Mirae Asset Global Investments Co. Ltd. Makes New $70.94 Million Investment in Adobe Inc. $ADBE

Mirae Asset Global Investments Co. Ltd. acquired a new position in Adobe Inc. (NASDAQ:ADBE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 295,677 shares of the software company’s stock, valued at approximately $70,945,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Investment Research & Advisory Group Inc. increased its stake in Adobe by 185.7% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock worth $25,000 after purchasing an additional 65 shares during the period. Dunhill Financial LLC bought a new stake in Adobe in the second quarter valued at approximately $95,000. Latitude Advisors LLC purchased a new stake in shares of Adobe during the third quarter valued at approximately $29,000. North Point Portfolio Managers Corp OH purchased a new stake in shares of Adobe during the third quarter valued at approximately $30,000. Finally, Bullock Wealth Management Group grew its holdings in shares of Adobe by 468.2% in the third quarter. Bullock Wealth Management Group now owns 125 shares of the software company’s stock worth $30,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Insider Transactions at Adobe

In other Adobe news, CEO Shantanu Narayen sold 74,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 289,224 shares of the company’s stock, valued at approximately $72,757,189.44. This trade represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Adobe Stock Performance

Shares of ADBE opened at $250.23 on Monday. 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. The company has a 50-day simple moving average of $254.37 and a two-hundred day simple moving average of $250.98. The firm has a market capitalization of $97.39 billion, a PE ratio of 13.96, a price-to-earnings-growth 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 for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter in the prior year, the business earned $5.31 EPS. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. On average, analysts anticipate that Adobe Inc. will post 20.01 EPS for the current fiscal year.

More Adobe News

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 recently commented on ADBE shares. Mizuho set a $260.00 target price on shares of Adobe and gave the stock a “neutral” rating in a research note on Tuesday, September 8th. HSBC cut shares of Adobe from a “buy” rating to a “hold” rating and dropped their price target for the company from $310.00 to $267.00 in a research report on Tuesday, October 13th. Jefferies Financial Group cut their price target on shares of Adobe from $285.00 to $275.00 and set a “hold” rating on the stock in a report on Friday, September 11th. UBS Group boosted their price objective on shares of Adobe from $225.00 to $255.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. Finally, The Goldman Sachs Group upped their price objective on shares of Adobe from $190.00 to $200.00 and gave the company a “sell” rating in a research note on Monday, September 14th. Nine research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.