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

Thor Trading Advisors LLC acquired a new position in Adobe Inc. (NASDAQ:ADBE) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 3,294 shares of the software company’s stock, valued at approximately $790,000. Adobe accounts for about 0.3% of Thor Trading Advisors LLC’s portfolio, making the stock its 25th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in Adobe during the second quarter valued at approximately $8,437,821,000. Arrowstreet Capital Limited Partnership boosted its holdings in Adobe by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock worth $1,651,066,000 after buying an additional 563,772 shares in the last quarter. Amundi grew its position in Adobe by 1.1% in the first quarter. Amundi now owns 4,724,102 shares of the software company’s stock worth $1,148,335,000 after buying an additional 53,424 shares during the last quarter. Primecap Management Co. CA acquired a new position in Adobe in the second quarter worth approximately $1,071,668,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Adobe by 0.4% in 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 last quarter. 81.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Adobe Stock Performance

Adobe stock opened at $236.70 on Wednesday. The firm’s 50 day simple moving average is $249.04 and its 200-day simple moving average is $249.02. The company has a market cap of $92.12 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.77 and a quick ratio of 0.77. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $362.71.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.08 by $0.05. The business had revenue of $6.76 billion for the quarter, compared to analyst estimates of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.31 earnings per share. 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 predict that Adobe Inc. will post 20.01 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on ADBE shares. BTIG Research reaffirmed a “neutral” rating on shares of Adobe in a report on Friday, September 11th. Jefferies Financial Group reduced their price objective on Adobe from $285.00 to $275.00 and set a “hold” rating for the company in a research note on Friday, September 11th. Evercore set a $250.00 target price on Adobe in a report on Friday, September 11th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $315.00 target price on shares of Adobe in a research report on Friday, September 11th. Finally, DA Davidson upped their target price on Adobe from $250.00 to $290.00 and gave the company a “buy” rating in a report on Monday, September 14th. Nine equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $282.52.

Trending Headlines about 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

About Adobe

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.