Adobe Inc. $ADBE Stock Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 10.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,346 shares of the software company’s stock after buying an additional 2,367 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Adobe were worth $5,842,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. grew its stake in Adobe by 185.7% during the 3rd quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock valued at $25,000 after acquiring an additional 65 shares in the last quarter. Security National Bank of Sioux City Iowa IA purchased a new stake in shares of Adobe in the second quarter worth approximately $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Adobe in the second quarter worth approximately $28,000. Latitude Advisors LLC purchased a new stake in shares of Adobe in the third quarter worth approximately $29,000. Finally, North Point Portfolio Managers Corp OH acquired a new stake in shares of Adobe during the third quarter worth approximately $30,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Up 0.4%

ADBE stock opened at $238.54 on Friday. The stock has a market capitalization of $92.84 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a 50-day moving average of $247.24 and a two-hundred day moving average of $248.37. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $362.71.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, topping 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 company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same period in the previous year, the company earned $5.31 earnings per share. 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. As a group, equities research analysts anticipate that Adobe Inc. will post 20.01 EPS for the current year.

Top Adobe Stories

These are some of the ADBE stories that stood out recently:

• Positive Sentiment: Adobe expanded its Google partnership, bringing Acrobat features into Google Workspace and integrating Google AI models into Adobe products. Wider distribution and deeper workflow integration could help Adobe defend and extend its customer reach. Adobe expands its AI partnership and workspace reach
• Positive Sentiment: RBC reaffirmed its Outperform rating and set a $315 price target, implying substantial upside from the supplied $238.54 reference price. Royal Bank of Canada rating
• Negative Sentiment: Citi’s “hard reset” concerns point to investor uncertainty about how quickly opening flagship apps to external agents will pay off. Other coverage says Adobe is down about 31% this year and notes recent price-target cuts, adding pressure despite the product news. Citi flags a hard reset Adobe is down about 31% this year

Analysts Set New Price Targets

ADBE has been the topic of a number of research analyst reports. Jefferies Financial Group lowered their price objective on shares of Adobe from $285.00 to $275.00 and set a “hold” rating on the stock in a research report on Friday, September 11th. UBS Group increased their target price on shares of Adobe from $225.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, September 11th. Weiss Ratings raised shares of Adobe from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 1st. Wells Fargo & Company cut shares of Adobe from an “overweight” rating to an “underweight” rating and lowered their price target for the company from $270.00 to $225.00 in a report on Monday, October 12th. Finally, The Goldman Sachs Group upped their price target on shares of Adobe from $190.00 to $200.00 and gave the stock a “sell” rating in a research note on Monday, September 14th. Nine analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $282.52.

Insider Buying and Selling

In other Adobe news, CEO Shantanu Narayen sold 74,500 shares of the firm’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 value of $18,741,220.00. Following the completion of the sale, the chief executive officer owned 289,224 shares in the company, valued at approximately $72,757,189.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.

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.