Rare Wolf Capital LLC boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 36.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,165 shares of the software company’s stock after buying an additional 3,485 shares during the period. Adobe makes up about 1.8% of Rare Wolf Capital LLC’s investment portfolio, making the stock its 11th largest holding. Rare Wolf Capital LLC’s holdings in Adobe were worth $3,159,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Investment Research & Advisory Group Inc. boosted its holdings in Adobe by 185.7% in the third 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 in the last quarter. Dunhill Financial LLC purchased a new stake in shares of Adobe in the second quarter worth $95,000. North Point Portfolio Managers Corp OH purchased a new stake in shares of Adobe in the third quarter worth $30,000. Bullock Wealth Management Group increased its holdings in shares of Adobe by 468.2% during the third quarter. Bullock Wealth Management Group now owns 125 shares of the software company’s stock valued at $30,000 after acquiring an additional 103 shares in the last quarter. Finally, Security National Bank of Sioux City Iowa IA bought a new position in shares of Adobe during the second quarter valued at $27,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.
Adobe Trading Up 3.9%
NASDAQ:ADBE opened at $256.73 on Wednesday. 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 Inc. has a 12 month low of $190.12 and a 12 month high of $363.70. The company has a market cap of $99.92 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 0.86 and a beta of 1.42. The company has a 50 day simple moving average of $255.91 and a two-hundred day simple moving average of $243.12.
Adobe (NASDAQ:ADBE – Get Free Report) last announced its 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. The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business earned $5.31 EPS. 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 earnings per share for the current year.
Analyst Ratings Changes
Several research firms have recently issued reports on ADBE. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $315.00 price target on shares of Adobe in a research report on Friday, September 11th. UBS Group upped their price target 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. TD Cowen reissued a “hold” rating and set a $245.00 price objective on shares of Adobe in a research report on Wednesday, September 9th. Stifel Nicolaus raised their price objective on shares of Adobe from $200.00 to $225.00 and gave the company a “hold” rating in a research note on Wednesday, September 9th. Finally, Sanford C. Bernstein reduced their price objective 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. Nine equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, Adobe has a consensus rating of “Hold” and a consensus target price of $283.90.
View Our Latest Analysis on Adobe
Key Headlines Impacting Adobe
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe may be benefiting as a relative winner in the software sector after Salesforce announced a $5.66 billion acquisition of Braze. The deal raised concerns about Salesforce’s spending and strategy, while Adobe was cited among software rivals gaining investor interest. Salesforce Retreats on Braze Deal While Adobe Gains
- Positive Sentiment: Recent coverage argues that Adobe’s stock may have fallen too far on AI fears. The company continues to beat earnings estimates and raise guidance, supporting the view that its subscription model, customer relationships and generative-AI tools could remain durable despite competitive concerns. Wall Street Has Its Eyes on Adobe
- Positive Sentiment: A broader thesis that AI infrastructure spending is still in its early stages could support Adobe and other enterprise software companies if AI adoption expands into more business functions. The article also identifies Adobe as a company facing structural questions, making successful AI monetization important. The AI Buildout Is Only 15% Complete
- Neutral Sentiment: Adobe MAX 2026 is scheduled to begin November 10. The event could provide updates on Creative Cloud, generative AI and product monetization, but its impact will depend on the announcements and their ability to address investor concerns. Adobe MAX 2026 Preparation Memo
- Neutral Sentiment: Adobe is attracting elevated attention from Zacks users, but the report mainly recaps the factors investors should monitor rather than identifying a new fundamental catalyst. Adobe Is Attracting Investor Attention
- Negative Sentiment: Wells Fargo downgraded Adobe from Overweight to Underweight, signaling concern that AI competition and potential disruption to Adobe’s creative and marketing software could limit upside. The downgrade may temper the stock’s recovery despite its lower valuation. Wells Fargo Downgrades Adobe to Underweight
Insider Buying and Selling at Adobe
In related news, CAO Jillian Forusz sold 416 shares of the company’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 owned 3,824 shares in the company, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 238,724 shares in the company, valued at approximately $59,578,348.68. This represents a 17.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 125,416 shares of company stock valued at $31,454,466 in the last ninety days. 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.
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