43,580 Adobe Inc. $ADBE Shares Acquired by Letko Brosseau & Associates Inc.

Letko Brosseau & Associates Inc. boosted its stake in Adobe Inc. (NASDAQ:ADBE) by 9.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 503,478 shares of the software company’s stock after buying an additional 43,580 shares during the period. Adobe makes up 1.5% of Letko Brosseau & Associates Inc.’s portfolio, making the stock its 23rd largest holding. Letko Brosseau & Associates Inc.’s holdings in Adobe were worth $120,805,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Investment Research & Advisory Group Inc. lifted its position 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 acquiring an additional 65 shares during the last quarter. Security National Bank of Sioux City Iowa IA bought a new stake in shares of Adobe during the second quarter worth approximately $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Adobe during the second quarter worth approximately $28,000. Latitude Advisors LLC acquired a new position in shares of Adobe in the third quarter valued at approximately $29,000. Finally, North Point Portfolio Managers Corp OH acquired a new position in shares of Adobe in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ADBE. TD Cowen reiterated a “hold” rating and set a $245.00 target price on shares of Adobe in a research note on Wednesday, September 9th. The Goldman Sachs Group lifted their price target on Adobe from $190.00 to $200.00 and gave the stock a “sell” rating in a report on Monday, September 14th. Bank of America boosted their price target on Adobe from $190.00 to $220.00 and gave the company an “underperform” rating in a research note on Wednesday, August 19th. Mizuho set a $260.00 price objective on Adobe and gave the company a “neutral” rating in a report on Tuesday, September 8th. Finally, Piper Sandler upped their price objective on Adobe from $240.00 to $250.00 and gave the company a “neutral” rating in a report on Friday, September 11th. Nine investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and eight have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $282.52.

Adobe Price Performance

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

Adobe (NASDAQ:ADBE) last announced its earnings results 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. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The firm had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same quarter in the prior year, the business posted $5.31 EPS. The business’s 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. Analysts forecast that Adobe Inc. will post 20.01 EPS for the current year.

Top Adobe Stories

Investors following ADBE have been watching these stories:

• 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

Insider Buying and Selling at Adobe

In related news, CEO Shantanu Narayen sold 50,500 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 238,724 shares in the company, valued at approximately $59,578,348.68. The trade was a 17.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.20% of the company’s stock.

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.