Adobe Inc. $ADBE Stock Sold by Heritage Investors Management Corp

Heritage Investors Management Corp cut its position in Adobe Inc. (NASDAQ:ADBE) by 24.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,188 shares of the software company’s stock after selling 11,372 shares during the quarter. Heritage Investors Management Corp’s holdings in Adobe were worth $8,443,000 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. BlackRock Inc. acquired a new position in Adobe in the 2nd quarter worth $8,437,821,000. Arrowstreet Capital Limited Partnership boosted its position in Adobe by 9.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock valued at $1,651,066,000 after buying an additional 563,772 shares during the last quarter. Amundi boosted its position in Adobe by 11.0% in the 2nd quarter. Amundi now owns 5,242,464 shares of the software company’s stock valued at $1,074,810,000 after buying an additional 518,362 shares during the last quarter. Primecap Management Co. CA acquired a new stake in shares of Adobe during the second quarter valued at about $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Adobe by 0.4% during the second 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 acquiring an additional 18,995 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Performance

Adobe stock opened at $250.23 on Monday. The company has a market cap of $97.39 billion, a PE ratio of 13.96, a P/E/G ratio of 0.87 and a beta of 1.42. The company has a fifty day moving average price of $254.37 and a two-hundred day moving average price of $250.98. 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 12 month low of $190.12 and a 12 month high of $362.71.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The company 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 earnings per share. The firm’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. Research analysts expect that Adobe Inc. will post 20.01 earnings per share for the current year.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s partnership with Alpine aims to use AI to enhance fan engagement by 2027, providing a potential new commercial application for Adobe’s AI capabilities. The announcement appears to be supporting investor sentiment. Adobe stock gains as Alpine AI partnership targets 2027 fan engagement
• Positive Sentiment: Analyst commentary favors Adobe over Pegasystems, citing stronger revenue growth, expanding AI monetization and a lower valuation. Adobe’s established creative and document-software franchises also continue to support roughly 30% net margins. ADBE vs. PEGA: Which Enterprise Software Stock Has an Edge?
• Positive Sentiment: Adobe recently exceeded quarterly EPS and revenue expectations, while management’s full-year guidance indicates continued earnings growth. Its comparatively low valuation may attract value-oriented investors after the prolonged selloff.
• Neutral Sentiment: Adobe is scheduled to report its next quarterly results, with analysts expecting double-digit year-over-year EPS growth. The report could become the next major catalyst, particularly for evidence that AI adoption is translating into revenue. What to Expect From Adobe’s Next Quarterly Earnings Report
• Neutral Sentiment: Adobe joined other companies challenging the trading of tokenized versions of their shares on the OKX-ICE platform, arguing that unregulated products could weaken shareholder protections. The move is mainly a corporate-governance matter rather than a direct earnings catalyst. Adobe joins companies challenging tokenized stock trading
• Negative Sentiment: Adobe remains down substantially for the year as investors worry that generative-AI competitors could pressure its core creative-software business and challenge future growth. The market is therefore likely to demand tangible AI monetization in upcoming results. Adobe drops 29% year to date

Wall Street Analysts Forecast Growth

Several research firms recently commented on ADBE. Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a research note on Friday, September 11th. Oppenheimer restated a “market perform” rating on shares of Adobe in a research note on Tuesday, September 8th. Wells Fargo & Company downgraded Adobe from an “overweight” rating to an “underweight” rating and dropped their price objective for the stock from $270.00 to $225.00 in a report on Monday, October 12th. UBS Group lifted their price objective on Adobe from $225.00 to $255.00 and gave the stock a “neutral” rating in a report on Friday, September 11th. Finally, Piper Sandler upped their target price on Adobe from $240.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. Nine research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $283.90.

Insider Transactions at Adobe

In other news, CEO Shantanu Narayen sold 50,500 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the completion of the transaction, the chief executive officer owned 238,724 shares in the company, valued at approximately $59,578,348.68. This represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Adobe Company Profile

Adobe Inc is a global software company that develops digital tools for creative professionals, businesses, marketers, and individual users. Its products help customers create, edit, publish, manage, and measure digital content across websites, mobile applications, documents, and other media.

The company’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro, and Acrobat. Adobe also offers Document Cloud, which provides tools for creating, editing, sharing, signing, and managing digital documents, and Experience Cloud, a suite of solutions for digital marketing, analytics, commerce, customer journeys, and content management.