Adobe Inc. $ADBE Shares Newly Purchased by Cacti Asset Management LLC

Key Points

• Cacti Asset Management purchased 50,562 Adobe shares during the third quarter, worth approximately $11.79 million, making Adobe its 26th-largest holding. Institutional investors collectively own 81.79% of Adobe’s stock.
• Adobe’s latest quarter exceeded expectations, with $6.13 in adjusted earnings per share and $6.76 billion in revenue, up 12.9% year over year. However, CEO Shantanu Narayen and other insiders sold a combined 125,416 shares valued at $31.45 million during the quarter.
• Analysts maintain a consensus “Hold” rating with a $282.68 price target, while investors weigh Adobe’s strong cash generation and expanding AI partnerships against slowing growth, AI-native competition and uncertainty about generative AI monetization.

Cacti Asset Management LLC purchased a new stake in Adobe Inc. (NASDAQ:ADBE - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 50,562 shares of the software company's stock, valued at approximately $11,790,000. Adobe accounts for 0.7% of Cacti Asset Management LLC's investment portfolio, making the stock its 26th biggest holding.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADBE. Sankala Group LLC bought a new stake in shares of Adobe during the fourth quarter valued at about $31,000. Hyposwiss Advisors SA acquired a new stake in shares of Adobe in the 4th quarter worth approximately $35,000. Abound Financial LLC bought a new position in shares of Adobe in the fourth quarter valued at approximately $37,000. Bruce G. Allen Investments LLC increased its stake in shares of Adobe by 1,077.8% during the fourth quarter. Bruce G. Allen Investments LLC now owns 106 shares of the software company's stock valued at $37,000 after acquiring an additional 97 shares during the period. Finally, Dunhill Financial LLC acquired a new position in shares of Adobe during the second quarter valued at approximately $95,000. 81.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 416 shares of the business's stock in a transaction 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 transaction, the chief accounting officer owned 3,824 shares of the company's stock, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Shantanu Narayen sold 74,500 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total value of $18,741,220.00. Following the sale, the chief executive officer owned 289,224 shares in the company, valued at $72,757,189.44. The trade was a 20.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 125,416 shares of company stock valued at $31,454,466. Corporate insiders own 0.20% of the company's stock.

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of research reports. Stifel Nicolaus increased their price target on Adobe from $200.00 to $225.00 and gave the company a "hold" rating in a research note on Wednesday, September 9th. Phillip Securities cut shares of Adobe from a "strong-buy" rating to a "hold" rating in a report on Monday, June 29th. Citigroup reissued a "market perform" rating on shares of Adobe in a research note on Friday, September 11th. Mizuho set a $260.00 target price on Adobe in a research report on Tuesday, September 8th. Finally, The Goldman Sachs Group reduced their target price on Adobe from $220.00 to $190.00 and set a "sell" rating for the company in a report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $282.68.

Adobe Price Performance

Shares of NASDAQ:ADBE traded up $0.46 on Thursday, hitting $240.40. The stock had a trading volume of 1,734,531 shares, compared to its average volume of 5,775,578. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $363.70. The company has a market capitalization of $93.56 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 0.81 and a beta of 1.42. The firm's 50 day moving average price is $258.48 and its 200-day moving average price is $243.35. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.77 and a current ratio of 0.77.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, topping 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 firm had revenue of $6.76 billion for the quarter, compared to analysts' expectations of $6.69 billion. During the same period in the prior year, the firm earned $5.31 earnings per share. The company's quarterly 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. On average, equities research analysts predict that Adobe Inc. will post 20.01 earnings per share for the current year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe shares increased as software stocks led a technology-market rebound. Cooler-than-expected PCE inflation data helped support expectations for a favorable interest-rate environment for growth and technology companies. Why Is Adobe Stock Surging on Wednesday?
• Positive Sentiment: Adobe is expanding its generative-AI reach by adding interactive brushes and sliders to image editing inside ChatGPT. Easier access to Adobe tools through a major AI platform could improve product discovery, engagement and monetization. Adobe puts brushes and sliders inside ChatGPT's image editing
• Positive Sentiment: A new partnership with the National Hockey League will use Adobe’s AI, creative and marketing products to support personalized fan experiences for an audience of more than 200 million followers. The deal provides a high-profile use case for Adobe’s AI platform and enterprise marketing tools. Adobe Ties Up New AI Fan Deal Reaching 200 Million Followers
• Positive Sentiment: Investors are also highlighting Adobe’s strong cash generation and high cash yield. With the shares trading at a substantially lower earnings multiple than the broader market, valuation may provide downside support if the company can stabilize growth. Why Is Everyone Ignoring Adobe Stock's High Cash Yield?
• Neutral Sentiment: Adobe’s central investment debate is whether AI will create a new growth phase. Revenue is still rising, but its roughly 12% growth rate trails several large software peers, leaving investors waiting for clearer evidence that AI products can accelerate sales. Adobe Has a Problem. It Also Has a Massive Opportunity
• Negative Sentiment: Despite record revenue, Adobe has significantly underperformed the broader market as investors remain concerned about slowing growth, competition from AI-native tools and uncertainty over how quickly generative AI will translate into meaningful incremental revenue.

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.

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