Adobe Inc. $ADBE Stock: Russell Investments Group Ltd. Reduces Holdings

Russell Investments Group Ltd. trimmed its stake in Adobe Inc. (NASDAQ:ADBE) by 26.7% in the third quarter, Holdings Channel.com reports. The firm owned 866,586 shares of the software company’s stock after selling 316,158 shares during the quarter. Russell Investments Group Ltd.’s holdings in Adobe were worth $207,458,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. BlackRock Inc. purchased a new position in Adobe during the second quarter valued at approximately $8,437,821,000. Arrowstreet Capital Limited Partnership lifted its position in Adobe by 9.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock worth $1,651,066,000 after buying an additional 563,772 shares in the last quarter. Amundi lifted its position in Adobe by 11.0% in the 2nd quarter. Amundi now owns 5,242,464 shares of the software company’s stock worth $1,074,810,000 after buying an additional 518,362 shares in the last quarter. Primecap Management Co. CA purchased a new stake in Adobe in the 2nd quarter worth approximately $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Adobe by 0.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,045,547 shares of the software company’s stock valued at $1,034,438,000 after buying an additional 18,995 shares during the period. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Top Adobe Stories

These are some of the ADBE stories that stood out recently:

• Positive Sentiment: A multiyear Disney partnership will develop AI tools for use across its businesses, while Adobe is also opening Creative Cloud apps to outside AI assistants. These initiatives could create new use cases and strengthen Adobe’s position in AI-powered creative software. Disney expands Adobe AI partnership Adobe opens Creative Cloud apps to third-party AI assistants
• Neutral Sentiment: Adobe showcased experimental AI features, including agent-driven editing and new video and image tools. The announcements demonstrate product innovation, but the coverage does not establish when these features will generate meaningful revenue. Adobe’s AI experiments
• Negative Sentiment: Citi’s “hard reset” concerns point to investor uncertainty about how quickly opening flagship apps to external agents will pay off. Other coverage says Adobe is down about 31% this year and notes recent price-target cuts, adding pressure despite the product news. Citi flags a hard reset Adobe is down about 31% this year

Adobe Stock Performance

ADBE opened at $238.54 on Friday. The company has a market cap of $92.84 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The stock has a 50-day moving average of $247.24 and a 200-day moving average of $248.37. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $362.71. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77.

Adobe (NASDAQ:ADBE) last issued 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 the consensus estimate of $6.69 billion. During the same period last year, the business earned $5.31 EPS. The firm’s 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. As a group, equities research analysts forecast that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Insider Transactions at Adobe

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was 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 in the company, valued at $59,578,348.68. This trade represents a 17.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $315.00 price target on shares of Adobe in a report on Wednesday. Piper Sandler increased their price objective on Adobe from $240.00 to $250.00 and gave the stock a “neutral” rating in a report on Friday, September 11th. JPMorgan Chase & Co. cut their price objective on Adobe from $340.00 to $315.00 and set an “overweight” rating for the company in a report on Friday, September 11th. TD Cowen reissued a “hold” rating and set a $245.00 price objective on shares of Adobe in a research report on Wednesday, September 9th. Finally, Evercore set a $250.00 target price on Adobe in a research note on Friday, September 11th. Nine equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and eight have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $282.52.

About Adobe

Adobe Inc. develops software and services for creating, managing and delivering digital content. Its products serve creative professionals, businesses, marketers and individual users around the world. Adobe’s Digital Media offerings include Creative Cloud applications such as Photoshop, Illustrator, Premiere Pro and InDesign, along with Acrobat tools for creating, editing and signing PDF documents. The company also provides generative AI capabilities through Adobe Firefly and related features in its creative products.