3,294 Shares of Adobe Inc. $ADBE Bought by Thor Trading Advisors LLC

Thor Trading Advisors LLC bought a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,294 shares of the software company’s stock, valued at approximately $790,000. Adobe accounts for 0.3% of Thor Trading Advisors LLC’s investment portfolio, making the stock its 25th largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Adobe in the second quarter valued at approximately $8,437,821,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Adobe by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock valued at $1,651,066,000 after buying an additional 563,772 shares during the last quarter. Amundi raised its holdings in shares of Adobe by 1.1% during the first quarter. Amundi now owns 4,724,102 shares of the software company’s stock valued at $1,148,335,000 after buying an additional 53,424 shares during the last quarter. Primecap Management Co. CA acquired a new position in shares of Adobe during the second quarter worth approximately $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Adobe by 0.4% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,045,547 shares of the software company’s stock worth $1,034,438,000 after buying an additional 18,995 shares during the period. Institutional investors own 81.79% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: At Adobe MAX, the company introduced AI-agent features across Creative Cloud and Firefly to automate creative workflows. These tools could strengthen Adobe’s products and support customer retention and monetization. Adobe Creative Cloud agentic workflow announcement
• Positive Sentiment: Adobe and Google expanded their partnership, bringing Adobe tools into Google Workspace and Google AI models into more Adobe apps—potentially widening distribution and making workflows more integrated. Adobe and Google partnership announcement
• Positive Sentiment: Disney selected Adobe to develop custom AI models for media operations, adding a high-profile enterprise relationship that could demonstrate demand for Adobe’s AI offerings. Reuters report on Disney and Adobe
• Negative Sentiment: The Google tie-up also arrives as Gemini expands across Adobe apps, raising questions about how Adobe will differentiate and capture value as outside AI models become more available in its software. Report on Gemini in Adobe apps
• Negative Sentiment: Investors may also remain cautious after Citi warned that Adobe’s fiscal 2027 growth estimates could be too high, a concern that new product announcements have yet to resolve. Coverage of Citi’s Adobe downgrade

Insider Transactions at Adobe

In other news, CEO Shantanu Narayen sold 74,500 shares of Adobe stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total transaction of $18,741,220.00. Following the transaction, the chief executive officer directly owned 289,224 shares in the company, valued at approximately $72,757,189.44. This trade represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley reissued an “underweight” rating on shares of Adobe in a report on Friday, September 11th. Barclays lifted their target price on Adobe from $250.00 to $295.00 and gave the company an “equal weight” rating in a research note on Thursday, September 3rd. Evercore set a $250.00 target price on Adobe in a research note on Friday, September 11th. HSBC lowered Adobe from a “buy” rating to a “hold” rating and reduced their price target for the stock from $310.00 to $267.00 in a research report on Tuesday, October 13th. Finally, Bank of America increased their price target on Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 19th. Nine research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $282.52.

Adobe Trading Down 0.3%

Adobe stock opened at $236.70 on Wednesday. The firm has a 50 day simple moving average of $249.04 and a 200-day simple moving average of $249.02. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. The stock has a market capitalization of $92.12 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $362.71.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, beating 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 business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same quarter last year, the business earned $5.31 earnings per share. The business’s revenue for the quarter 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. As a group, equities research analysts expect that Adobe Inc. will post 20.01 EPS for the current fiscal year.

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.