Adobe Inc. $ADBE Shares Purchased by Candriam S.C.A.

Posted by Francis Steltz on Nov 8th, 2026

Candriam S.C.A. boosted its position in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 29.4% in the third quarter, Holdings Channel.com reports. The firm owned 191,608 shares of the software company’s stock after acquiring an additional 43,537 shares during the period. Candriam S.C.A.’s holdings in Adobe were worth $46,142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Adobe in the second quarter valued at about $8,437,821,000. Primecap Management Co. CA acquired a new position in shares of Adobe during the second quarter worth about $1,071,668,000. Bank of New York Mellon Corp acquired a new position in shares of Adobe during the second quarter worth about $954,468,000. Deutsche Bank AG bought a new position in shares of Adobe during the second quarter worth about $750,203,000. Finally, Legal & General Group Plc bought a new position in shares of Adobe during the second quarter worth about $653,307,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ADBE. The Goldman Sachs Group lifted their target price on Adobe from $190.00 to $200.00 and gave the company a “sell” rating in a research report on Monday, September 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $315.00 price target on shares of Adobe in a research report on Friday, September 11th. Wells Fargo & Company cut shares of Adobe from an “overweight” rating to an “underweight” rating and decreased their price target for the stock from $270.00 to $225.00 in a research note on Monday, October 12th. Bank of America lifted their price objective on shares of Adobe from $190.00 to $220.00 and gave the company an “underperform” rating in a report on Wednesday, August 19th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Adobe in a report on Tuesday, September 8th. Nine analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and eight have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $282.52.

Check Out Our Latest Stock Analysis on ADBE

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 74,500 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 289,224 shares in the company, valued at $72,757,189.44. This represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.20% of the stock is owned by company insiders.

Adobe News Roundup

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?

Adobe Price Performance

Shares of NASDAQ ADBE opened at $239.30 on Friday. 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 business has a 50-day moving average of $251.24 and a 200-day moving average of $249.62. The stock has a market capitalization of $93.14 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.83 and a beta of 1.37. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $362.71.

Adobe (NASDAQ:ADBE – Get Free Report) last released its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same quarter in the prior year, the company posted $5.31 earnings per share. Adobe’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, sell-side analysts predict that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Adobe Company Profile

(Free Report)

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.