4,820 Adobe Inc. $ADBE Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 1.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 263,550 shares of the software company’s stock after selling 4,820 shares during the quarter. Ninety One UK Ltd’s holdings in Adobe were worth $63,236,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Adobe during the second quarter worth approximately $8,437,821,000. Invesco Ltd. increased its position in shares of Adobe by 6.2% in the fourth quarter. Invesco Ltd. now owns 5,119,025 shares of the software company’s stock worth $1,791,607,000 after acquiring an additional 297,337 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Adobe by 9.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock valued at $1,651,066,000 after acquiring an additional 563,772 shares during the period. Amundi raised its stake in shares of Adobe by 1.1% in the 1st quarter. Amundi now owns 4,724,102 shares of the software company’s stock valued at $1,148,335,000 after acquiring an additional 53,424 shares during the period. Finally, Primecap Management Co. CA purchased a new position in shares of Adobe in the 2nd quarter valued at $1,071,668,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Investors may be giving greater weight to Adobe’s latest results, which exceeded consensus estimates for revenue and earnings, alongside fiscal 2026 guidance calling for approximately $26.5 billion-$26.6 billion in revenue and non-GAAP EPS of roughly $24.35-$24.45. Adobe Gains as Investors Appear to Reassess Recent Selloff
• Positive Sentiment: An expanded partnership with Heathrow Airport involving agentic AI and customer-experience tools provides evidence that Adobe’s AI products are attracting large enterprise customers, supporting the case that Firefly and GenStudio can contribute to future growth. Adobe Gains as Investors Appear to Reassess Recent Selloff
• Positive Sentiment: Adobe’s high margins, strong cash-flow generation, double-digit revenue growth, and comparatively lower valuation may be encouraging dip-buying after the stock’s recent weakness. Capitalizing on Adobe’s High-Margin Platform and Free Cash Flow Generation

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Shantanu Narayen sold 50,500 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the completion of the sale, the chief executive officer owned 238,724 shares in the company, valued at approximately $59,578,348.68. This trade represents a 17.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 125,416 shares of company stock valued at $31,454,466. 0.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ADBE. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research report on Tuesday, September 8th. Sanford C. Bernstein lowered their price target on Adobe from $379.00 to $373.00 and set an “outperform” rating for the company in a report on Friday, September 11th. TD Cowen reissued a “hold” rating and issued a $245.00 price objective on shares of Adobe in a research report on Wednesday, September 9th. JPMorgan Chase & Co. cut their price objective on Adobe from $340.00 to $315.00 and set an “overweight” rating on the stock in a research report on Friday, September 11th. Finally, UBS Group boosted their price objective on Adobe from $225.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Nine investment 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, the company presently has an average rating of “Hold” and an average target price of $283.90.

Adobe Stock Up 3.9%

NASDAQ:ADBE traded up $9.45 during trading hours on Thursday, hitting $250.13. The stock had a trading volume of 3,224,310 shares, compared to its average volume of 5,702,418. The business has a 50 day simple moving average of $257.14 and a two-hundred day simple moving average of $242.83. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $363.70. 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 cap of $97.35 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 0.82 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating 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%. The business’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 earnings per share. 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 predict that Adobe Inc. will post 20.01 EPS for the current year.

Adobe Company Profile

Adobe Inc (NASDAQ: ADBE) is a global software company that develops tools for creating, managing, delivering and analyzing digital content. Its products serve creative professionals, marketers, enterprises, students and individual consumers across a broad range of industries and geographies.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, Premiere Pro, InDesign and Adobe Express for graphic design, photography, video, illustration and digital content creation.