Carmel Capital Partners LLC Makes New $662,000 Investment in Adobe Inc. $ADBE

Carmel Capital Partners LLC purchased a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,759 shares of the software company’s stock, valued at approximately $662,000.

A number of other large investors have also modified their holdings of the company. Phoenix Wealth Advisors bought a new position in Adobe in the 3rd quarter worth approximately $205,000. Alps Advisors Inc. boosted its position in Adobe by 36.3% during the 3rd quarter. Alps Advisors Inc. now owns 9,997 shares of the software company’s stock worth $2,399,000 after acquiring an additional 2,661 shares during the period. Ashton Thomas Private Wealth LLC boosted its position in Adobe by 29.3% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 13,427 shares of the software company’s stock worth $3,222,000 after acquiring an additional 3,044 shares during the period. Heritage Family Offices LLP bought a new position in shares of Adobe in the third quarter worth $201,000. Finally, Waldron Private Wealth LLC bought a new position in shares of Adobe in the third quarter worth $349,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe News Summary

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?

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Adobe from $240.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. Oppenheimer reissued a “market perform” rating on shares of Adobe in a research note on Tuesday, September 8th. BMO Capital Markets boosted their price target on shares of Adobe from $230.00 to $270.00 and gave the stock a “market perform” rating in a research report on Friday, September 11th. Sanford C. Bernstein reduced their price target on shares of Adobe from $379.00 to $373.00 and set an “outperform” rating for the company in a research note on Friday, September 11th. Finally, Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Nine investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat, Adobe currently has an average rating of “Hold” and a consensus price target of $282.52.

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 stock was 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 of the company’s stock, valued at $59,578,348.68. The trade was a 17.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.20% of the stock is currently owned by corporate insiders.

Adobe Price Performance

ADBE stock traded down $7.14 during trading hours on Friday, hitting $239.30. 3,295,382 shares of the stock traded hands, compared to its average volume of 4,311,005. The stock has a 50-day simple moving average of $251.24 and a 200 day simple moving average of $249.62. The company has a market cap of $93.14 billion, a P/E ratio of 13.35, a P/E/G ratio of 0.88 and a beta of 1.37. Adobe Inc. has a one year low of $190.12 and a one year high of $362.71. 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 (NASDAQ:ADBE) last posted its quarterly earnings data 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 company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same quarter last year, the firm posted $5.31 EPS. The business’s revenue for the quarter 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. Equities analysts forecast that Adobe Inc. will post 20.01 earnings per share 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.