Cacti Asset Management LLC Makes New Investment in Adobe Inc. $ADBE

Cacti Asset Management LLC bought a new stake in Adobe Inc. (NASDAQ:ADBE) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 50,562 shares of the software company’s stock, valued at approximately $11,790,000. Adobe accounts for about 0.7% of Cacti Asset Management LLC’s holdings, making the stock its 26th largest position.

Several other large investors have also made changes to their positions in the company. Meridian Management Co. lifted its holdings in Adobe by 0.3% in the first quarter. Meridian Management Co. now owns 15,241 shares of the software company’s stock valued at $3,705,000 after buying an additional 44 shares during the period. Brown Shipley& Co Ltd boosted its position in shares of Adobe by 28.8% in the 1st quarter. Brown Shipley& Co Ltd now owns 197 shares of the software company’s stock worth $48,000 after purchasing an additional 44 shares during the last quarter. United Bank grew its stake in shares of Adobe by 1.4% during the first quarter. United Bank now owns 3,658 shares of the software company’s stock worth $889,000 after purchasing an additional 49 shares during the period. GFS Advisors LLC grew its stake in shares of Adobe by 0.3% during the fourth quarter. GFS Advisors LLC now owns 19,769 shares of the software company’s stock worth $6,919,000 after purchasing an additional 50 shares during the period. Finally, Drystone LLC increased its holdings in Adobe by 0.5% in the second quarter. Drystone LLC now owns 10,420 shares of the software company’s stock valued at $2,136,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe shares increased as software stocks led a technology-market rebound. Cooler-than-expected PCE inflation data helped support expectations for a favorable interest-rate environment for growth and technology companies. Why Is Adobe Stock Surging on Wednesday?
• Positive Sentiment: Adobe is expanding its generative-AI reach by adding interactive brushes and sliders to image editing inside ChatGPT. Easier access to Adobe tools through a major AI platform could improve product discovery, engagement and monetization. Adobe puts brushes and sliders inside ChatGPT’s image editing
• Positive Sentiment: A new partnership with the National Hockey League will use Adobe’s AI, creative and marketing products to support personalized fan experiences for an audience of more than 200 million followers. The deal provides a high-profile use case for Adobe’s AI platform and enterprise marketing tools. Adobe Ties Up New AI Fan Deal Reaching 200 Million Followers
• Positive Sentiment: Investors are also highlighting Adobe’s strong cash generation and high cash yield. With the shares trading at a substantially lower earnings multiple than the broader market, valuation may provide downside support if the company can stabilize growth. Why Is Everyone Ignoring Adobe Stock’s High Cash Yield?
• Neutral Sentiment: Adobe’s central investment debate is whether AI will create a new growth phase. Revenue is still rising, but its roughly 12% growth rate trails several large software peers, leaving investors waiting for clearer evidence that AI products can accelerate sales. Adobe Has a Problem. It Also Has a Massive Opportunity
• Negative Sentiment: Despite record revenue, Adobe has significantly underperformed the broader market as investors remain concerned about slowing growth, competition from AI-native tools and uncertainty over how quickly generative AI will translate into meaningful incremental revenue.

Insider Buying and Selling

In other news, CEO Shantanu Narayen sold 50,500 shares of the stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $249.57, for a total value of $12,603,285.00. Following the completion of the sale, the chief executive officer owned 238,724 shares of the company’s stock, valued at approximately $59,578,348.68. This represents a 17.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the transaction, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 125,416 shares of company stock worth $31,454,466. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

ADBE has been the subject of several analyst reports. Citizens Jmp restated a “market perform” rating on shares of Adobe in a research report on Friday, September 11th. Evercore set a $250.00 target price on shares of Adobe in a report on Friday, September 11th. HSBC upgraded shares of Adobe from a “hold” rating to a “buy” rating and upped their price objective for the company from $282.00 to $308.00 in a research report on Thursday, July 2nd. Robert W. Baird boosted their price objective on Adobe from $230.00 to $250.00 and gave the company a “neutral” rating in a research report on Friday, September 11th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $315.00 target price on shares of Adobe in a report on Friday, September 11th. Seven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Adobe presently has an average rating of “Hold” and an average target price of $282.68.

Adobe Stock Up 0.2%

Shares of Adobe stock traded up $0.46 during trading hours on Thursday, reaching $240.40. 1,734,531 shares of the company’s stock were exchanged, compared to its average volume of 5,775,578. The stock has a market cap of $93.56 billion, a P/E ratio of 13.41, a P/E/G ratio of 0.81 and a beta of 1.42. The company has a 50 day moving average of $258.48 and a two-hundred day moving average of $243.35. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $363.70.

Adobe (NASDAQ:ADBE) last released its 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. Adobe had a return on equity of 65.65% and a net margin of 28.05%.The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter in the previous year, the business earned $5.31 earnings per share. Adobe’s quarterly revenue 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. On average, sell-side analysts forecast that Adobe Inc. will post 20.01 EPS for the current fiscal year.

Adobe Company Profile

Adobe Inc (NASDAQ: ADBE) is a global software company that develops tools for creating, managing, delivering and analyzing digital content. Its products serve creative professionals, marketers, enterprises, students and individual consumers across a broad range of industries and geographies.

Adobe’s Creative Cloud portfolio includes applications such as Photoshop, Illustrator, Premiere Pro, InDesign and Adobe Express for graphic design, photography, video, illustration and digital content creation.