5,141 Adobe Inc. $ADBE Shares Bought by Kennon Green & Company LLC

Kennon Green & Company LLC grew its position in Adobe Inc. (NASDAQ:ADBE) by 39.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 18,045 shares of the software company’s stock after purchasing an additional 5,141 shares during the period. Adobe accounts for about 3.5% of Kennon Green & Company LLC’s portfolio, making the stock its 13th largest holding. Kennon Green & Company LLC’s holdings in Adobe were worth $4,330,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Adobe during the 2nd quarter worth approximately $8,437,821,000. Arrowstreet Capital Limited Partnership grew its holdings in Adobe by 10.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,228,503 shares of the software company’s stock valued at $2,179,914,000 after buying an additional 611,358 shares in the last quarter. Invesco Ltd. increased its position in Adobe by 6.2% during the 4th quarter. Invesco Ltd. now owns 5,119,025 shares of the software company’s stock worth $1,791,607,000 after buying an additional 297,337 shares during the period. Deutsche Bank AG increased its position in Adobe by 3.9% during the 4th quarter. Deutsche Bank AG now owns 3,997,588 shares of the software company’s stock worth $1,399,116,000 after buying an additional 148,623 shares during the period. Finally, Amundi lifted its holdings in shares of Adobe by 1.1% during the first quarter. Amundi now owns 4,724,102 shares of the software company’s stock worth $1,148,335,000 after buying an additional 53,424 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

ADBE stock traded up $1.10 during midday trading on Monday, reaching $238.79. The company had a trading volume of 3,292,051 shares, compared to its average volume of 5,765,146. The company has a market capitalization of $92.94 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 0.83 and a beta of 1.42. The stock has a 50 day moving average price of $259.31 and a 200-day moving average price of $243.19. 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 announced its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The firm had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same period in the prior year, the company posted $5.31 earnings per share. The business’s revenue for the quarter 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. Equities research analysts expect that Adobe Inc. will post 20.01 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 416 shares of Adobe 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 transaction, the chief accounting officer directly 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 legal filing with the SEC, which is available through this link. Also, CEO Shantanu Narayen sold 50,500 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the transaction, the chief executive officer owned 238,724 shares of the company’s stock, valued at approximately $59,578,348.68. This represents a 17.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 125,416 shares of company stock valued at $31,454,466. 0.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ADBE. BMO Capital Markets boosted their target price on shares of Adobe from $230.00 to $270.00 and gave the company a “market perform” rating in a research report on Friday, September 11th. TD Cowen reiterated a “hold” rating and issued a $245.00 price objective on shares of Adobe in a research note on Wednesday, September 9th. Mizuho set a $260.00 price objective on shares of Adobe in a report on Tuesday, September 8th. Evercore set a $250.00 target price on shares of Adobe in a research report on Friday, September 11th. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, September 11th. Seven equities research 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 company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $282.68.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Large buyback authorization supports per-share earnings. Adobe reportedly has approximately $24.5 billion remaining for repurchases. It bought back 26.1 million shares for $6.82 billion in the first nine months through Aug. 28, reducing its diluted share count by about 7% year over year. Continued repurchases could support EPS and shareholder returns. Adobe Still Has $24.5 Billion Left for Buybacks
• Positive Sentiment: AI partnerships expand Adobe’s enterprise customer-experience opportunity. Collaborations with the NHL and Jet2 are putting Adobe’s Firefly, GenStudio and customer-experience tools into large-scale sports and travel marketing programs, providing potential validation and future growth for its AI offerings. Adobe Expanding AI CX With NHL and Jet2 Partnerships
• Positive Sentiment: Value-oriented investors may find the stock appealing. A Zacks analysis labeled Adobe a strong value stock, while the supplied metrics show a relatively modest earnings multiple and a PEG ratio below 1. These factors may provide downside support after the stock’s substantial retreat from its 52-week high. Why Adobe Is a Strong Value Stock
• Neutral Sentiment: Analysts and investors continue to focus on Adobe’s digital-media positioning, AI monetization and capital-allocation strategy, but several same-day “stocks to watch” reports added little new company-specific information. Best Digital Media Stocks Worth Watching
• Negative Sentiment: Competitive pressure and the CEO transition remain overhangs. Goldman Sachs maintained a “sell” rating as Anil Chakravarthy prepares to become CEO on Dec. 1, citing intensifying competition and new entrants in markets Adobe may want to expand into. Adobe Stock: Five Strategic Questions Into New Leadership

Adobe Company Profile

Adobe Inc (NASDAQ: ADBE) is a global software company that develops tools for creating, managing, delivering and analyzing digital content. Its products serve creative professionals, marketers, enterprises, students and individual consumers across a broad range of industries and geographies.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, Premiere Pro, InDesign and Adobe Express for graphic design, photography, video, illustration and digital content creation.