StoneRidge PMG Advisors LLC Buys New Position in Adobe Inc. $ADBE

StoneRidge PMG Advisors LLC purchased a new position in Adobe Inc. (NASDAQ:ADBE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 4,875 shares of the software company’s stock, valued at approximately $1,170,000. Adobe makes up approximately 0.8% of StoneRidge PMG Advisors LLC’s holdings, making the stock its 26th largest holding.

Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. bought a new position in Adobe in the second quarter valued at $8,437,821,000. Arrowstreet Capital Limited Partnership raised its position in Adobe by 9.1% during the first 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 in the last quarter. Amundi raised its position in Adobe by 1.1% during the first 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 in the last quarter. Primecap Management Co. CA bought a new stake in Adobe during the second quarter worth about $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Adobe by 0.4% during the second 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 during the last quarter. Institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of research reports. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a report on Tuesday, September 8th. Wells Fargo & Company lowered Adobe from an “overweight” rating to an “underweight” rating and reduced their price objective for the company from $270.00 to $225.00 in a research report on Monday, October 12th. BMO Capital Markets raised their price objective on Adobe from $230.00 to $270.00 and gave the company a “market perform” rating in a report on Friday, September 11th. Bank of America boosted their target price on Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 19th. Finally, HSBC downgraded Adobe from a “buy” rating to a “hold” rating and dropped their target price for the stock from $310.00 to $267.00 in a research report on Tuesday, October 13th. Nine research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $282.52.

Insiders Place Their Bets

In related news, CEO Shantanu Narayen sold 50,500 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 238,724 shares in the company, valued at $59,578,348.68. This trade represents a 17.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Adobe Stock Performance

Adobe stock opened at $239.30 on Monday. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $93.14 billion, a PE ratio of 13.35, a P/E/G ratio of 0.83 and a beta of 1.37. The firm has a fifty day simple moving average of $251.24 and a two-hundred day simple moving average of $249.62. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $362.71.

Adobe (NASDAQ:ADBE) last posted its quarterly 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 business 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 company’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior 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. Research analysts expect that Adobe Inc. will post 20.01 EPS for the current year.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is bringing its CX Enterprise Coworker marketing agent to ChatGPT, Claude, Gemini, Microsoft Copilot and other platforms. The move could extend Adobe’s reach and help it compete as businesses adopt AI tools. Adobe brings CX Enterprise Coworker to major AI platforms
• Neutral Sentiment: Adobe is adjusting its strategy in response to AI-related risks. The strategic shift may help it adapt, though the articles do not establish whether it will translate into stronger growth or results. Adobe Stock: Buy or Sell?
• Negative Sentiment: Citi downgraded Adobe to Sell and set a $207 price target, citing the risk of a “hard reset” and a weaker fiscal 2027 outlook. The downgrade adds to concerns about Adobe’s growth trajectory; a related report says the stock is down 29% in 2026. Adobe Is Down 29% This Year. Time to Sell or Buy More?

Adobe Profile

Adobe Inc develops software and services for creating, managing and delivering digital content. Its products serve creative professionals, businesses, marketers and individual users around the world.

Adobe’s Digital Media offerings include Creative Cloud applications such as Photoshop, Illustrator, Premiere Pro and InDesign, along with Acrobat tools for creating, editing and signing PDF documents. The company also provides generative AI capabilities through Adobe Firefly and related features in its creative products.

Through its Digital Experience business, Adobe provides tools for managing digital marketing, customer experiences, analytics and commerce.