8,443 Adobe Inc. $ADBE Shares Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. grew its position in shares of Adobe Inc. (NASDAQ:ADBE) by 8.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,828 shares of the software company’s stock after purchasing an additional 8,443 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Adobe were worth $24,676,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Adobe in the second quarter valued at $8,437,821,000. Arrowstreet Capital Limited Partnership grew its holdings in Adobe by 9.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock worth $1,651,066,000 after acquiring an additional 563,772 shares during the period. Amundi grew its holdings in Adobe by 11.0% during the 2nd quarter. Amundi now owns 5,242,464 shares of the software company’s stock worth $1,074,810,000 after acquiring an additional 518,362 shares during the period. Primecap Management Co. CA acquired a new stake in Adobe during the 2nd quarter worth about $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Adobe by 0.4% in 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 worth $1,034,438,000 after acquiring an additional 18,995 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Price Performance

ADBE stock opened at $246.14 on Wednesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. The company’s 50-day moving average is $253.29 and its 200-day moving average is $250.40. The stock has a market capitalization of $95.80 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 0.88 and a beta of 1.37. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $362.71.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, September 10th. The software company reported $6.13 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 analyst estimates of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same period in the previous 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. Equities research analysts expect that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Key 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

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 74,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total transaction of $18,741,220.00. Following the transaction, the chief executive officer directly owned 289,224 shares of the company’s stock, valued at $72,757,189.44. This represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Bank of America upped their target price on Adobe from $190.00 to $220.00 and gave the company an “underperform” rating in a research report on Wednesday, August 19th. JPMorgan Chase & Co. lowered their target price on Adobe from $340.00 to $315.00 and set an “overweight” rating for the company in a report on Friday, September 11th. UBS Group boosted their price target on Adobe from $225.00 to $255.00 and gave the company a “neutral” rating in a research note on Friday, September 11th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Finally, Oppenheimer restated a “market perform” rating on shares of Adobe in a report on Tuesday, September 8th. Nine research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $283.90.

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.