ProShare Advisors LLC Acquires 8,174 Shares of Adobe Inc. $ADBE

ProShare Advisors LLC increased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 467,641 shares of the software company’s stock after purchasing an additional 8,174 shares during the period. ProShare Advisors LLC owned approximately 0.12% of Adobe worth $112,206,000 as of its most recent SEC filing.

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

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s partnership with Alpine aims to use AI to enhance fan engagement by 2027, providing a potential new commercial application for Adobe’s AI capabilities. The announcement appears to be supporting investor sentiment. Adobe stock gains as Alpine AI partnership targets 2027 fan engagement
• Positive Sentiment: Analyst commentary favors Adobe over Pegasystems, citing stronger revenue growth, expanding AI monetization and a lower valuation. Adobe’s established creative and document-software franchises also continue to support roughly 30% net margins. ADBE vs. PEGA: Which Enterprise Software Stock Has an Edge?
• Positive Sentiment: Adobe recently exceeded quarterly EPS and revenue expectations, while management’s full-year guidance indicates continued earnings growth. Its comparatively low valuation may attract value-oriented investors after the prolonged selloff.
• Neutral Sentiment: Adobe is scheduled to report its next quarterly results, with analysts expecting double-digit year-over-year EPS growth. The report could become the next major catalyst, particularly for evidence that AI adoption is translating into revenue. What to Expect From Adobe’s Next Quarterly Earnings Report
• Neutral Sentiment: Adobe joined other companies challenging the trading of tokenized versions of their shares on the OKX-ICE platform, arguing that unregulated products could weaken shareholder protections. The move is mainly a corporate-governance matter rather than a direct earnings catalyst. Adobe joins companies challenging tokenized stock trading
• Negative Sentiment: Adobe remains down substantially for the year as investors worry that generative-AI competitors could pressure its core creative-software business and challenge future growth. The market is therefore likely to demand tangible AI monetization in upcoming results. Adobe drops 29% year to date

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ADBE shares. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research note on Tuesday, September 8th. Citizens Jmp reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday, September 11th. Piper Sandler upped their price objective on Adobe from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. DA Davidson upped their price objective on shares of Adobe from $250.00 to $290.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Finally, HSBC lowered Adobe from a “buy” rating to a “hold” rating and reduced their price target for the company from $310.00 to $267.00 in a research report on Tuesday, October 13th. Nine equities research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Adobe has a consensus rating of “Hold” and an average target price of $283.90.

Adobe Trading Up 0.9%

NASDAQ ADBE opened at $250.23 on Friday. The stock’s 50-day moving average is $254.37 and its 200-day moving average is $250.98. Adobe Inc. has a one year low of $190.12 and a one year high of $362.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $97.39 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.87 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share 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 company 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 business earned $5.31 earnings per share. 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. Sell-side analysts anticipate that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Insider Buying and Selling at Adobe

In related news, CEO Shantanu Narayen sold 50,500 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $249.57, for a total value of $12,603,285.00. Following the sale, the chief executive officer directly owned 238,724 shares of the company’s stock, valued at $59,578,348.68. This trade represents a 17.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company’s stock.

About Adobe

Adobe Inc is a global software company that develops digital tools for creative professionals, businesses, marketers, and individual users. Its products help customers create, edit, publish, manage, and measure digital content across websites, mobile applications, documents, and other media.

The company’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro, and Acrobat. Adobe also offers Document Cloud, which provides tools for creating, editing, sharing, signing, and managing digital documents, and Experience Cloud, a suite of solutions for digital marketing, analytics, commerce, customer journeys, and content management.