National Pension Service Increases Position in Adobe Inc. $ADBE

National Pension Service grew its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 3.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,199,301 shares of the software company’s stock after buying an additional 39,854 shares during the quarter. National Pension Service’s holdings in Adobe were worth $245,881,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADBE. SWAN Capital LLC boosted its holdings in Adobe by 43.1% during the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after acquiring an additional 31 shares during the period. Logan Capital Management Inc. grew its position in Adobe by 0.3% in the 3rd quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock valued at $3,453,000 after acquiring an additional 32 shares during the last quarter. Vista Capital Partners Inc. increased its stake in Adobe by 5.8% in the second quarter. Vista Capital Partners Inc. now owns 624 shares of the software company’s stock worth $241,000 after purchasing an additional 34 shares during the period. Murphy & Mullick Capital Management Corp lifted its position in shares of Adobe by 5.1% during the fourth quarter. Murphy & Mullick Capital Management Corp now owns 827 shares of the software company’s stock worth $289,000 after purchasing an additional 40 shares during the last quarter. Finally, Front Street Capital Management Inc. boosted its stake in shares of Adobe by 8.2% during the second quarter. Front Street Capital Management Inc. now owns 541 shares of the software company’s stock valued at $209,000 after purchasing an additional 41 shares during the period. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Stock Performance

ADBE stock opened at $248.83 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The business has a 50-day moving average price of $252.89 and a 200 day moving average price of $245.59. The company has a market capitalization of $98.91 billion, a P/E ratio of 14.24, a PEG ratio of 0.89 and a beta of 1.42. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $370.86.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same quarter in the prior year, the business earned $5.31 earnings per share. Adobe’s revenue was up 12.9% on a year-over-year basis. 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, equities research analysts forecast that Adobe Inc. will post 19.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ADBE has been the topic of a number of research analyst reports. DA Davidson cut their price target on shares of Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, June 12th. Jefferies Financial Group lifted their price objective on shares of Adobe from $230.00 to $285.00 and gave the company a “hold” rating in a report on Sunday, August 30th. Bank of America boosted their price objective on shares of Adobe from $190.00 to $220.00 and gave the company an “underperform” rating in a research report on Wednesday, August 19th. The Goldman Sachs Group dropped their target price on shares of Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research note on Friday, June 12th. Finally, Dbs Bank downgraded shares of Adobe from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and a consensus target price of $280.32.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe reported record fiscal Q3 revenue of $6.76 billion, up 12.9% year over year, while adjusted EPS of $6.13 exceeded the $6.08 consensus estimate. GAAP EPS was $4.62, and operating cash flow reached $2.52 billion. Adobe Reports Record Q3 Results
• Positive Sentiment: Management raised its fiscal 2026 outlook, calling for adjusted EPS of $24.45 to $24.50 and revenue of approximately $26.6 billion. Fourth-quarter adjusted EPS guidance of $6.30 to $6.35 is also above the $6.09 analyst consensus. Adobe Hits 1 Billion Monthly Active Users, Raises Full-Year Outlook
• Positive Sentiment: Adobe said AI-first annual recurring revenue grew more than 150% year over year, total ARR reached $27.5 billion, and monthly active users across its creativity and productivity products surpassed 1 billion. The results support management’s strategy of embedding AI into products such as Acrobat and Firefly. Adobe posts record quarter, lifts guidance as AI push pays off
• Neutral Sentiment: Adobe repurchased approximately 9.5 million shares during the quarter, which may support per-share results, although reported insider activity showed selling rather than buying by several executives.
• Negative Sentiment: Wall Street’s reaction was muted because investors wanted stronger evidence that Adobe’s AI offerings are accelerating growth. Analysts noted that, in the current environment, merely meeting or modestly exceeding estimates may not be enough. Adobe’s latest earnings leave Wall Street wanting more
• Negative Sentiment: Investors remain concerned about competition from Microsoft, Alphabet and AI-native tools, as well as the recently announced CEO transition. OpenAI’s reported restriction on advertising from competing image- and audio-generation companies, including Adobe, adds another competitive and distribution risk. OpenAI restricts rival AI ad campaigns in ChatGPT

Insider Transactions at Adobe

In related news, CAO Jillian Forusz sold 416 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Ricks bought 10,000 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was bought at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the purchase, the director directly owned 17,655 shares of the company’s stock, valued at $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is owned by company insiders.

About Adobe

Adobe Inc (NASDAQ:ADBE) develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.