Mirae Asset Global Investments Co. Ltd. Purchases New Stake in Adobe Inc. $ADBE

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Adobe Inc. (NASDAQ:ADBE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 295,677 shares of the software company’s stock, valued at approximately $70,945,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of Adobe at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Adobe during the 2nd quarter valued at $8,437,821,000. Arrowstreet Capital Limited Partnership lifted its holdings in Adobe by 9.1% during 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 purchasing an additional 563,772 shares in the last quarter. Amundi increased its position in shares of Adobe by 11.0% during the second quarter. Amundi now owns 5,242,464 shares of the software company’s stock valued at $1,074,810,000 after buying an additional 518,362 shares during the period. Primecap Management Co. CA bought a new stake in shares of Adobe during the second quarter valued at about $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Adobe by 0.4% during the second 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 owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ADBE shares. Citizens Jmp reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday, September 11th. Sanford C. Bernstein lowered their target price on shares of Adobe from $379.00 to $373.00 and set an “outperform” rating on the stock in a research note on Friday, September 11th. The Goldman Sachs Group raised their price target on shares of Adobe from $190.00 to $200.00 and gave the company a “sell” rating in a report on Monday, September 14th. HSBC lowered shares of Adobe from a “buy” rating to a “hold” rating and reduced their price target for the company from $310.00 to $267.00 in a research report on Tuesday, October 13th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a report on Tuesday, September 8th. Nine equities 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 MarketBeat.com, Adobe has an average rating of “Hold” and a consensus price target of $283.90.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $250.23 on Monday. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $362.71. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $97.39 billion, a price-to-earnings ratio of 13.96, a PEG ratio of 0.87 and a beta of 1.42. The business has a 50-day moving average of $254.37 and a 200-day moving average of $250.98.

Adobe (NASDAQ:ADBE) last announced its earnings results 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. The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. Adobe’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm posted $5.31 earnings per share. 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 expect that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 50,500 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $249.57, for a total transaction of $12,603,285.00. Following the sale, the chief executive officer owned 238,724 shares in the company, valued at approximately $59,578,348.68. This trade represents a 17.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.20% of the company’s stock.

Key Stories Impacting 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

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.