the company, valued at $59,578,348.68. The trade was a 17.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 125,416 shares of company stock worth $31,454,466 over the last quarter. 0.20% of the stock is currently owned by corporate insiders.

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.