Adobe Inc. $ADBE Stock Bought by Ethic Inc.

Key Points

• Ethic Inc. increased its Adobe stake by 21% in the third quarter, adding 8,970 shares to bring its holdings to 51,659 shares, valued at about $12.4 million.
• Other institutional investors also reported purchases, and institutions and hedge funds collectively own 81.79% of Adobe’s shares.
• Adobe’s outlook is mixed: it beat quarterly earnings and revenue estimates, while analysts overall rate the stock “Hold” and Citi recently downgraded it to “Sell,” citing growth concerns.

Ethic Inc. boosted its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 21.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,659 shares of the software company's stock after purchasing an additional 8,970 shares during the period. Ethic Inc.'s holdings in Adobe were worth $12,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Investment Research & Advisory Group Inc. raised its position in Adobe by 185.7% during the 3rd quarter. Investment Research & Advisory Group Inc. now owns 100 shares of the software company's stock worth $25,000 after purchasing an additional 65 shares during the last quarter. Security National Bank of Sioux City Iowa IA acquired a new position in Adobe during the 2nd quarter worth about $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Adobe in the 2nd quarter valued at about $28,000. Latitude Advisors LLC bought a new stake in shares of Adobe in the 3rd quarter valued at about $29,000. Finally, North Point Portfolio Managers Corp OH bought a new stake in shares of Adobe in the 3rd quarter valued at about $30,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is bringing its CX Enterprise Coworker marketing agent to ChatGPT, Claude, Gemini, Microsoft Copilot and other platforms. The move could extend Adobe’s reach and help it compete as businesses adopt AI tools. Adobe brings CX Enterprise Coworker to major AI platforms
• Neutral Sentiment: Adobe is adjusting its strategy in response to AI-related risks. The strategic shift may help it adapt, though the articles do not establish whether it will translate into stronger growth or results. Adobe Stock: Buy or Sell?
• Negative Sentiment: Citi downgraded Adobe to Sell and set a $207 price target, citing the risk of a “hard reset” and a weaker fiscal 2027 outlook. The downgrade adds to concerns about Adobe’s growth trajectory; a related report says the stock is down 29% in 2026. Adobe Is Down 29% This Year. Time to Sell or Buy More?

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 74,500 shares of the business's stock in a transaction dated Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total value of $18,741,220.00. Following the transaction, the chief executive officer directly owned 289,224 shares of the company's stock, valued at $72,757,189.44. The trade was a 20.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on Adobe from $250.00 to $295.00 and gave the company an "equal weight" rating in a research note on Thursday, September 3rd. HSBC lowered Adobe from a "buy" rating to a "hold" rating and cut their price objective for the stock from $310.00 to $267.00 in a research note on Tuesday, October 13th. Weiss Ratings upgraded Adobe from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, September 1st. The Goldman Sachs Group upped their target price on Adobe from $190.00 to $200.00 and gave the company a "sell" rating in a report on Monday, September 14th. Finally, Bank of America increased their target price on shares of Adobe from $190.00 to $220.00 and gave the company an "underperform" rating in a research report on Wednesday, August 19th. Nine analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have issued a Sell rating to the company. According to MarketBeat, Adobe has an average rating of "Hold" and a consensus target price of $282.52.

Adobe Price Performance

ADBE stock opened at $239.30 on Monday. The firm has a market cap of $93.14 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.83 and a beta of 1.37. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $362.71. The company's fifty day simple moving average is $251.24 and its 200 day simple moving average is $249.62.

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

Adobe Company Profile

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.

Through its Digital Experience business, Adobe provides tools for managing digital marketing, customer experiences, analytics and commerce.

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