National Pension Service Acquires 39,854 Shares of Adobe Inc. $ADBE

National Pension Service increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,199,301 shares of the software company’s stock after purchasing an additional 39,854 shares during the quarter. National Pension Service owned approximately 0.30% of Adobe worth $245,881,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SWAN Capital LLC grew its holdings in Adobe by 43.1% during the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after buying an additional 31 shares in the last quarter. Logan Capital Management Inc. lifted its holdings in shares of Adobe by 0.3% in the third quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock worth $3,453,000 after buying an additional 32 shares in the last quarter. Vista Capital Partners Inc. boosted its position in shares of Adobe by 5.8% during the second quarter. Vista Capital Partners Inc. now owns 624 shares of the software company’s stock worth $241,000 after acquiring an additional 34 shares during the last quarter. Murphy & Mullick Capital Management Corp boosted its position in shares of Adobe by 5.1% during the fourth quarter. Murphy & Mullick Capital Management Corp now owns 827 shares of the software company’s stock worth $289,000 after acquiring an additional 40 shares during the last quarter. Finally, Front Street Capital Management Inc. grew its stake in Adobe by 8.2% during the second quarter. Front Street Capital Management Inc. now owns 541 shares of the software company’s stock valued at $209,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Insider Activity at Adobe

In related news, Director David A. Ricks bought 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were purchased at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director owned 17,655 shares in the company, valued at $3,434,074.05. This trade represents a 130.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jillian Forusz sold 416 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. The trade was a 9.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on ADBE shares. Sanford C. Bernstein decreased their price target on shares of Adobe from $447.00 to $379.00 and set an “outperform” rating on the stock in a research note on Friday, June 12th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a research report on Saturday, September 5th. Citizens Jmp reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, June 12th. TD Cowen reiterated a “hold” rating on shares of Adobe in a research report on Wednesday. Finally, Wells Fargo & Company dropped their price target on Adobe from $330.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $280.32.

Adobe Stock Performance

Adobe stock opened at $248.83 on Friday. The company’s 50-day moving average price is $252.89 and its 200-day moving average price is $245.59. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $370.86. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The company has a market cap of $98.91 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.89 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.08 by $0.05. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.69 billion. During the same period in the prior year, the company earned $5.31 EPS. The business’s 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. On average, equities research analysts forecast that Adobe Inc. will post 19.83 EPS for the current fiscal year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record fiscal Q3 revenue of $6.76 billion, up 12.9% year over year, while adjusted EPS of $6.13 exceeded the $6.08 consensus estimate. GAAP EPS was $4.62, and operating cash flow reached $2.52 billion. Adobe Reports Record Q3 Results
• Positive Sentiment: Management raised its fiscal 2026 outlook, calling for adjusted EPS of $24.45 to $24.50 and revenue of approximately $26.6 billion. Fourth-quarter adjusted EPS guidance of $6.30 to $6.35 is also above the $6.09 analyst consensus. Adobe Hits 1 Billion Monthly Active Users, Raises Full-Year Outlook
• Positive Sentiment: Adobe said AI-first annual recurring revenue grew more than 150% year over year, total ARR reached $27.5 billion, and monthly active users across its creativity and productivity products surpassed 1 billion. The results support management’s strategy of embedding AI into products such as Acrobat and Firefly. Adobe posts record quarter, lifts guidance as AI push pays off
• Neutral Sentiment: Adobe repurchased approximately 9.5 million shares during the quarter, which may support per-share results, although reported insider activity showed selling rather than buying by several executives.
• Negative Sentiment: Wall Street’s reaction was muted because investors wanted stronger evidence that Adobe’s AI offerings are accelerating growth. Analysts noted that, in the current environment, merely meeting or modestly exceeding estimates may not be enough. Adobe’s latest earnings leave Wall Street wanting more
• Negative Sentiment: Investors remain concerned about competition from Microsoft, Alphabet and AI-native tools, as well as the recently announced CEO transition. OpenAI’s reported restriction on advertising from competing image- and audio-generation companies, including Adobe, adds another competitive and distribution risk. OpenAI restricts rival AI ad campaigns in ChatGPT

Adobe Company Profile

Adobe Inc (NASDAQ:ADBE) develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.