26,956 Adobe Inc. $ADBE Shares Sold by CX Institutional

Key Points

• CX Institutional cut its Adobe stake by 51.8%, selling 26,956 shares during the third quarter and retaining 25,041 shares worth approximately $6.0 million. Institutional investors collectively own 81.79% of Adobe.
• Adobe’s latest quarterly results exceeded expectations, with adjusted earnings of $6.13 per share and revenue of $6.76 billion, up 12.9% year over year. The company issued fiscal 2026 EPS guidance of $24.45–$24.50.
• Adobe shares opened at $237.69, while analysts maintained a generally cautious stance: the stock carries a consensus “Hold” rating and an average price target of $282.68, amid uncertainty over competition and monetizing generative-AI features.

CX Institutional trimmed its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 51.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,041 shares of the software company's stock after selling 26,956 shares during the period. CX Institutional's holdings in Adobe were worth $6,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of ADBE. Sankala Group LLC bought a new position in shares of Adobe during the fourth quarter worth $31,000. Hyposwiss Advisors SA bought a new stake in shares of Adobe in the 4th quarter valued at $35,000. Abound Financial LLC bought a new stake in shares of Adobe in the 4th quarter valued at $37,000. Dunhill Financial LLC acquired a new stake in Adobe during the 2nd quarter worth $95,000. Finally, Strategic Investment Solutions Inc. IL lifted its holdings in Adobe by 555.6% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 118 shares of the software company's stock worth $41,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 81.79% of the company's stock.

Adobe Trading Down 1.5%

NASDAQ ADBE opened at $237.69 on Friday. The company has a market cap of $92.51 billion, a PE ratio of 13.26, a PEG ratio of 0.84 and a beta of 1.42. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $363.70. The stock has a 50 day moving average of $259.31 and a 200-day moving average of $243.25.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating the consensus estimate of $6.08 by $0.05. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The business had revenue of $6.76 billion during the quarter, compared to analysts' expectations of $6.69 billion. During the same period last year, the business earned $5.31 earnings per share. The firm's 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. On average, equities research analysts anticipate that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s potential acquisition of AI image- and video-enhancement company Topaz Labs could strengthen its creative tools, improve upscaling and restoration capabilities, and help defend its position against rapidly advancing generative-AI competitors. Adobe and Topaz Labs: How the Acquisition Could Change AI Photo and Video Editing
• Positive Sentiment: Adobe has exceeded earnings expectations for five consecutive quarters. Its shares also benefited recently from a broader rebound in software stocks, while the company’s high cash generation and roughly 13-times trailing earnings valuation make it appear inexpensive relative to the broader market. The Adobe Stock Debate Is About to Get Interesting Why Is Everyone Ignoring Adobe Stock's High Cash Yield?
• Positive Sentiment: Adobe’s integration of brushes and sliders into ChatGPT’s image-editing experience expands access to its editing technology and could support user engagement and future AI monetization. Adobe puts brushes and sliders inside ChatGPT's image editing
• Neutral Sentiment: Adobe Analytics expects U.S. holiday e-commerce spending to rise 6.7% to approximately $275 billion, although the forecast attributes much of the growth to heavier discounting. This supports demand for Adobe’s commerce insights but does not necessarily signal stronger retailer profitability. Adobe Forecasts US Holiday Online Sales up 6.7% on Discounting
• Negative Sentiment: TD Cowen maintained a Hold rating with a $245 price target. The analyst cited solid near-term execution but uncertainty over Adobe’s freemium strategy and its ability to convert generative-AI features into meaningful revenue, limiting enthusiasm for the stock. Adobe: Solid Near-Term Execution but Uncertain Freemium and AI Monetization Keeps Analyst at Hold
• Negative Sentiment: Bearish commentary argues that Adobe could trade sideways for an extended period because competition, slower growth and uncertain AI monetization may outweigh its attractive valuation. Adobe Could Go Nowhere For A Long Time

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 416 shares of the company's stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Shantanu Narayen sold 74,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $251.56, for a total value of $18,741,220.00. Following the completion of the sale, the chief executive officer directly owned 289,224 shares of the company's stock, valued at approximately $72,757,189.44. The trade was a 20.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 125,416 shares of company stock valued at $31,454,466 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ADBE has been the subject of a number of research analyst reports. Piper Sandler boosted their target price on Adobe from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, September 11th. Phillip Securities lowered Adobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. TD Cowen reiterated a "hold" rating and set a $245.00 price objective on shares of Adobe in a report on Wednesday, September 9th. Wells Fargo & Company boosted their price objective on Adobe from $250.00 to $270.00 and gave the company an "overweight" rating in a research report on Friday, September 11th. Finally, Jefferies Financial Group lowered their target price on Adobe from $285.00 to $275.00 and set a "hold" rating for the company in a research note on Friday, September 11th. Seven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $282.68.

Adobe Company Profile

Adobe Inc NASDAQ: ADBE is a global software company that develops tools for creating, managing, delivering and analyzing digital content. Its products serve creative professionals, marketers, enterprises, students and individual consumers across a broad range of industries and geographies.

Adobe's Creative Cloud portfolio includes applications such as Photoshop, Illustrator, Premiere Pro, InDesign and Adobe Express for graphic design, photography, video, illustration and digital content creation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.