2,843 Shares of Adobe Inc. $ADBE Acquired by Lakewood Asset Management LLC

Lakewood Asset Management LLC purchased a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,843 shares of the software company’s stock, valued at approximately $682,000.

A number of other large investors have also recently modified their holdings of ADBE. Investment Research & Advisory Group Inc. increased its holdings 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 buying an additional 65 shares during the last quarter. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Adobe during the 2nd quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Adobe during the 2nd quarter valued at $28,000. North Point Portfolio Managers Corp OH purchased a new stake in shares of Adobe during the 3rd quarter valued at $30,000. Finally, Bullock Wealth Management Group lifted its holdings 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 during the last quarter. Institutional investors own 81.79% of the company’s stock.

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 74,500 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $251.56, for a total value of $18,741,220.00. Following the completion of the sale, the chief executive officer directly owned 289,224 shares of the company’s stock, valued at $72,757,189.44. The trade was a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was 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 $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. In the last quarter, insiders sold 125,416 shares of company stock worth $31,454,466. 0.20% of the stock is owned by corporate insiders.

Adobe Trading Down 2.0%

ADBE stock opened at $258.62 on Tuesday. The company has a market capitalization of $100.65 billion, a PE ratio of 14.43, a price-to-earnings-growth ratio of 0.92 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. Adobe Inc. has a one year low of $190.12 and a one year high of $363.70. The company’s 50 day moving average price is $255.78 and its two-hundred day moving average price is $253.08.

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

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s strong profitability and valuation are attracting bullish attention. Commentaries highlight roughly $10 billion in annual free cash flow, a net margin near 30%, a large user ecosystem and a relatively modest earnings multiple. Supporters argue the market is overlooking Adobe’s ability to monetize AI rather than be displaced by it. The Market is Misinformed About Adobe’s AI Risks and Blind to Its Margins
• Positive Sentiment: Adobe is expanding commercial applications for its AI and customer-experience tools. A planned partnership with the BWT Alpine Formula One Team will bring personalized AI fan experiences beginning in 2027, while a separate initiative with the NHL targets personalization for as many as 200 million fans. Adobe Lands 2027 AI Fan Experience Partnership In Global Sports
• Neutral Sentiment: Recent comparisons with Datadog and DocuSign frame Adobe as a mature, highly profitable software leader, but investors must balance its cash generation and scale against the faster growth potential of those smaller companies. Adobe vs. Datadog
• Neutral Sentiment: A report says October short interest totaled zero shares, implying no measurable short position; however, the figure conflicts with the description of a “significant increase” and should be treated cautiously.
• Negative Sentiment: A bearish analyst downgrade underscores fears that AI-native tools could erode Adobe’s pricing power, reduce demand for traditional applications or force heavier investment to defend its franchise. These concerns appear to be the primary reason investors remain cautious despite improving financial results. Adobe: Who Eats The Company First, AI Or Itself?

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. HSBC lowered shares of Adobe from a “buy” rating to a “hold” rating and cut their target price for the stock from $310.00 to $267.00 in a research report on Tuesday, October 13th. Robert W. Baird raised their price target on Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $315.00 price target on shares of Adobe in a research note on Friday, September 11th. Mizuho set a $260.00 price target on Adobe and gave the stock a “neutral” rating in a research note on Tuesday, September 8th. Finally, Wells Fargo & Company cut Adobe from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $270.00 to $225.00 in a report on Monday, October 12th. Nine investment 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’s stock. According to data from MarketBeat.com, Adobe currently has an average rating of “Hold” and an average target price of $283.90.

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.