Russell Investments Group Ltd. Sells 316,158 Shares of Adobe Inc. $ADBE

Russell Investments Group Ltd. lowered its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 26.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 866,586 shares of the software company's stock after selling 316,158 shares during the quarter. Russell Investments Group Ltd. owned 0.22% of Adobe worth $207,458,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 74,500 shares of the business's stock in a transaction on 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 sale, 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 hyperlink. Insiders own 0.20% of the company's stock.

Adobe Stock Performance

Shares of ADBE opened at $238.54 on Friday. The company has a 50-day moving average of $247.24 and a two-hundred day moving average of $248.37. The stock has a market cap of $92.84 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. Adobe Inc. has a one year low of $190.12 and a one year high of $362.71.

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 analysts' consensus estimates of $6.08 by $0.05. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The firm's revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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. On average, equities research analysts expect that Adobe Inc. will post 20.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on ADBE. Citizens Jmp reissued a "market perform" rating on shares of Adobe in a research note on Friday, September 11th. BMO Capital Markets raised their target price on shares of Adobe from $230.00 to $270.00 and gave the stock a "market perform" rating in a report on Friday, September 11th. Citigroup lowered shares of Adobe from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $250.00 to $207.00 in a research report on Wednesday, November 4th. HSBC lowered shares of Adobe from a "buy" rating to a "hold" rating and decreased their price target for the stock from $310.00 to $267.00 in a research report on Tuesday, October 13th. Finally, Weiss Ratings raised Adobe from a "sell (d)" rating to a "sell (d+)" rating in a report on Tuesday, September 1st. Nine investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $282.52.

More Adobe News

Investors following ADBE have been watching these news items:

• Positive Sentiment: A multiyear Disney partnership will develop AI tools for use across its businesses, while Adobe is also opening Creative Cloud apps to outside AI assistants. These initiatives could create new use cases and strengthen Adobe’s position in AI-powered creative software. Disney expands Adobe AI partnership Adobe opens Creative Cloud apps to third-party AI assistants
• Positive Sentiment: RBC reaffirmed its Outperform rating and set a $315 price target, implying substantial upside from the supplied $238.54 reference price. Royal Bank of Canada rating
• Neutral Sentiment: Adobe showcased experimental AI features, including agent-driven editing and new video and image tools. The announcements demonstrate product innovation, but the coverage does not establish when these features will generate meaningful revenue. Adobe’s AI experiments

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.

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