Adobe Inc. $ADBE Stock: Evergreen Private Wealth LLC Increases Stake

Evergreen Private Wealth LLC grew its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,544 shares of the software company’s stock after purchasing an additional 2,347 shares during the quarter. Adobe makes up 2.3% of Evergreen Private Wealth LLC’s investment portfolio, making the stock its 16th largest holding. Evergreen Private Wealth LLC’s holdings in Adobe were worth $6,369,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Adobe in the 2nd quarter worth about $8,437,821,000. Arrowstreet Capital Limited Partnership grew its position in Adobe by 9.1% during 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 buying an additional 563,772 shares during the period. Amundi increased its holdings in Adobe by 1.1% during the first quarter. Amundi now owns 4,724,102 shares of the software company’s stock worth $1,148,335,000 after buying an additional 53,424 shares during the last quarter. Primecap Management Co. CA bought a new position in shares of Adobe during the 2nd quarter valued at approximately $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 acquiring an additional 18,995 shares during the period. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Stock Performance

Shares of ADBE opened at $246.14 on Wednesday. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $362.71. The stock’s 50-day simple moving average is $253.29 and its 200 day simple moving average is $250.40. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. The stock has a market capitalization of $95.80 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.88 and a beta of 1.37.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $6.69 billion. During the same quarter in the previous year, the firm earned $5.31 EPS. The company’s quarterly 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 forecast that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Insider Transactions at Adobe

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction that occurred 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 sale, the chief executive officer directly owned 238,724 shares in the company, valued at $59,578,348.68. This represents a 17.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on ADBE shares. Robert W. Baird upped their price objective on Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. DA Davidson lifted their price objective on Adobe from $250.00 to $290.00 and gave the stock a “buy” rating in a report on Monday, September 14th. Citizens Jmp restated a “market perform” rating on shares of Adobe in a research note on Friday, September 11th. Barclays upped their price objective on shares of Adobe from $250.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, September 3rd. Finally, Evercore set a $250.00 target price on shares of Adobe in a research report on Friday, September 11th. Nine investment 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. Based on data from MarketBeat.com, Adobe has an average rating of “Hold” and an average price target of $283.90.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is bringing licensed music from Universal Music Group and Warner Music Group to Premiere mobile. The added music catalog could make the video-editing app more useful and attractive to creators, though the reports did not describe a financial contribution. Forbes article on Adobe’s music deals
• Neutral Sentiment: Analyst views remain split: some see potential in Adobe’s freemium offerings and AI, while others are wary of softer annual recurring revenue (ARR) trends and competition. A compiled fair-value estimate was trimmed from $275.06 to $268.30, suggesting somewhat less estimated upside. Analyst views on Adobe fair value
• Negative Sentiment: Investors may be concerned that AI could challenge Adobe’s competitive edge, as new AI tools and software alternatives raise questions about the durability of its business and pricing power. This concern adds to pressure from competition and softer ARR trends. Article on AI and Adobe’s competitive edge

Adobe 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.