Adobe Inc. $ADBE Stock: Eurizon Capital SGR S.p.A. Raises Stake

Eurizon Capital SGR S.p.A. increased its stake in Adobe Inc. (NASDAQ:ADBE) by 16.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 147,457 shares of the software company’s stock after buying 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 filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Adobe in the third quarter worth approximately $432,000. Van Strum & Towne Inc. grew its position in Adobe by 33.5% during the third quarter. Van Strum & Towne Inc. now owns 3,616 shares of the software company’s stock valued at $868,000 after buying an additional 907 shares during the period. Maryland State Retirement & Pension System grew its position in Adobe by 10.8% during the third quarter. Maryland State Retirement & Pension System now owns 24,346 shares of the software company’s stock valued at $5,842,000 after buying an additional 2,367 shares during the period. Joel Isaacson & Co. LLC purchased a new stake in Adobe during the third quarter valued at approximately $238,000. Finally, First Command Advisory Services Inc. increased its holdings in Adobe by 69.8% during the third quarter. First Command Advisory Services Inc. now owns 416 shares of the software company’s stock valued at $100,000 after buying an additional 171 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on ADBE shares. Weiss Ratings upgraded Adobe from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 1st. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. TD Cowen restated a “hold” rating and set a $245.00 target price on shares of Adobe in a research note on Wednesday, September 9th. DA Davidson increased their price objective on shares of Adobe from $250.00 to $290.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. Finally, Oppenheimer restated a “market perform” rating on shares of Adobe in a research note on Tuesday, September 8th. Nine investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat, Adobe has an average rating of “Hold” and a consensus price target of $282.52.

Insider Activity

In other news, CEO Shantanu Narayen sold 50,500 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $249.57, for a total value of $12,603,285.00. Following the transaction, the chief executive officer owned 238,724 shares of the company’s stock, valued at approximately $59,578,348.68. The trade was a 17.46% 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 hyperlink. 0.20% of the stock is currently owned by insiders.

Adobe Stock Up 1.9%

Shares of ADBE opened at $243.08 on Friday. The business’s 50 day moving average is $246.39 and its 200 day moving average is $248.10. The company has a market capitalization of $94.61 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $362.71. 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 (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share 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 during the quarter, compared to the consensus estimate of $6.69 billion. During the same period in the prior year, the company posted $5.31 EPS. The firm’s revenue for the quarter 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 expect that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Key Headlines Impacting Adobe

Here are a few of the latest headlines about ADBE:

• 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
• Neutral Sentiment: Adobe is also testing personalized web-page experiences and has forecast record U.S. online holiday spending. The developments point to opportunities in digital marketing and commerce, but the articles do not establish how much they may add to Adobe’s near-term results. Adobe is testing a tool that tailors web pages to individual visitors
• 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’

Adobe 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.