Adobe Inc. $ADBE Shares Purchased by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its Adobe stake by 13.2% in the second quarter, acquiring 8,876 additional shares for a total holding of 76,352 shares valued at $15.65 million. Institutional investors collectively own 81.79% of Adobe.
• Adobe reported quarterly revenue of $6.76 billion and EPS of $6.13, both exceeding analyst expectations, with revenue up 12.9% year over year. The company also issued Q4 fiscal 2026 EPS guidance of $6.30–$6.35.
• Despite Adobe’s AI expansion through the Topaz Labs acquisition and enterprise partnerships, analysts maintain a generally cautious stance: the stock carries a consensus “Hold” rating, while insider selling and concerns about its relative stock performance continue to weigh on sentiment.

QRG Capital Management Inc. increased its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 13.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 76,352 shares of the software company's stock after acquiring an additional 8,876 shares during the quarter. QRG Capital Management Inc.'s holdings in Adobe were worth $15,654,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ADBE. BlackRock Inc. acquired a new position in Adobe during the second quarter worth about $8,437,821,000. Johnson Financial Group Inc. acquired a new position in Adobe in the 2nd quarter valued at about $2,289,000. Biondo Investment Advisors LLC acquired a new position in Adobe in the 2nd quarter valued at about $2,647,000. Summit Global Investments purchased a new stake in shares of Adobe in the 2nd quarter valued at approximately $1,401,000. Finally, Silver Heights Capital Management Inc acquired a new stake in shares of Adobe during the 4th quarter worth approximately $34,242,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Topaz Labs acquisition expands Adobe’s AI imaging capabilities. Adobe has officially completed its purchase of Topaz Labs, bringing advanced image upscaling, sharpening and noise-reduction tools into its portfolio. The deal could strengthen Adobe’s position in AI-powered creative software and lead to new product integrations. It’s official: Adobe now owns Topaz Labs
• Positive Sentiment: Jet2 partnership highlights Adobe’s enterprise AI momentum. Adobe and Jet2 announced a multiyear partnership to deliver personalized, agentic AI-powered experiences to millions of travelers. The agreement supports Adobe’s strategy of using its customer-experience platform to win large enterprise accounts amid rising demand for AI-driven marketing tools. Adobe and Jet2 Partner to Deliver Agentic AI-Powered Personalised Experiences
• Positive Sentiment: Premiere’s free Android launch broadens Adobe’s user funnel. The full-featured Adobe Premiere mobile video editor is now available for Android, giving Adobe access to a much larger mobile audience. While monetization may take time, free users could eventually become subscribers or customers for other Adobe products. Adobe Premiere is finally available for Android
• Neutral Sentiment: A possible frontier-AI slowdown could redirect investor interest toward established software companies. Analysts suggest that a moderation in capital-intensive AI spending could benefit profitable software and technology platforms relative to chipmakers. This may support Adobe’s relative appeal, although it does not directly change its earnings outlook. Frontier AI Slowdown: Stocks and ETFs to Watch
• Negative Sentiment: Relative-performance concerns remain. A market power ranking placed $17 billion Dynatrace well ahead of Adobe, underscoring investor concerns that Adobe’s stock has lagged software peers despite its larger scale. Dynatrace beats Adobe by 44 spots in power ranking
• Negative Sentiment: The stock remains pressured by a prolonged decline. Adobe is trading well below its 52-week high and below its 50-day moving average, while commentary points to a steep year-to-date drop. Investors remain uncertain whether AI features will translate into faster growth and renewed valuation expansion.

Wall Street Analyst Weigh In

ADBE has been the topic of a number of recent analyst reports. UBS Group upped their price objective on Adobe from $225.00 to $255.00 and gave the company a "neutral" rating in a report on Friday, September 11th. Piper Sandler upped their price target on Adobe from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, September 11th. BMO Capital Markets raised their price objective on Adobe from $230.00 to $270.00 and gave the stock a "market perform" rating in a research report on Friday, September 11th. BTIG Research restated a "neutral" rating on shares of Adobe in a report on Friday, September 11th. Finally, KeyCorp decreased their target price on shares of Adobe from $235.00 to $195.00 and set an "underweight" rating on the stock in a research report on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Adobe has an average rating of "Hold" and an average price target of $282.68.

Insider Activity

In related news, CAO Jillian Forusz sold 416 shares of the company's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the sale, the chief accounting officer directly owned 3,824 shares of the company's stock, valued at $1,010,797.92. This represents a 9.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Shantanu Narayen sold 74,500 shares of the company's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $251.56, for a total value of $18,741,220.00. Following the completion of the sale, the chief executive officer directly owned 289,224 shares of the company's stock, valued at approximately $72,757,189.44. This trade represents a 20.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 125,416 shares of company stock worth $31,454,466. Corporate insiders own 0.20% of the company's stock.

Adobe Stock Up 1.0%

Shares of NASDAQ ADBE opened at $240.69 on Thursday. The stock has a market cap of $95.67 billion, a P/E ratio of 13.43, a PEG ratio of 0.83 and a beta of 1.42. The business's fifty day simple moving average is $257.97 and its 200-day simple moving average is $244.80. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $363.70. The company has a current ratio of 0.77, a quick ratio of 0.75 and a debt-to-equity ratio of 0.41.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.08 by $0.05. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%.Adobe's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $5.31 EPS. 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 analysts predict that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Adobe Company Profile

Adobe Inc NASDAQ: ADBE develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe's Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.

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