Adobe Inc. $ADBE Position Raised by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. raised its position in Adobe Inc. (NASDAQ:ADBE) by 9.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 503,478 shares of the software company’s stock after acquiring an additional 43,580 shares during the period. Adobe comprises 1.5% of Letko Brosseau & Associates Inc.’s portfolio, making the stock its 23rd biggest position. Letko Brosseau & Associates Inc. owned about 0.13% of Adobe worth $120,805,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Investment Research & Advisory Group Inc. raised its holdings in shares of Adobe by 185.7% in the third quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock valued at $25,000 after purchasing an additional 65 shares during the last quarter. Dunhill Financial LLC bought a new stake in shares of Adobe in the second quarter worth $95,000. Latitude Advisors LLC bought a new stake in shares of Adobe in the third quarter worth $29,000. North Point Portfolio Managers Corp OH acquired a new position in Adobe during the third quarter worth $30,000. Finally, Bullock Wealth Management Group boosted its holdings in Adobe by 468.2% during 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 and hedge funds own 81.79% of the company’s stock.

Adobe Trading Up 0.4%

Adobe stock opened at $238.54 on Friday. The stock has a 50-day simple moving average of $247.24 and a 200 day simple moving average of $248.37. The stock has a market capitalization of $92.84 billion, a P/E ratio of 13.31, a PEG ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $362.71.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data 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 firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company 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 expect that Adobe Inc. will post 20.01 earnings per share for the current year.

More Adobe News

These are some of the ADBE news items that stood out recently:

• Positive Sentiment: A multiyear Disney partnership will develop AI tools for use across its businesses, while Adobe is also opening Creative Cloud apps to outside AI assistants. These initiatives could create new use cases and strengthen Adobe’s position in AI-powered creative software. Disney expands Adobe AI partnership Adobe opens Creative Cloud apps to third-party AI assistants
• Neutral Sentiment: Adobe showcased experimental AI features, including agent-driven editing and new video and image tools. The announcements demonstrate product innovation, but the coverage does not establish when these features will generate meaningful revenue. Adobe’s AI experiments
• Negative Sentiment: Citi’s “hard reset” concerns point to investor uncertainty about how quickly opening flagship apps to external agents will pay off. Other coverage says Adobe is down about 31% this year and notes recent price-target cuts, adding pressure despite the product news. Citi flags a hard reset Adobe is down about 31% this year

Insider Activity at Adobe

In related news, CEO Shantanu Narayen sold 74,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 289,224 shares of the company’s stock, valued at approximately $72,757,189.44. The trade was a 20.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADBE. Wells Fargo & Company downgraded shares of Adobe from an “overweight” rating to an “underweight” rating and decreased their target price for the company from $270.00 to $225.00 in a research report on Monday, October 12th. TD Cowen reiterated a “hold” rating and issued a $245.00 price target on shares of Adobe in a research note on Wednesday, September 9th. Oppenheimer reissued a “market perform” rating on shares of Adobe in a research report on Tuesday, September 8th. BTIG Research restated a “neutral” rating on shares of Adobe in a research note on Friday, September 11th. Finally, UBS Group raised their price objective on Adobe from $225.00 to $255.00 and gave the company a “neutral” rating in a report on Friday, September 11th. Nine analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and eight have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $282.52.

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.