41,209 Adobe Inc. $ADBE Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,003,337 shares of the software company’s stock after selling 41,209 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.26% of Adobe worth $240,741,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Investment Research & Advisory Group Inc. raised its holdings in shares of Adobe by 185.7% in the 3rd quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company’s stock worth $25,000 after acquiring an additional 65 shares during the last quarter. Dunhill Financial LLC bought a new position in shares of Adobe during the 2nd quarter worth $95,000. Latitude Advisors LLC purchased a new stake in shares of Adobe during the third quarter worth $29,000. North Point Portfolio Managers Corp OH bought a new stake in Adobe during the 3rd quarter worth approximately $30,000. Finally, Bullock Wealth Management Group increased its position in shares of Adobe by 468.2% in the third quarter. Bullock Wealth Management Group now owns 125 shares of the software company’s stock worth $30,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Insider Activity

In other Adobe news, CEO Shantanu Narayen sold 50,500 shares of the company’s stock in a transaction 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 directly owned 238,724 shares in the company, valued at $59,578,348.68. This represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.

Adobe Price Performance

ADBE stock opened at $250.23 on Monday. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $362.71. The stock has a market capitalization of $97.39 billion, a PE ratio of 13.96, a price-to-earnings-growth 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. The firm has a 50 day moving average of $254.37 and a 200 day moving average of $250.98.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.69 billion. During the same period in the previous year, the business posted $5.31 EPS. The business’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. Sell-side analysts forecast that Adobe Inc. will post 20.01 earnings per share for the current year.

Trending Headlines about Adobe

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

Analyst Ratings Changes

Several equities research analysts have weighed in on ADBE shares. DA Davidson increased their price target on shares of Adobe from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Monday, September 14th. CLSA started coverage on Adobe in a report on Monday, July 20th. They set an “outperform” rating and a $300.00 price target on the stock. Citigroup reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday, September 11th. TD Cowen reiterated a “hold” rating and issued a $245.00 price target on shares of Adobe in a research note on Wednesday, September 9th. Finally, Jefferies Financial Group decreased their price objective on Adobe from $285.00 to $275.00 and set a “hold” rating on the stock in a research report on Friday, September 11th. Nine equities research analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and seven have given a Sell rating to the stock. Based on data from MarketBeat.com, Adobe has a consensus rating of “Hold” and a consensus price target of $283.90.

About Adobe

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.