Adobe Inc. $ADBE Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 9.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 141,298 shares of the software company’s stock after purchasing an additional 12,294 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Adobe were worth $33,903,000 as of its most recent SEC filing.

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

Adobe Stock Up 3.9%

Adobe stock opened at $256.73 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77. The business’s 50-day simple moving average is $255.91 and its two-hundred day simple moving average is $243.12. The company has a market cap of $99.92 billion, a PE ratio of 14.33, a PEG ratio of 0.86 and a beta of 1.42. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $363.70.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating analysts’ consensus estimates of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same period in the prior year, the company earned $5.31 earnings per share. The company’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. Equities analysts anticipate that Adobe Inc. will post 20.01 EPS for the current year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe may be benefiting as a relative winner in the software sector after Salesforce announced a $5.66 billion acquisition of Braze. The deal raised concerns about Salesforce’s spending and strategy, while Adobe was cited among software rivals gaining investor interest. Salesforce Retreats on Braze Deal While Adobe Gains
• Positive Sentiment: Recent coverage argues that Adobe’s stock may have fallen too far on AI fears. The company continues to beat earnings estimates and raise guidance, supporting the view that its subscription model, customer relationships and generative-AI tools could remain durable despite competitive concerns. Wall Street Has Its Eyes on Adobe
• Positive Sentiment: A broader thesis that AI infrastructure spending is still in its early stages could support Adobe and other enterprise software companies if AI adoption expands into more business functions. The article also identifies Adobe as a company facing structural questions, making successful AI monetization important. The AI Buildout Is Only 15% Complete
• Neutral Sentiment: Adobe MAX 2026 is scheduled to begin November 10. The event could provide updates on Creative Cloud, generative AI and product monetization, but its impact will depend on the announcements and their ability to address investor concerns. Adobe MAX 2026 Preparation Memo
• Neutral Sentiment: Adobe is attracting elevated attention from Zacks users, but the report mainly recaps the factors investors should monitor rather than identifying a new fundamental catalyst. Adobe Is Attracting Investor Attention
• Negative Sentiment: Wells Fargo downgraded Adobe from Overweight to Underweight, signaling concern that AI competition and potential disruption to Adobe’s creative and marketing software could limit upside. The downgrade may temper the stock’s recovery despite its lower valuation. Wells Fargo Downgrades Adobe to Underweight

Insider Buying and Selling

In related news, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $249.57, for a total value of $12,603,285.00. Following the transaction, the chief executive officer owned 238,724 shares in the company, valued at approximately $59,578,348.68. This represents a 17.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jillian Forusz sold 416 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the transaction, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 125,416 shares of company stock worth $31,454,466. 0.20% of the stock is owned by insiders.

Analyst Ratings Changes

ADBE has been the topic of several recent analyst reports. BTIG Research restated a “neutral” rating on shares of Adobe in a report on Friday, September 11th. Stifel Nicolaus lifted their target price on shares of Adobe from $200.00 to $225.00 and gave the stock a “hold” rating in a research note on Wednesday, September 9th. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Wells Fargo & Company downgraded shares of Adobe from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $270.00 to $225.00 in a research report on Monday, October 12th. Finally, Mizuho set a $260.00 price target on shares of Adobe and gave the company a “neutral” rating in a research note on Tuesday, September 8th. Nine 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $283.90.

Adobe 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.