Artemis Investment Management LLP Makes New $13.20 Million Investment in Adobe Inc. $ADBE

Key Points

• Artemis Investment Management acquired 55,014 Adobe shares worth approximately $13.2 million, while institutional investors collectively own 81.79% of the company.
• Analysts maintain a consensus “Hold” rating with an average price target of $282.68, despite targets ranging from $220 to $315.
• Adobe exceeded quarterly earnings and revenue expectations, reporting $6.13 EPS and $6.76 billion in revenue, while insiders sold more than 125,000 shares worth approximately $31.5 million over the past three months.

Artemis Investment Management LLP acquired a new position in Adobe Inc. (NASDAQ:ADBE - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 55,014 shares of the software company's stock, valued at approximately $13,200,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meridian Management Co. boosted its holdings in shares of Adobe by 0.3% in the first quarter. Meridian Management Co. now owns 15,241 shares of the software company's stock worth $3,705,000 after buying an additional 44 shares during the period. Brown Shipley& Co Ltd grew its stake in shares of Adobe by 28.8% in the 1st quarter. Brown Shipley& Co Ltd now owns 197 shares of the software company's stock valued at $48,000 after buying an additional 44 shares in the last quarter. United Bank increased its stake in shares of Adobe by 1.4% during the 1st quarter. United Bank now owns 3,658 shares of the software company's stock worth $889,000 after purchasing an additional 49 shares during the last quarter. Drystone LLC increased its position in Adobe by 0.5% during the second quarter. Drystone LLC now owns 10,420 shares of the software company's stock worth $2,136,000 after buying an additional 50 shares during the last quarter. Finally, Howe & Rusling Inc. increased its holdings in shares of Adobe by 1.3% during the 4th quarter. Howe & Rusling Inc. now owns 4,058 shares of the software company's stock valued at $1,420,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 81.79% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ADBE shares. Evercore set a $250.00 target price on shares of Adobe in a research report on Friday, September 11th. Stifel Nicolaus raised their target price on Adobe from $200.00 to $225.00 and gave the stock a "hold" rating in a research report on Wednesday, September 9th. Bank of America upped their price objective on shares of Adobe from $190.00 to $220.00 and gave the stock an "underperform" rating in a research note on Wednesday, August 19th. UBS Group increased their target price on Adobe from $225.00 to $255.00 and gave the stock a "neutral" rating in a report on Friday, September 11th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Adobe from $340.00 to $315.00 and set an "overweight" rating for the company in a research report on Friday, September 11th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $282.68.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $241.05 on Friday. The business's 50 day moving average price is $258.36 and its two-hundred day moving average price is $242.88. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $363.70. The company has a market cap of $93.82 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 0.81 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.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly 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 return on equity of 65.65% and a net margin of 28.05%.The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. During the same period in the previous year, the company posted $5.31 EPS. The firm's quarterly revenue was up 12.9% on a year-over-year basis. 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 predict that Adobe Inc. will post 20.01 EPS for the current year.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Oversold rebound: Adobe’s recent selloff attracted dip-buying, suggesting some investors view the stock’s depressed valuation as an opportunity for recovery. What's Going On With Adobe Stock Thursday?
• Positive Sentiment: New NHL partnership: Adobe became the National Hockey League’s official Creative, Marketing and AI Partner, giving its Creative Cloud, customer-experience tools and Firefly AI products broader exposure to the league’s global audience. Adobe Joins the NHL
• Positive Sentiment: Solid financial profile: Recent results showed double-digit revenue growth, strong profitability and cash generation. Some investors argue Adobe’s valuation may already reflect substantial concern about AI competition. Adobe: AI Doesn't Have To Lose For The Stock To Win

Insider Activity at Adobe

In other news, 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 transaction of $18,741,220.00. Following the transaction, the chief executive officer owned 289,224 shares in the company, valued at approximately $72,757,189.44. This represents a 20.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jillian Forusz sold 416 shares of the firm's stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the transaction, the chief accounting officer directly owned 3,824 shares in the company, valued at $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 125,416 shares of company stock worth $31,454,466. Insiders own 0.20% of the company's stock.

Adobe Profile

Adobe Inc NASDAQ: ADBE is a global software company that develops tools for creating, managing, delivering and analyzing digital content. Its products serve creative professionals, marketers, enterprises, students and individual consumers across a broad range of industries and geographies.

Adobe's Creative Cloud portfolio includes applications such as Photoshop, Illustrator, Premiere Pro, InDesign and Adobe Express for graphic design, photography, video, illustration and digital content creation.

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