8,135 Adobe Inc. $ADBE Shares Sold by M&G PLC

M&G PLC cut its position in Adobe Inc. (NASDAQ:ADBE) by 8.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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.

A number of other institutional investors have also recently made changes to their positions in ADBE. Cyndeo Wealth Partners LLC increased its holdings in Adobe by 2.8% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,559 shares of the software company’s stock worth $374,000 after acquiring an additional 43 shares during the last quarter. Meridian Management Co. lifted its holdings in Adobe by 0.3% during the first quarter. Meridian Management Co. now owns 15,241 shares of the software company’s stock valued at $3,705,000 after purchasing an additional 44 shares during the last quarter. Brown Shipley& Co Ltd lifted its holdings in Adobe by 28.8% during the first quarter. Brown Shipley& Co Ltd now owns 197 shares of the software company’s stock valued at $48,000 after purchasing an additional 44 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in Adobe by 4.0% during the third quarter. Pzena Investment Management LLC now owns 1,138 shares of the software company’s stock valued at $273,000 after purchasing an additional 44 shares during the last quarter. Finally, United Bank boosted its position in Adobe by 1.4% during the first quarter. United Bank now owns 3,658 shares of the software company’s stock worth $889,000 after purchasing an additional 49 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe News Summary

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 Stock Performance

Shares of ADBE opened at $236.70 on Wednesday. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $362.71. The stock’s 50-day simple moving average is $249.04 and its 200 day simple moving average is $249.02. 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 stock has a market capitalization of $92.12 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Adobe (NASDAQ:ADBE) last posted 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. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The business had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same quarter in the previous year, the firm earned $5.31 EPS. The company’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. Research analysts forecast that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Insider Activity at Adobe

In other news, CEO Shantanu Narayen sold 74,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $251.56, for a total value of $18,741,220.00. Following the completion of the transaction, the chief executive officer directly owned 289,224 shares in the company, valued at approximately $72,757,189.44. This trade represents a 20.48% 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. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ADBE shares. TD Cowen reiterated a “hold” rating and issued a $245.00 target price on shares of Adobe in a research note on Wednesday, September 9th. Robert W. Baird boosted their price target on shares of Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. Oppenheimer restated a “market perform” rating on shares of Adobe in a research note on Tuesday, September 8th. Jefferies Financial Group cut their price objective on shares of Adobe from $285.00 to $275.00 and set a “hold” rating for the company in a report on Friday, September 11th. Finally, Wells Fargo & Company downgraded shares of Adobe from an “overweight” rating to an “underweight” rating and cut their price objective for the stock from $270.00 to $225.00 in a report on Monday, October 12th. 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, Adobe presently has an average rating of “Hold” and a consensus price target of $282.52.

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.