Citizens Financial Group Inc. RI increased its position in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 6.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,414 shares of the software company’s stock after acquiring an additional 2,623 shares during the period. Citizens Financial Group Inc. RI’s holdings in Adobe were worth $10,897,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Investment Research & Advisory Group Inc. boosted its stake in Adobe by 185.7% during the third quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock valued at $25,000 after buying an additional 65 shares during the period. Security National Bank of Sioux City Iowa IA purchased a new position in Adobe during the second quarter worth about $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Adobe in the 2nd quarter worth about $28,000. North Point Portfolio Managers Corp OH bought a new position in Adobe in the 3rd quarter worth about $30,000. Finally, Bullock Wealth Management Group raised its holdings in shares of Adobe by 468.2% in the 3rd 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. 81.79% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Adobe
In related news, CAO Jillian Forusz sold 416 shares of the stock in a transaction on 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 owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Shantanu Narayen sold 74,500 shares of Adobe stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total transaction of $18,741,220.00. Following the completion of the transaction, the chief executive officer owned 289,224 shares in the company, valued at approximately $72,757,189.44. The trade was a 20.48% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 125,416 shares of company stock worth $31,454,466. 0.20% of the stock is owned by insiders.
Adobe Stock Down 2.5%
Shares of NASDAQ ADBE opened at $263.82 on Friday. Adobe Inc. has a one year low of $190.12 and a one year high of $363.70. 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 firm’s 50 day simple moving average is $255.83 and its two-hundred day simple moving average is $243.54. The stock has a market capitalization of $102.68 billion, a P/E ratio of 14.72, a PEG ratio of 0.92 and a beta of 1.42.
Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, topping the consensus estimate of $6.08 by $0.05. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the firm posted $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. As a group, analysts expect that Adobe Inc. will post 20.01 EPS for the current fiscal year.
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.
Analyst Ratings Changes
ADBE has been the subject of a number of research analyst reports. Robert W. Baird lifted 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. Morgan Stanley restated an “underweight” rating on shares of Adobe in a research report on Friday, September 11th. CLSA assumed coverage on shares of Adobe in a research note on Monday, July 20th. They issued an “outperform” rating and a $300.00 target price on the stock. BMO Capital Markets raised their target price on shares of Adobe from $230.00 to $270.00 and gave the company a “market perform” rating in a research note on Friday, September 11th. Finally, Piper Sandler lifted their target price on shares of Adobe from $240.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $283.90.
Get Our Latest Report on Adobe
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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