Adobe Inc. $ADBE Shares Sold by Middleton & Co. Inc. MA

Middleton & Co. Inc. MA cut its position in shares of Adobe Inc. (NASDAQ:ADBE) by 31.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,029 shares of the software company’s stock after selling 3,677 shares during the quarter. Middleton & Co. Inc. MA’s holdings in Adobe were worth $1,926,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. lifted 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 during the period. Dunhill Financial LLC bought a new stake in shares of Adobe during the second quarter valued at approximately $95,000. North Point Portfolio Managers Corp OH bought a new stake in shares of Adobe during the third quarter valued at approximately $30,000. Bullock Wealth Management Group raised its stake in shares of Adobe by 468.2% in the third 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 in the last quarter. Finally, Security National Bank of Sioux City Iowa IA acquired a new position in shares of Adobe in the second quarter valued at $27,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on ADBE shares. Stifel Nicolaus raised their target price on Adobe from $200.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, September 9th. Wall Street Zen lowered shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Robert W. Baird increased their price objective on shares of Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $315.00 price objective on shares of Adobe in a report on Friday, September 11th. Finally, DA Davidson lifted their target price on shares of Adobe from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Monday, September 14th. Nine equities research 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $283.90.

Adobe Price Performance

Adobe stock opened at $263.82 on Friday. The business has a 50 day simple moving average of $255.83 and a 200 day simple moving average of $243.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market capitalization of $102.68 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 0.92 and a beta of 1.42. Adobe Inc. has a one year low of $190.12 and a one year high of $363.70.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating analysts’ consensus estimates of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.69 billion. During the same period in the prior year, the business posted $5.31 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. 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, sell-side analysts forecast that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 50,500 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $249.57, for a total value of $12,603,285.00. Following the sale, the chief executive officer owned 238,724 shares in the company, valued at approximately $59,578,348.68. The trade was a 17.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 125,416 shares of company stock worth $31,454,466 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe continues to benefit from high margins, substantial free cash flow, a large user base and recurring-revenue growth. Supporters argue that the stock’s relatively low valuation and continued annual recurring revenue buildup create potential for a turnaround. Adobe: Deep Value Amid Continued ARR Buildup
• Positive Sentiment: Recent AI-related partnerships, including an expanded relationship with NVIDIA and a new deal making Adobe the official AI fan-experience partner of BWT Alpine Formula One, reinforce the company’s effort to demonstrate practical uses for its AI tools and expand its brand reach. Adobe and BWT Alpine Formula One Team Partner
• Positive Sentiment: Adobe recently exceeded analysts’ quarterly EPS and revenue estimates, while management maintained fiscal 2026 earnings guidance. Those results provide fundamental support even as the share price has lagged broader technology benchmarks.
• Neutral Sentiment: Wall Street is divided: some analysts see substantial upside if Adobe converts its AI investments into monetized growth, while others remain cautious. Articles comparing Adobe with Salesforce, CrowdStrike and Arista Networks highlight that the stock’s appeal depends on an investor’s preference for valuation and profitability versus faster growth. Adobe Stock Has Been Under Pressure
• Negative Sentiment: The principal overhang is AI disruption risk. Investors remain concerned that competing tools from companies such as Anthropic and Google could reduce demand for Adobe’s traditional applications or pressure pricing through “app-less” creative workflows. Adobe: Strong Fundamentals, But AI Remains the Key Risk
• Negative Sentiment: The stock’s decline despite repeated earnings outperformance signals that investors want clearer evidence of accelerating growth and successful AI monetization before assigning Adobe a higher multiple.

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.