Adobe Inc. $ADBE Shares Sold by Aberdeen Group plc

Aberdeen Group plc lessened its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 3.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 463,423 shares of the software company’s stock after selling 18,116 shares during the period. Aberdeen Group plc’s holdings in Adobe were worth $111,194,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Adobe in the second quarter valued at about $8,437,821,000. Arrowstreet Capital Limited Partnership grew its holdings in Adobe by 9.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock worth $1,651,066,000 after acquiring an additional 563,772 shares in the last quarter. Amundi grew its holdings in Adobe by 1.1% during the 1st quarter. Amundi now owns 4,724,102 shares of the software company’s stock worth $1,148,335,000 after acquiring an additional 53,424 shares in the last quarter. Primecap Management Co. CA bought a new position in Adobe during the 2nd quarter worth about $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Adobe by 0.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,045,547 shares of the software company’s stock valued at $1,034,438,000 after purchasing an additional 18,995 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 74,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 289,224 shares of the company’s stock, valued at approximately $72,757,189.44. This represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

ADBE has been the subject of several research reports. Citigroup cut shares of Adobe from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $250.00 to $207.00 in a research report on Wednesday, November 4th. Stifel Nicolaus lifted their price objective on shares of Adobe from $200.00 to $225.00 and gave the company a “hold” rating in a report on Wednesday, September 9th. Citizens Jmp reissued a “market perform” rating on shares of Adobe in a report on Friday, September 11th. Robert W. Baird boosted their price objective on shares of Adobe from $230.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $315.00 target price on shares of Adobe in a report on Wednesday. Nine investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $282.52.

Adobe News Summary

Here’s some of the latest news 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
• 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’

Adobe Stock Up 1.9%

NASDAQ ADBE traded up $4.54 on Friday, hitting $243.08. The stock had a trading volume of 2,436,180 shares, compared to its average volume of 3,993,223. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $362.71. The business’s fifty day moving average price is $246.39 and its 200 day moving average price is $248.10. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market cap of $94.61 billion, a price-to-earnings ratio of 13.56, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Adobe (NASDAQ:ADBE) last released its 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. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. Adobe’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the business earned $5.31 EPS. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Equities research analysts anticipate that Adobe Inc. will post 20.01 earnings per share for the current year.

About Adobe

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.