Generali Powszechne Towarzystwo Emerytalne Takes Position in Adobe Inc. $ADBE

Generali Powszechne Towarzystwo Emerytalne bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 70,350 shares of the software company’s stock, valued at approximately $24,816,000. Adobe accounts for about 4.8% of Generali Powszechne Towarzystwo Emerytalne’s holdings, making the stock its 10th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in ADBE. Riverbend Wealth Management LLC lifted its holdings in Adobe by 1.8% during the 3rd quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock worth $588,000 after buying an additional 29 shares during the last quarter. FSM Wealth Advisors LLC increased its stake in Adobe by 1.1% in the second quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock valued at $997,000 after purchasing an additional 30 shares during the last quarter. Intellus Advisors LLC raised its holdings in Adobe by 1.6% during the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock worth $720,000 after purchasing an additional 30 shares in the last quarter. Capital Advisory Group Advisory Services LLC raised its holdings in Adobe by 2.2% during the second quarter. Capital Advisory Group Advisory Services LLC now owns 1,442 shares of the software company’s stock worth $558,000 after purchasing an additional 31 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC lifted its position in shares of Adobe by 44.9% during the 2nd quarter. Barnes Dennig Private Wealth Management LLC now owns 100 shares of the software company’s stock worth $39,000 after buying an additional 31 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Trading Down 0.1%

Shares of ADBE stock opened at $304.09 on Friday. The company has a market capitalization of $127.29 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53. 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 business’s 50 day moving average is $335.36 and its two-hundred day moving average is $348.11. Adobe Inc. has a twelve month low of $301.40 and a twelve month high of $465.70.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results 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. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.19 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same period last year, the company earned $4.81 earnings per share. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Equities analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Some commentators call ADBE oversold and flag valuation/cash-yield as a buying case — these views argue current weakness already prices in AI risk and create a longer-term opportunity. 1 Oversold Software Stock With Too Much AI Fear Priced In
• Positive Sentiment: Forbes argues Adobe’s fundamentals, cash yield and valuation could make it an attractive buy for long-term investors. Is It Time To Buy Adobe Stock?
• Neutral Sentiment: Adobe completed the Semrush acquisition to accelerate AI initiatives, but market reaction is mixed — the deal may help product roadmaps but hasn’t yet calmed monetization concerns. Cloud Stocks: For Adobe, Is The Semrush Acquisition Enough?
• Negative Sentiment: Goldman Sachs initiated coverage with a Sell rating and $290 target, adding to bearish analyst pressure and signaling weaker analyst sentiment than the company has seen in years. Goldman Sachs Assumes Coverage of Adobe (ADBE) With Sell Rating, $290 PT
• Negative Sentiment: Heavy bearish flows: unusually large put buying (86,112 puts, ~54% above average) suggests traders are positioning for further downside. (Options flow reported 1/14/2026.)
• Negative Sentiment: Multiple headlines cite AI competition (Canva, Figma, OpenAI) and a discounted Apple creative subscription as direct threats to Adobe’s pricing and market share — amplifying selling pressure. Adobe Stock Falls as Apple Unveils Discounted Creative Software Subscription
• Negative Sentiment: Technical and sentiment-focused pieces highlight a bearish chart structure and multi‑year lows, reinforcing momentum-driven selling risk in the near term. Adobe: Bearish Structure Signals Final Leg Lower
• Negative Sentiment: Sector spillover: downgrades and weak tone in enterprise software have pressured peers and amplified downside for Adobe. Salesforce (CRM) Stock Drops Following Adobe Downgrade and Sector Weakness

Insider Activity at Adobe

In other news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the sale, the chief accounting officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ADBE. Royal Bank Of Canada reiterated an “outperform” rating and set a $430.00 price target on shares of Adobe in a research note on Thursday, December 11th. Morgan Stanley cut their target price on Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a research report on Thursday, December 11th. The Goldman Sachs Group began coverage on Adobe in a research report on Monday. They issued a “sell” rating and a $290.00 target price for the company. Wells Fargo & Company cut their price target on Adobe from $470.00 to $420.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. Finally, Wolfe Research lowered their target price on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating on the stock in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $402.85.

About Adobe

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.