4,517 Shares in Adobe Inc. $ADBE Purchased by Ninety One SA PTY Ltd

01 Jan 2026, 13:48 by Sarita Garza · The Markets Daily

Ninety One SA PTY Ltd bought a new position in Adobe Inc. (NASDAQ:ADBE – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 4,517 shares of the software company’s stock, valued at approximately $1,605,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. lifted its position in Adobe by 17.7% during the 3rd quarter. Mather Group LLC. now owns 10,434 shares of the software company’s stock valued at $3,680,000 after acquiring an additional 1,566 shares during the period. Advocate Group LLC increased its holdings in shares of Adobe by 8.3% during the third quarter. Advocate Group LLC now owns 15,764 shares of the software company’s stock valued at $5,561,000 after acquiring an additional 1,213 shares in the last quarter. JB Capital LLC grew its position in Adobe by 1,950.4% during the 3rd quarter. JB Capital LLC now owns 11,872 shares of the software company’s stock valued at $4,188,000 after purchasing an additional 11,293 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of Adobe by 3.0% in the third quarter. Merit Financial Group LLC now owns 29,025 shares of the software company’s stock worth $10,238,000 after buying an additional 843 shares in the last quarter. Finally, CenterStar Asset Management LLC bought a new stake in shares of Adobe during the third quarter valued at approximately $932,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the company’s 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 owned 3,426 shares in the company, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.

Adobe Stock Performance

NASDAQ ADBE opened at $349.99 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $465.70. The business has a 50-day moving average price of $338.77 and a 200-day moving average price of $352.15. The firm has a market cap of $146.51 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 1.39 and a beta of 1.54.

Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company had revenue of $6.19 billion for the quarter, compared to analysts’ expectations of $6.11 billion. During the same period in the previous year, the firm earned $4.81 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. 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 EPS for the current fiscal year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Bull case highlights durable AI opportunity — A Seeking Alpha piece argues Adobe is “mispriced” and is successfully monetizing AI across creative and enterprise workflows, projecting substantially higher fair value if the market re-rates ADBE for AI-driven growth. Article Title
Neutral Sentiment: Longer-term earnings outlook raised — Zacks Research published an FY2028 EPS projection for Adobe of $24.05, which suggests upside further out even as near-term quarterly estimates were adjusted. (Zacks report entry)
Neutral Sentiment: Featured on investor roundups — A market video (YouTube) that lists Adobe among stocks to watch may drive incremental retail attention but is unlikely to move fundamentals by itself. Article Title
Neutral Sentiment: Policy mention that could modestly increase content demand — A proposed federal bill (HUSTLE Act) includes Adobe among companies that could benefit from more NIL-driven content creation, but effects would be gradual and indirect. Article Title
Negative Sentiment: Near-term EPS cut from Zacks — Zacks Research trimmed its Q4 2026 EPS estimate for Adobe from $5.05 to $4.90, signaling analysts see weaker near-term profitability versus prior expectations; that cut is a direct headwind to the stock. (Zacks report entry)
Negative Sentiment: Soft market/broad risk-off tone — Zacks coverage of U.S. macro headlines shows futures trading lower and initial jobless claims data influencing market sentiment, which can depress high‑beta software names like ADBE in the near term. Article Title

Analyst Upgrades and Downgrades

ADBE has been the subject of several recent analyst reports. Citigroup boosted their price target on Adobe from $366.00 to $387.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 17th. Cowen restated a “hold” rating on shares of Adobe in a research note on Monday, December 8th. Piper Sandler lowered their target price on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. Mizuho dropped their price objective on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Finally, Wolfe Research cut their price objective on shares of Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $417.93.

Check Out Our Latest Stock Analysis on ADBE

Adobe Profile

(Free Report)

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.