Adobe Inc. $ADBE Stock Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC grew its holdings in Adobe Inc. (NASDAQ:ADBE) by 64.5% in the 3rd quarter, Holdings Channel reports. The fund owned 6,661 shares of the software company’s stock after purchasing an additional 2,611 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Adobe were worth $1,598,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Adobe during the 2nd quarter valued at about $8,437,821,000. Arrowstreet Capital Limited Partnership grew its position 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 purchasing an additional 563,772 shares during the period. Amundi grew its position 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 purchasing an additional 53,424 shares during the period. Primecap Management Co. CA bought a new stake in Adobe during the 2nd quarter worth approximately $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Adobe by 0.4% during 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 purchasing an additional 18,995 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Stock Performance

ADBE opened at $245.20 on Friday. The company has a market capitalization of $95.43 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 0.85 and a beta of 1.42. The business’s 50-day moving average price is $256.57 and its two-hundred day moving average price is $242.97. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $363.70. 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 (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, topping the consensus estimate of $6.08 by $0.05. The company had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. Adobe’s revenue for the quarter 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. Equities analysts expect that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $249.57, for a total value of $12,603,285.00. Following the sale, the chief executive officer owned 238,724 shares of the company’s stock, valued at approximately $59,578,348.68. This trade represents a 17.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. The trade was a 9.81% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 125,416 shares of company stock worth $31,454,466. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on ADBE shares. Mizuho set a $260.00 target price on shares of Adobe and gave the stock a “neutral” rating in a report on Tuesday, September 8th. The Goldman Sachs Group lifted their price target 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. Royal Bank Of Canada reiterated an “outperform” rating and issued a $315.00 price target on shares of Adobe in a report on Friday, September 11th. Stifel Nicolaus increased their price objective on shares of Adobe from $200.00 to $225.00 and gave the stock a “hold” rating in a research report on Wednesday, September 9th. Finally, UBS Group increased their price objective on shares of Adobe from $225.00 to $255.00 and gave the stock a “neutral” rating in a research report on Friday, September 11th. Nine investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $283.90.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe and NVIDIA expanded their partnership to optimize Photoshop, Premiere, Substance 3D, Frame.io and Brand Concierge. The companies say the collaboration could make AI-powered creative workflows run up to twice as fast, strengthening Adobe’s ability to monetize agentic creation and enterprise AI adoption. Adobe and NVIDIA Expand Collaboration to Speed Agentic Creation
• Positive Sentiment: Adobe’s substantial free-cash-flow generation is attracting attention. Free cash flow over the past year equaled roughly 11.1% of its market value, supporting the view that the stock may be undervalued if the company can maintain its recurring-revenue model and profitability. Should You Buy Adobe Stock For Its Cash?
• Neutral Sentiment: The NVIDIA relationship is part of a broader wave of collaborations integrating NVIDIA chips, models and software into customer workflows. This improves Adobe’s AI infrastructure and distribution potential, but investors still need evidence that these initiatives will translate into sustained revenue growth.
• Negative Sentiment: Wall Street’s bearish stance is intensifying, with analysts increasingly questioning whether cheaper AI alternatives could replace or pressure Adobe’s creative software subscriptions. Recent price targets include several levels below the stock’s recent trading range. Adobe Stock: Wall Street’s Bearish Sentiment Is Only Getting Worse
• Negative Sentiment: Reports that AI tools can produce free copies or substitutes for Adobe functionality are reinforcing “SaaSpocalypse” concerns. In addition, reported insider activity showed selling rather than buying, adding to investor caution about the stock’s outlook. AI Can Make Free Copies of Adobe Software

Adobe Company 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.