Adobe Inc. $ADBE Shares Bought by Wright Investors Service Inc.

Key Points

• Wright Investors Service increased its stake in Adobe by 114.4% in Q3, buying an additional 5,293 shares to hold 9,919 shares worth about $3.499 million, roughly 1.0% of its portfolio and its 29th largest position.
• Several large institutions also added or expanded positions — notably Norges Bank bought a new stake (~$2.03 billion) and Invesco, Arrowstreet, Assenagon and Charles Schwab materially boosted holdings — leaving institutional investors with about 81.79% of Adobe stock.
• Wall Street’s consensus is a "Hold" with an average price target of $402.85 after recent mixed downgrades, while Adobe recently beat quarterly EPS and revenue and set FY2026 EPS guidance of 23.30–23.50.

Wright Investors Service Inc. raised its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 114.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,919 shares of the software company's stock after buying an additional 5,293 shares during the quarter. Adobe makes up approximately 1.0% of Wright Investors Service Inc.'s investment portfolio, making the stock its 29th largest position. Wright Investors Service Inc.'s holdings in Adobe were worth $3,499,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ADBE. Norges Bank purchased a new stake in shares of Adobe in the second quarter valued at about $2,029,950,000. Invesco Ltd. boosted its holdings in Adobe by 16.1% in the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company's stock valued at $1,705,043,000 after purchasing an additional 610,215 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Adobe by 17.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company's stock valued at $1,417,587,000 after purchasing an additional 548,903 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Adobe by 308.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company's stock valued at $1,202,979,000 after buying an additional 2,347,562 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Adobe by 0.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,922,630 shares of the software company's stock worth $1,130,707,000 after buying an additional 24,333 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ADBE. UBS Group set a $487.00 price objective on Adobe in a research report on Sunday, December 14th. Barclays reaffirmed an "overweight" rating and issued a $415.00 price target on shares of Adobe in a research note on Friday, December 5th. Jefferies Financial Group downgraded Adobe from a "buy" rating to a "hold" rating and cut their price objective for the stock from $500.00 to $400.00 in a research report on Monday, January 5th. Oppenheimer lowered shares of Adobe from an "outperform" rating to a "market perform" rating in a report on Tuesday. Finally, Mizuho decreased their target price on shares of Adobe from $410.00 to $390.00 and set an "outperform" rating on the stock in a research report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $402.85.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of the firm's stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer owned 3,426 shares of the company's stock, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.16% of the stock is owned by corporate insiders.

Adobe Stock Performance

Shares of Adobe stock opened at $304.09 on Friday. The stock has a market capitalization of $127.29 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02. The business has a 50-day moving average of $335.36 and a 200 day moving average of $348.11. Adobe Inc. has a 12 month low of $301.40 and a 12 month high of $465.70.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion for the quarter, compared to analysts' expectations of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business's quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, sell-side analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Adobe Company 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.

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