Adobe Inc. $ADBE Stock: Fulcrum Asset Management LLP Grows Stake

Fulcrum Asset Management LLP increased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 576.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 22,212 shares of the software company’s stock after acquiring an additional 18,929 shares during the period. Fulcrum Asset Management LLP’s holdings in Adobe were worth $5,179,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC increased its position in Adobe by 2.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 63,891 shares of the software company’s stock worth $15,416,000 after buying an additional 1,651 shares during the period. StoneRidge PMG Advisors LLC acquired a new position in Adobe during the 3rd quarter valued at $1,170,000. Bryn Mawr Trust Advisors LLC boosted its holdings in Adobe by 5.2% in the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 1,240 shares of the software company’s stock valued at $298,000 after purchasing an additional 61 shares during the period. M Holdings Securities Inc. bought a new stake in Adobe in the 3rd quarter valued at $444,000. Finally, Candriam S.C.A. boosted its holdings in Adobe by 29.4% in the 3rd quarter. Candriam S.C.A. now owns 191,608 shares of the software company’s stock valued at $46,142,000 after purchasing an additional 43,537 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Price Performance

Shares of ADBE stock opened at $237.32 on Tuesday. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $362.71. The stock has a market capitalization of $92.36 billion, a PE ratio of 13.24, a PEG ratio of 0.87 and a beta of 1.37. 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’s fifty day moving average is $250.16 and its 200-day moving average is $249.33.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.08 by $0.05. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business posted $5.31 earnings per share. 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 expect that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Disney selected Adobe as its AI innovation partner in a multiyear deal to co-develop custom AI models for Disney’s creative and media operations. The collaboration is expected to use Adobe Firefly across areas including studio production, parks and cruises, offering a prominent customer endorsement and potential expansion of Adobe’s enterprise AI business. Reuters article
• Positive Sentiment: Adobe is expanding the reach of its CX Enterprise Coworker by making it available within platforms including ChatGPT, Claude, Gemini for business, Microsoft Copilot and Databricks Genie. Wider distribution could support adoption of Adobe’s AI tools by marketing teams. Yahoo Finance article
• Neutral Sentiment: Adobe’s MAX event generated additional AI, photo and video product coverage, but the provided reports do not specify details that clearly change the near-term earnings outlook. CNET article
• Negative Sentiment: Citi downgraded Adobe to Sell, warning that expectations for fiscal 2027 growth may be too high. That outlook could weigh on investor sentiment despite the partnership news. The Motley Fool article

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 238,724 shares of the company’s stock, valued at approximately $59,578,348.68. The trade was a 17.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ADBE. The Goldman Sachs Group boosted their price objective on shares of Adobe from $190.00 to $200.00 and gave the stock a “sell” rating in a report on Monday, September 14th. Citigroup cut Adobe from a “neutral” rating to a “sell” rating and cut their price target for the company from $250.00 to $207.00 in a report on Wednesday, November 4th. DA Davidson raised their price objective on Adobe from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $315.00 target price on shares of Adobe in a research report on Friday, September 11th. Finally, Jefferies Financial Group lowered their target price on shares of Adobe from $285.00 to $275.00 and set a “hold” rating on the stock in a research note on Friday, September 11th. Nine equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $282.52.

Adobe Profile

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.

Through its Digital Experience business, Adobe provides tools for managing digital marketing, customer experiences, analytics and commerce.