M&G PLC trimmed its position in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 8.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,869 shares of the software company’s stock after selling 8,135 shares during the quarter. M&G PLC’s holdings in Adobe were worth $21,089,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new position in shares of Adobe during the third quarter valued at about $583,000. Fulcrum Asset Management LLP increased its position in shares of Adobe by 576.6% during the third quarter. Fulcrum Asset Management LLP now owns 22,212 shares of the software company’s stock worth $5,179,000 after acquiring an additional 18,929 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Adobe by 2.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 63,891 shares of the software company’s stock worth $15,416,000 after acquiring an additional 1,651 shares during the last quarter. StoneRidge PMG Advisors LLC acquired a new stake in shares of Adobe in the 3rd quarter worth about $1,170,000. Finally, Bryn Mawr Trust Advisors LLC raised its holdings in shares of Adobe by 5.2% in the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 1,240 shares of the software company’s stock worth $298,000 after acquiring an additional 61 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.
Adobe Stock Performance
Shares of Adobe stock opened at $236.70 on Wednesday. The business’s fifty day simple moving average is $249.04 and its 200 day simple moving average is $249.02. 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 $362.71. The firm has a market capitalization of $92.12 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.
Adobe (NASDAQ:ADBE – Get Free Report) last announced its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The firm had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter in the prior year, the company earned $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. As a group, analysts anticipate that Adobe Inc. will post 20.01 EPS for the current year.
Analyst Ratings Changes
Several equities analysts recently weighed in on ADBE shares. Stifel Nicolaus raised their price target on shares of Adobe from $200.00 to $225.00 and gave the company a “hold” rating in a research report on Wednesday, September 9th. The Goldman Sachs Group boosted their price objective on Adobe from $190.00 to $200.00 and gave the stock a “sell” rating in a report on Monday, September 14th. Piper Sandler boosted their price objective on Adobe from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, September 11th. Jefferies Financial Group lowered their price objective on Adobe from $285.00 to $275.00 and set a “hold” rating for the company in a research note on Friday, September 11th. Finally, Evercore set a $250.00 target price on Adobe in a report on Friday, September 11th. Nine research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $282.52.
Read Our Latest Stock Analysis on Adobe
Insider Buying and Selling at Adobe
In related news, CEO Shantanu Narayen sold 74,500 shares of the stock in a transaction dated Wednesday, September 16th. The shares were 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. This represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.
Key Stories Impacting Adobe
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: At Adobe MAX, the company introduced AI-agent features across Creative Cloud and Firefly to automate creative workflows. These tools could strengthen Adobe’s products and support customer retention and monetization. Adobe Creative Cloud agentic workflow announcement
- Positive Sentiment: Adobe and Google expanded their partnership, bringing Adobe tools into Google Workspace and Google AI models into more Adobe apps—potentially widening distribution and making workflows more integrated. Adobe and Google partnership announcement
- Positive Sentiment: Disney selected Adobe to develop custom AI models for media operations, adding a high-profile enterprise relationship that could demonstrate demand for Adobe’s AI offerings. Reuters report on Disney and Adobe
- Negative Sentiment: The Google tie-up also arrives as Gemini expands across Adobe apps, raising questions about how Adobe will differentiate and capture value as outside AI models become more available in its software. Report on Gemini in Adobe apps
- Negative Sentiment: Investors may also remain cautious after Citi warned that Adobe’s fiscal 2027 growth estimates could be too high, a concern that new product announcements have yet to resolve. Coverage of Citi’s Adobe downgrade
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.
Featured Articles
- Five stocks we like better than Adobe
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE – Free Report).
Receive News & Ratings for Adobe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adobe and related companies with MarketBeat.com's FREE daily email newsletter.
