CX Institutional Purchases 11,769 Shares of Adobe Inc. $ADBE

CX Institutional increased its position in shares of Adobe Inc. (NASDAQ:ADBE) by 72.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,922 shares of the software company’s stock after purchasing an additional 11,769 shares during the period. CX Institutional’s holdings in Adobe were worth $9,849,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in Adobe during the second quarter valued at about $2,029,950,000. Assenagon Asset Management S.A. grew its position in shares of Adobe by 308.1% during the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after purchasing an additional 2,347,562 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Adobe during the second quarter worth about $318,224,000. Franklin Resources Inc. raised its stake in Adobe by 68.9% during the 2nd quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock valued at $750,168,000 after purchasing an additional 791,077 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in Adobe by 218.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock worth $415,434,000 after purchasing an additional 736,682 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ADBE shares. JMP Securities reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Wells Fargo & Company cut their target price on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research note on Thursday, November 20th. Piper Sandler decreased their price target on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research note on Friday, September 12th. Stifel Nicolaus dropped their price objective on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. Finally, Morgan Stanley reduced their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $414.22.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction on Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by insiders.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Neutral Sentiment: Analysts published forward-looking estimates and previews ahead of Adobe’s upcoming quarter, offering mixed expectations but no clear catalyst to reverse the pullback. Research Analysts Offer Predictions for Adobe Q1 Earnings
• Neutral Sentiment: A sector-level, comparative piece reviews Adobe versus peers and highlights competitive pressures and valuation differences — useful context for investors assessing relative strength but not a direct trigger. In-Depth Analysis: Adobe Versus Competitors In Software Industry
• Negative Sentiment: Jefferies downgraded Adobe from Buy to Hold, saying Adobe’s AI “inflection” appears more limited versus peers — the downgrade is the primary near-term driver of selling pressure. Jefferies downgrades Adobe, upgrades IBM as AI reshapes 2026 software outlook
• Negative Sentiment: Coverage and op-eds are amplifying the downgrade impact — several pieces link the Jefferies call to a multi-day selloff and falling market cap, increasing negative sentiment among investors. Why Is Adobe Stock Getting Downgraded?
• Negative Sentiment: Opinion/short pieces argue Adobe looks risky relative to alternatives and suggest rotation into other names; these narratives can accelerate outflows from momentum-focused holders. 3 Reasons ADBE is Risky and 1 Stock to Buy Instead
• Negative Sentiment: Market commentary highlights a sharp start to 2026 for software names (including Adobe) with steep intraday declines, reinforcing sector weakness and risk-off positioning. Salesforce and Adobe Start 2026 With a 5% Plunge—Should Investors Buy or Bail?

Adobe Stock Up 1.3%

Shares of NASDAQ:ADBE opened at $335.99 on Wednesday. The company has a market cap of $140.65 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 1.31 and a beta of 1.53. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.70. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a 50-day moving average price of $337.28 and a 200 day moving average price of $350.64.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping the consensus estimate of $5.40 by $0.10. The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, equities research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Adobe Company Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.