Eurizon Capital SGR S.p.A. grew its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 16.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,457 shares of the software company’s stock after purchasing an additional 20,647 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in Adobe were worth $35,224,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Adobe during the second quarter worth about $8,437,821,000. Johnson Financial Group Inc. purchased a new stake in Adobe in the second quarter worth about $2,289,000. Biondo Investment Advisors LLC purchased a new stake in Adobe in the second quarter worth about $2,647,000. First Citizens Bank & Trust Co. increased its stake in shares of Adobe by 217.1% during the third quarter. First Citizens Bank & Trust Co. now owns 7,823 shares of the software company’s stock valued at $1,877,000 after purchasing an additional 5,356 shares in the last quarter. Finally, Summit Global Investments bought a new position in shares of Adobe during the second quarter valued at approximately $1,401,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.
Insider Buying and Selling
In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $249.57, for a total value of $12,603,285.00. Following the completion of the sale, the chief executive officer owned 238,724 shares of the company’s stock, valued at approximately $59,578,348.68. This trade represents a 17.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.
Key Adobe News
These are some of the ADBE news items that stood out recently:
- Positive Sentiment: Adobe and Disney are partnering to develop artist-led generative AI models for storytelling. The tie-up could extend Adobe’s AI tools into major creative and entertainment workflows, while Disney’s involvement may help address the importance of artist participation and trusted content. Disney and Adobe Partner on Artist-Led Generative AI Models
- Positive Sentiment: Adobe unveiled new AI capabilities across its creative products, including ways for AI agents to interact with Photoshop and other tools. These features could make its software more useful and help defend its position as creative workflows evolve. Adobe makes major change creators will notice as Citi flags ‘hard reset’
- Negative Sentiment: Citi has described Adobe’s move to open flagship apps to outside AI agents as a “hard reset,” with concern that the business payoff could take time. That leaves uncertainty over whether new AI features can translate into near-term growth and offset competitive or business-model disruption. Adobe makes major change creators will notice as Citi flags ‘hard reset’
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on ADBE shares. Evercore set a $250.00 target price on shares of Adobe in a report on Friday, September 11th. BTIG Research restated a “neutral” rating on shares of Adobe in a research note on Friday, September 11th. Sanford C. Bernstein cut their price target on Adobe from $379.00 to $373.00 and set an “outperform” rating on the stock in a research note on Friday, September 11th. Bank of America raised their price objective on Adobe from $190.00 to $220.00 and gave the company an “underperform” rating in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company cut Adobe from an “overweight” rating to an “underweight” rating and lowered their price objective for the company from $270.00 to $225.00 in a research note on Monday, October 12th. Nine investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and eight have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $282.52.
Get Our Latest Research Report on ADBE
Adobe Trading Up 1.9%
Shares of NASDAQ ADBE opened at $243.08 on Friday. The firm’s 50 day moving average price is $246.39 and its 200-day moving average price is $248.10. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $362.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. The company has a market cap of $94.61 billion, a PE ratio of 12.75, a P/E/G ratio of 0.83 and a beta of 1.37.
Adobe (NASDAQ:ADBE – Get Free Report) last announced its quarterly earnings results 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 the consensus estimate of $6.69 billion. During the same quarter last year, the firm earned $5.31 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. On average, equities research analysts expect that Adobe Inc. will post 20.01 EPS for the current fiscal year.
Adobe Company 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.
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