94,091 Adobe Inc. $ADBE Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 35.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 359,612 shares of the software company’s stock after acquiring an additional 94,091 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Adobe were worth $86,285,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ADBE. Soltis Investment Advisors LLC boosted its position in Adobe by 129.4% during the 3rd quarter. Soltis Investment Advisors LLC now owns 3,707 shares of the software company’s stock worth $889,000 after buying an additional 2,091 shares during the period. United Asset Strategies Inc. raised its stake in shares of Adobe by 20.7% during the third quarter. United Asset Strategies Inc. now owns 7,935 shares of the software company’s stock valued at $1,904,000 after acquiring an additional 1,359 shares during the last quarter. Choreo LLC raised its stake in shares of Adobe by 16.7% during the third quarter. Choreo LLC now owns 7,755 shares of the software company’s stock valued at $1,861,000 after acquiring an additional 1,109 shares during the last quarter. Interchange Capital Partners LLC lifted its holdings in shares of Adobe by 6.0% during the third quarter. Interchange Capital Partners LLC now owns 1,353 shares of the software company’s stock worth $325,000 after purchasing an additional 76 shares during the period. Finally, China Universal Asset Management Co. Ltd. lifted its holdings in shares of Adobe by 10.1% during the third quarter. China Universal Asset Management Co. Ltd. now owns 13,395 shares of the software company’s stock worth $3,123,000 after purchasing an additional 1,224 shares during the period. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Ratings Changes

ADBE has been the topic of several analyst reports. Citigroup reissued a “market perform” rating on shares of Adobe in a research note on Friday, September 11th. Barclays raised their target price on Adobe from $250.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 3rd. Weiss Ratings raised Adobe from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, September 1st. Evercore set a $250.00 price target on Adobe in a research report on Friday, September 11th. Finally, BMO Capital Markets increased their price target on Adobe from $230.00 to $270.00 and gave the company a “market perform” rating in a research note on Friday, September 11th. Nine investment analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $283.90.

Insider Activity

In related news, CEO Shantanu Narayen sold 74,500 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 289,224 shares in the company, valued at $72,757,189.44. This represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by corporate insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s partnership with Alpine aims to use AI to enhance fan engagement by 2027, providing a potential new commercial application for Adobe’s AI capabilities. The announcement appears to be supporting investor sentiment. Adobe stock gains as Alpine AI partnership targets 2027 fan engagement
• Positive Sentiment: Analyst commentary favors Adobe over Pegasystems, citing stronger revenue growth, expanding AI monetization and a lower valuation. Adobe’s established creative and document-software franchises also continue to support roughly 30% net margins. ADBE vs. PEGA: Which Enterprise Software Stock Has an Edge?
• Positive Sentiment: Adobe recently exceeded quarterly EPS and revenue expectations, while management’s full-year guidance indicates continued earnings growth. Its comparatively low valuation may attract value-oriented investors after the prolonged selloff.
• Neutral Sentiment: Adobe is scheduled to report its next quarterly results, with analysts expecting double-digit year-over-year EPS growth. The report could become the next major catalyst, particularly for evidence that AI adoption is translating into revenue. What to Expect From Adobe’s Next Quarterly Earnings Report
• Neutral Sentiment: Adobe joined other companies challenging the trading of tokenized versions of their shares on the OKX-ICE platform, arguing that unregulated products could weaken shareholder protections. The move is mainly a corporate-governance matter rather than a direct earnings catalyst. Adobe joins companies challenging tokenized stock trading
• Negative Sentiment: Adobe remains down substantially for the year as investors worry that generative-AI competitors could pressure its core creative-software business and challenge future growth. The market is therefore likely to demand tangible AI monetization in upcoming results. Adobe drops 29% year to date

Adobe Price Performance

Shares of NASDAQ ADBE opened at $250.23 on Friday. The company has a market capitalization of $97.39 billion, a PE ratio of 13.96, a P/E/G ratio of 0.87 and a beta of 1.42. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $362.71. The firm has a fifty day simple moving average of $254.37 and a 200 day simple moving average of $250.98.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, beating 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 business had revenue of $6.76 billion for the quarter, compared to analysts’ expectations of $6.69 billion. During the same quarter in the prior year, the firm posted $5.31 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. On average, sell-side analysts forecast that Adobe Inc. will post 20.01 EPS for the current year.

Adobe Company 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.