Employees Retirement System of Texas Boosts Stock Holdings in Adobe Inc. $ADBE

Employees Retirement System of Texas increased its stake in Adobe Inc. (NASDAQ:ADBE) by 73.5% during the 3rd quarter, Holdings Channel reports. The fund owned 89,675 shares of the software company’s stock after purchasing an additional 38,004 shares during the quarter. Employees Retirement System of Texas’ holdings in Adobe were worth $31,633,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Douglass Winthrop Advisors LLC raised its holdings in shares of Adobe by 56.8% in the 3rd quarter. Douglass Winthrop Advisors LLC now owns 1,570 shares of the software company’s stock valued at $554,000 after purchasing an additional 569 shares in the last quarter. Crux Wealth Advisors grew its stake in shares of Adobe by 7.3% during the third quarter. Crux Wealth Advisors now owns 1,940 shares of the software company’s stock worth $684,000 after purchasing an additional 132 shares in the last quarter. BOKF NA increased its holdings in Adobe by 6.2% in the third quarter. BOKF NA now owns 19,860 shares of the software company’s stock valued at $7,006,000 after buying an additional 1,155 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Adobe by 109.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 114,120 shares of the software company’s stock valued at $40,256,000 after buying an additional 59,754 shares during the last quarter. Finally, Atika Capital Management LLC raised its stake in Adobe by 73.5% in the third quarter. Atika Capital Management LLC now owns 38,698 shares of the software company’s stock valued at $13,651,000 after buying an additional 16,400 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Beat on Q1 EPS and revenue — Adobe reported stronger-than-expected EPS and revenue for the quarter, confirming solid top-line growth. Adobe Systems (ADBE) Q1 Earnings and Revenues Top Estimates
• Positive Sentiment: Raised FY and Q2 guidance — Adobe gave FY‑2026 EPS and revenue targets above consensus and provided Q2 EPS guidance ahead of street estimates, signaling management sees medium‑term strength. Adobe earnings / guidance details
• Neutral Sentiment: AI-driven metrics strong but early — Adobe said AI-first ARR more than tripled and subscription revenue rose, supporting strategic progress even if monetization timing is uncertain. Adobe Delivers Record Q1 Results
• Neutral Sentiment: Healthy cash flow and margins — operating cash flow and gross profit improved, which cushions near-term concerns and supports valuation over time. QuiverQuant Q1 financials summary
• Negative Sentiment: CEO Shantanu Narayen to transition — Narayen’s decision to step down once a successor is named injected leadership uncertainty; investors worry about execution through a management change at a critical AI inflection. Shantanu Narayen Announces Decision to Transition
• Negative Sentiment: Muted near-term profit signal spooks investors — despite beats, commentary and some forward commentary were interpreted as conservative on near-term profit acceleration from AI, prompting the sell-off. Adobe Plunges To 7 Year Low On CEO Resignation, Muted Forecast
• Negative Sentiment: Market skepticism and analyst moves — Adobe’s stock has underperformed YTD, some firms have trimmed targets or reiterated caution, amplifying weakness after the print. TD Cowen lowers PT on Adobe

Insider Buying and Selling at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the sale, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ADBE. Barclays lowered their price objective on Adobe from $415.00 to $335.00 and set an “overweight” rating for the company in a research report on Wednesday, March 4th. HSBC set a $302.00 target price on Adobe in a research report on Friday, February 13th. Wells Fargo & Company lowered their price target on Adobe from $420.00 to $405.00 and set an “overweight” rating for the company in a report on Monday. Morgan Stanley cut their price objective on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. Finally, TD Cowen reduced their price objective on shares of Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $375.96.

Adobe Stock Performance

Shares of ADBE opened at $269.78 on Friday. The company’s 50 day simple moving average is $285.56 and its 200-day simple moving average is $324.01. The firm has a market cap of $110.74 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.08 and a beta of 1.53. Adobe Inc. has a 12-month low of $244.28 and a 12-month high of $422.95. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the business earned $5.08 EPS. Adobe’s quarterly revenue was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, equities analysts predict that Adobe Inc. will post 16.65 EPS for the current year.

Adobe Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.