ProShare Advisors LLC Purchases 8,174 Shares of Adobe Inc. $ADBE

ProShare Advisors LLC raised its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 1.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 467,641 shares of the software company’s stock after purchasing an additional 8,174 shares during the period. ProShare Advisors LLC’s holdings in Adobe were worth $112,206,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Cyndeo Wealth Partners LLC increased its holdings in Adobe by 2.8% in the third quarter. Cyndeo Wealth Partners LLC now owns 1,559 shares of the software company’s stock valued at $374,000 after buying an additional 43 shares during the last quarter. Meridian Management Co. raised its holdings in shares of Adobe by 0.3% during the first quarter. Meridian Management Co. now owns 15,241 shares of the software company’s stock worth $3,705,000 after purchasing an additional 44 shares during the period. Brown Shipley& Co Ltd raised its stake in Adobe by 28.8% during the 1st quarter. Brown Shipley& Co Ltd now owns 197 shares of the software company’s stock valued at $48,000 after acquiring an additional 44 shares in the last quarter. United Bank raised its position in shares of Adobe by 1.4% during the first quarter. United Bank now owns 3,658 shares of the software company’s stock worth $889,000 after purchasing an additional 49 shares during the period. Finally, Drystone LLC increased its stake in Adobe by 0.5% in the 2nd quarter. Drystone LLC now owns 10,420 shares of the software company’s stock valued at $2,136,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Trading Up 0.9%

Shares of NASDAQ:ADBE opened at $250.23 on Friday. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $362.71. The business’s fifty day simple moving average is $254.37 and its 200-day simple moving average is $250.98. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $97.39 billion, a PE ratio of 13.96, a P/E/G ratio of 0.87 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.08 by $0.05. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the company 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 Buying and Selling

In related news, CEO Shantanu Narayen sold 74,500 shares of the business’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $251.56, for a total value 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. The trade was a 20.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company’s stock.

Adobe News Summary

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

Analysts Set New Price Targets

Several research analysts have issued reports on ADBE shares. BMO Capital Markets increased their price objective on Adobe from $230.00 to $270.00 and gave the stock a “market perform” rating in a research note on Friday, September 11th. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a research note on Tuesday, September 8th. Evercore set a $250.00 target price on shares of Adobe in a research report on Friday, September 11th. Mizuho set a $260.00 price target on Adobe and gave the stock a “neutral” rating in a research note on Tuesday, September 8th. Finally, BTIG Research restated a “neutral” rating on shares of Adobe in a research note on Friday, September 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, Adobe has an average rating of “Hold” and a consensus target price of $283.90.

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.