Adobe Inc. $ADBE Stock Position Increased by Isthmus Partners LLC

Key Points

• Isthmus Partners increased its Adobe position by 70.7% in the third quarter, bringing its holdings to 56,291 shares valued at approximately $13.5 million. Institutional investors collectively own 81.79% of Adobe’s stock.
• Adobe exceeded quarterly expectations with $6.13 in adjusted EPS and $6.76 billion in revenue, while revenue grew 12.9% year over year. The company issued fiscal 2026 EPS guidance of $24.45–$24.50.
• Insiders sold roughly $31.5 million of Adobe shares over the past 90 days, including a $12.6 million sale by CEO Shantanu Narayen. Analysts maintain a consensus “Hold” rating with an average price target of $283.90, reflecting both AI-driven growth potential and competition risks.

Isthmus Partners LLC increased its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 70.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,291 shares of the software company's stock after buying an additional 23,305 shares during the period. Adobe comprises 1.2% of Isthmus Partners LLC's portfolio, making the stock its 25th largest holding. Isthmus Partners LLC's holdings in Adobe were worth $13,506,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. AMF Tjanstepension AB boosted its position in shares of Adobe by 2.3% in the third quarter. AMF Tjanstepension AB now owns 705,217 shares of the software company's stock worth $169,210,000 after acquiring an additional 16,170 shares during the last quarter. Reyes Financial Architecture Inc. purchased a new position in Adobe during the third quarter worth approximately $172,000. Smith Chas P & Associates PA Cpas raised its stake in Adobe by 2.5% during the third quarter. Smith Chas P & Associates PA Cpas now owns 2,034 shares of the software company's stock worth $499,000 after purchasing an additional 50 shares during the period. Lmcg Investments LLC acquired a new position in shares of Adobe in the 3rd quarter valued at $233,000. Finally, Foster Victor Wealth Advisors LLC grew its stake in shares of Adobe by 5.0% during the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 36,796 shares of the software company's stock valued at $9,092,000 after buying an additional 1,747 shares during the period. Hedge funds and other institutional investors own 81.79% of the company's stock.

Insider Activity

In related news, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 238,724 shares of the company's stock, valued at approximately $59,578,348.68. This represents a 17.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Jillian Forusz sold 416 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The shares were 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 of the company's stock, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 125,416 shares of company stock valued at $31,454,466 over the last 90 days. Insiders own 0.20% of the company's stock.

Adobe Price Performance

Shares of ADBE stock opened at $270.55 on Friday. The company has a market capitalization of $105.30 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.89 and a beta of 1.42. The firm has a fifty day simple moving average of $255.84 and a 200-day simple moving average of $243.40. 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 twelve month low of $190.12 and a twelve month high of $363.70.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) 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 the consensus estimate of $6.69 billion. During the same quarter in the previous year, the firm posted $5.31 EPS. The firm's quarterly 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. Equities research analysts anticipate that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADBE. UBS Group upped their price objective on Adobe from $225.00 to $255.00 and gave the stock a "neutral" rating in a report on Friday, September 11th. Citizens Jmp restated a "market perform" rating on shares of Adobe in a report on Friday, September 11th. JPMorgan Chase & Co. reduced their price objective on Adobe from $340.00 to $315.00 and set an "overweight" rating on the stock in a research note on Friday, September 11th. Bank of America increased their target price on shares of Adobe from $190.00 to $220.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 19th. Finally, TD Cowen restated a "hold" rating and issued a $245.00 price target on shares of Adobe in a report on Wednesday, September 9th. Nine equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $283.90.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s expanded AI relationship with NVIDIA is supporting expectations for faster creative workflows and broader adoption of AI-powered features across its Creative Cloud and enterprise products. The company has also announced AI-focused customer-experience partnerships with Heathrow Airport and BWT Alpine Formula One Team. Adobe Deepens AI Partnerships
• Positive Sentiment: The BWT Alpine agreement names Adobe the team’s Official AI Fan Experience Partner, providing a visible commercial use case for personalized digital experiences and potentially strengthening Adobe’s AI brand. Adobe and BWT Alpine Partnership
• Positive Sentiment: Investors are emphasizing Adobe’s relatively depressed valuation, recurring-revenue buildup and long-term value potential. Analysts also point to the expanding digital-signature market, where Adobe’s Acrobat and Document Cloud products are established participants. Adobe Deep Value Amid Continued ARR Buildup
• Neutral Sentiment: The rebound appears driven partly by sector positioning rather than a new earnings report: investors are selectively buying software companies that had been hurt by fears that generative AI could reduce demand for traditional applications. Adobe’s shares remain well below their 52-week high, leaving room for a valuation-driven recovery but also signaling unresolved concerns. Adobe and Software Stock Rebound
• Negative Sentiment: Risks remain from AI-native tools such as Claude and Gemini, which could challenge Adobe’s app-based model and pressure growth. The stock has also lagged the broader market over longer periods, so investors will likely need evidence that AI monetization can accelerate revenue and recurring annual revenue growth. Adobe App-less AI Competition

About Adobe

Adobe Inc is a global software company that develops digital tools for creative professionals, businesses, marketers, and individual users. Its products help customers create, edit, publish, manage, and measure digital content across websites, mobile applications, documents, and other media.

The company's Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro, and Acrobat. Adobe also offers Document Cloud, which provides tools for creating, editing, sharing, signing, and managing digital documents, and Experience Cloud, a suite of solutions for digital marketing, analytics, commerce, customer journeys, and content management.

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