Legal & General Group Plc Increases Adobe Inc. Stake

Institutional investor boosts ownership in software company

Published on Mar. 10, 2026

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Legal & General Group Plc, a major institutional investor, increased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 1.6% during the 3rd quarter. The fund now owns 3,142,035 shares of the software company's stock, valued at over $1.1 billion.

Why it matters

The increase in Legal & General's Adobe holdings signals continued institutional confidence in the software company's long-term prospects, even as the stock has faced some recent market volatility. Adobe's transition to cloud-based and AI-driven products has been a key focus for investors.

The details

According to a recent SEC filing, Legal & General Group Plc purchased an additional 48,578 shares of Adobe during the 3rd quarter, bringing its total stake in the company to 3,142,035 shares. This represents approximately 0.75% of Adobe's total outstanding shares.

  • Legal & General Group Plc increased its Adobe stake during the 3rd quarter of 2026.

The players

Legal & General Group Plc

A major global investment management firm headquartered in the United Kingdom.

Adobe Inc.

A multinational computer software company that specializes in creative, marketing and document management solutions.

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The takeaway

The increase in Legal & General's Adobe stake suggests that large institutional investors remain bullish on the software company's long-term prospects, even as the stock has faced some short-term volatility. Adobe's transition to cloud-based and AI-driven products appears to be resonating with major shareholders.