3,215 Adobe Inc. $ADBE Shares Sold by Profund Advisors LLC

Profund Advisors LLC cut its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,310 shares of the software company’s stock after selling 3,215 shares during the period. Profund Advisors LLC’s holdings in Adobe were worth $7,273,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in Adobe during the 2nd quarter worth approximately $8,437,821,000. Primecap Management Co. CA acquired a new stake in shares of Adobe in the second quarter valued at $1,071,668,000. Bank of New York Mellon Corp acquired a new position in shares of Adobe during the 2nd quarter worth about $954,468,000. Deutsche Bank AG purchased a new position in Adobe during the 2nd quarter worth $750,203,000. Finally, Legal & General Group Plc acquired a new position in shares of Adobe during the 2nd quarter worth $653,307,000. Institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of Adobe stock in a transaction dated Thursday, September 17th. The stock was 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 directly owned 238,724 shares of the company’s stock, valued at $59,578,348.68. The trade was a 17.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the subject of a number of research reports. Jefferies Financial Group decreased their price target on shares of Adobe from $285.00 to $275.00 and set a “hold” rating for the company in a research report on Friday, September 11th. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a research note on Tuesday, September 8th. Mizuho set a $260.00 target price on shares of Adobe and gave the company a “neutral” rating in a research note on Tuesday, September 8th. Barclays lifted their price objective on shares of Adobe from $250.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 3rd. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $315.00 target price on shares of Adobe in a report on Friday, September 11th. Nine equities 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’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $283.90.

Key Stories Impacting 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 ADBE stock opened at $250.23 on Friday. The stock has a fifty day moving average of $254.37 and a 200 day moving average of $250.98. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $362.71. The firm has a market capitalization of $97.39 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.87 and a beta of 1.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.08 by $0.05. The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business posted $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. As a group, research analysts expect that Adobe Inc. will post 20.01 earnings per share for the current year.

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.