Adobe Inc. $ADBE Shares Newly Purchased by StoneRidge PMG Advisors LLC

StoneRidge PMG Advisors LLC acquired a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,875 shares of the software company’s stock, valued at approximately $1,170,000. Adobe comprises about 0.8% of StoneRidge PMG Advisors LLC’s portfolio, making the stock its 26th largest holding.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Adobe during the second quarter valued at approximately $8,437,821,000. Johnson Financial Group Inc. purchased a new stake in Adobe in the second quarter worth $2,289,000. Biondo Investment Advisors LLC purchased a new stake in Adobe in the second quarter worth $2,647,000. Summit Global Investments bought a new stake in Adobe in the second quarter valued at $1,401,000. Finally, First Citizens Bank & Trust Co. boosted its holdings in Adobe by 217.1% in the third quarter. First Citizens Bank & Trust Co. now owns 7,823 shares of the software company’s stock valued at $1,877,000 after acquiring an additional 5,356 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Adobe

In other news, CEO Shantanu Narayen sold 50,500 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were 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 represents a 17.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

Adobe Stock Performance

NASDAQ ADBE opened at $239.30 on Monday. The firm has a market capitalization of $93.14 billion, a PE ratio of 13.35, a P/E/G ratio of 0.83 and a beta of 1.37. The stock’s 50 day moving average is $251.24 and its 200 day moving average is $249.62. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $362.71. 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) last posted its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.08 by $0.05. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company 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. Research analysts forecast that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

More Adobe News

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?

Analysts Set New Price Targets

Several research analysts have commented on ADBE shares. Oppenheimer restated a “market perform” rating on shares of Adobe in a report on Tuesday, September 8th. Robert W. Baird raised their target price on shares of Adobe from $230.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, September 11th. Bank of America lifted their target price on shares of Adobe from $190.00 to $220.00 and gave the company an “underperform” rating in a research note on Wednesday, August 19th. Wells Fargo & Company cut shares of Adobe from an “overweight” rating to an “underweight” rating and reduced their price target for the company from $270.00 to $225.00 in a research report on Monday, October 12th. Finally, Piper Sandler increased their price target on shares of Adobe from $240.00 to $250.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Nine equities research 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, Adobe presently has an average rating of “Hold” and a consensus price target of $282.52.

Adobe 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.