Adobe Inc. $ADBE Shares Purchased by Equity Investment Corp

Equity Investment Corp boosted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 8.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 358,005 shares of the software company’s stock after acquiring an additional 29,005 shares during the quarter. Equity Investment Corp owned 0.09% of Adobe worth $85,900,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Adobe during the second quarter worth about $8,437,821,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Adobe by 9.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock valued at $1,651,066,000 after purchasing an additional 563,772 shares during the period. Amundi grew its holdings in shares of Adobe by 11.0% in the second quarter. Amundi now owns 5,242,464 shares of the software company’s stock valued at $1,074,810,000 after purchasing an additional 518,362 shares in the last quarter. Primecap Management Co. CA acquired a new position in shares of Adobe in the second quarter valued at approximately $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Adobe by 0.4% in 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 purchasing an additional 18,995 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: At Adobe MAX, the company introduced AI-agent features across Creative Cloud and Firefly to automate creative workflows. These tools could strengthen Adobe’s products and support customer retention and monetization. Adobe Creative Cloud agentic workflow announcement
• Positive Sentiment: Adobe and Google expanded their partnership, bringing Adobe tools into Google Workspace and Google AI models into more Adobe apps—potentially widening distribution and making workflows more integrated. Adobe and Google partnership announcement
• Positive Sentiment: Disney selected Adobe to develop custom AI models for media operations, adding a high-profile enterprise relationship that could demonstrate demand for Adobe’s AI offerings. Reuters report on Disney and Adobe
• Negative Sentiment: The Google tie-up also arrives as Gemini expands across Adobe apps, raising questions about how Adobe will differentiate and capture value as outside AI models become more available in its software. Report on Gemini in Adobe apps
• Negative Sentiment: Investors may also remain cautious after Citi warned that Adobe’s fiscal 2027 growth estimates could be too high, a concern that new product announcements have yet to resolve. Coverage of Citi’s Adobe downgrade

Adobe Stock Down 0.3%

Shares of NASDAQ:ADBE opened at $236.70 on Wednesday. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $362.71. The firm’s 50 day moving average price is $249.04 and its 200 day moving average price is $249.02. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The stock has a market cap of $92.12 billion, a price-to-earnings ratio of 13.21, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, topping the consensus estimate 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%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. As a group, equities research analysts predict that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Insider Activity at Adobe

In related news, CEO Shantanu Narayen sold 74,500 shares of Adobe stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $251.56, for a total transaction of $18,741,220.00. Following the sale, the chief executive officer directly owned 289,224 shares in the company, valued at $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 is available through the SEC website. 0.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Bank of America upped their target price on shares of Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 19th. BMO Capital Markets raised their price target on shares of Adobe from $230.00 to $270.00 and gave the company a “market perform” rating in a research report on Friday, September 11th. Oppenheimer restated a “market perform” rating on shares of Adobe in a research note on Tuesday, September 8th. Jefferies Financial Group cut their price objective on Adobe from $285.00 to $275.00 and set a “hold” rating on the stock in a research report on Friday, September 11th. Finally, Citigroup cut Adobe from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $250.00 to $207.00 in a research note on Wednesday, November 4th. Nine investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $282.52.

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.