Employees Retirement System of Texas Raises Stake in Adobe Inc. $ADBE

Employees Retirement System of Texas grew its stake in Adobe Inc. (NASDAQ:ADBE) by 73.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 89,675 shares of the software company’s stock after acquiring an additional 38,004 shares during the quarter. Employees Retirement System of Texas’ holdings in Adobe were worth $31,633,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. LSV Asset Management grew its holdings in shares of Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after purchasing an additional 56 shares during the period. Caitlin John LLC purchased a new position in Adobe during the third quarter worth about $28,000. Horizon Financial Services LLC boosted its holdings in Adobe by 4,000.0% in the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock valued at $32,000 after purchasing an additional 80 shares during the last quarter. Total Investment Management Inc. purchased a new stake in shares of Adobe in the 2nd quarter valued at approximately $35,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Adobe in the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Trading Down 1.4%

Shares of NASDAQ ADBE opened at $269.78 on Friday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $110.74 billion, a PE ratio of 16.14, a PEG ratio of 1.08 and a beta of 1.53. Adobe Inc. has a twelve month low of $244.28 and a twelve month high of $422.95. The stock has a fifty day simple moving average of $285.56 and a 200-day simple moving average of $324.01.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.19. The firm had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.Adobe’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.08 EPS. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, equities analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Insider Activity

In other news, CFO Daniel Durn sold 1,646 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the transaction, the chief financial officer owned 41,995 shares of the company’s stock, valued at approximately $12,382,225.75. This trade represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ADBE shares. Barclays cut their price target on shares of Adobe from $415.00 to $335.00 and set an “overweight” rating for the company in a report on Wednesday, March 4th. HSBC set a $302.00 price objective on Adobe in a research report on Friday, February 13th. DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Adobe in a research note on Thursday, December 11th. Jefferies Financial Group reduced their target price on Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd. Finally, Mizuho lowered their price target on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $375.96.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Beat on Q1 EPS and revenue — Adobe reported stronger-than-expected EPS and revenue for the quarter, confirming solid top-line growth. Adobe Systems (ADBE) Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Raised FY and Q2 guidance — Adobe gave FY‑2026 EPS and revenue targets above consensus and provided Q2 EPS guidance ahead of street estimates, signaling management sees medium‑term strength. Adobe earnings / guidance details
• Neutral Sentiment: AI-driven metrics strong but early — Adobe said AI-first ARR more than tripled and subscription revenue rose, supporting strategic progress even if monetization timing is uncertain. Adobe Delivers Record Q1 Results
• Neutral Sentiment: Healthy cash flow and margins — operating cash flow and gross profit improved, which cushions near-term concerns and supports valuation over time. QuiverQuant Q1 financials summary
• Negative Sentiment: CEO Shantanu Narayen to transition — Narayen’s decision to step down once a successor is named injected leadership uncertainty; investors worry about execution through a management change at a critical AI inflection. Shantanu Narayen Announces Decision to Transition
• Negative Sentiment: Muted near-term profit signal spooks investors — despite beats, commentary and some forward commentary were interpreted as conservative on near-term profit acceleration from AI, prompting the sell-off. Adobe Plunges To 7 Year Low On CEO Resignation, Muted Forecast
• Negative Sentiment: Market skepticism and analyst moves — Adobe’s stock has underperformed YTD, some firms have trimmed targets or reiterated caution, amplifying weakness after the print. TD Cowen lowers PT on Adobe

Adobe Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.