Adobe Inc. $ADBE Stock Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 3.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,003,337 shares of the software company’s stock after selling 41,209 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Adobe were worth $240,741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cyndeo Wealth Partners LLC lifted its holdings in shares of Adobe by 2.8% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 1,559 shares of the software company’s stock worth $374,000 after acquiring an additional 43 shares during the period. Meridian Management Co. grew its stake 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 valued at $3,705,000 after acquiring an additional 44 shares in the last quarter. Brown Shipley& Co Ltd boosted its stake in shares of 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 buying an additional 44 shares during the last quarter. United Bank increased its position in shares of Adobe by 1.4% in the 1st 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 last quarter. Finally, Drystone LLC increased its holdings in shares of 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 acquiring an additional 50 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Adobe

In related news, CEO Shantanu Narayen sold 74,500 shares of the stock in a transaction that occurred on 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. This trade represents a 20.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings upgraded Adobe from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, September 1st. CLSA initiated coverage on shares of Adobe in a research note on Monday, July 20th. They issued an “outperform” rating and a $300.00 price objective on the stock. UBS Group upped their target price on Adobe from $225.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, September 11th. Morgan Stanley restated an “underweight” rating on shares of Adobe in a report on Friday, September 11th. Finally, BMO Capital Markets upped their price objective on shares of Adobe from $230.00 to $270.00 and gave the company a “market perform” rating in a research note on Friday, September 11th. Nine research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $283.90.

Trending Headlines about Adobe

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

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $250.23 on Monday. The company has a market capitalization of $97.39 billion, a P/E ratio of 13.96, a price-to-earnings-growth ratio of 0.87 and a beta of 1.42. The business’s 50-day moving average price is $254.37 and its two-hundred day moving average price is $250.98. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. Adobe Inc. has a one year low of $190.12 and a one year high of $362.71.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. Adobe’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Analysts anticipate that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

About Adobe

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.