Generali Powszechne Towarzystwo Emerytalne Invests $24.82 Million in Adobe Inc. $ADBE

Generali Powszechne Towarzystwo Emerytalne purchased a new stake in Adobe Inc. (NASDAQ:ADBE) in the third quarter, Holdings Channel.com reports. The fund purchased 70,350 shares of the software company’s stock, valued at approximately $24,816,000. Adobe accounts for approximately 4.8% of Generali Powszechne Towarzystwo Emerytalne’s portfolio, making the stock its 10th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Adobe by 3.5% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 132,836 shares of the software company’s stock worth $46,858,000 after buying an additional 4,513 shares during the period. Rakuten Securities Inc. boosted its stake in shares of Adobe by 181.6% during the 3rd quarter. Rakuten Securities Inc. now owns 4,182 shares of the software company’s stock worth $1,475,000 after acquiring an additional 2,697 shares in the last quarter. Blalock Williams LLC acquired a new stake in shares of Adobe in the 3rd quarter worth approximately $320,000. True Vision MN LLC purchased a new position in Adobe in the 3rd quarter valued at approximately $448,000. Finally, Elevate Capital Advisors LLC increased its stake in Adobe by 23.8% in the 3rd quarter. Elevate Capital Advisors LLC now owns 6,406 shares of the software company’s stock valued at $2,260,000 after purchasing an additional 1,232 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

NASDAQ:ADBE opened at $304.09 on Friday. Adobe Inc. has a 12-month low of $301.40 and a 12-month high of $465.70. The firm has a market cap of $127.29 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53. The company’s 50-day moving average is $335.36 and its two-hundred day moving average is $348.11. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The business had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the previous year, the business posted $4.81 earnings per share. The company’s revenue 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. Research analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on ADBE shares. Cowen reissued a “hold” rating on shares of Adobe in a report on Monday, December 8th. TD Cowen decreased their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, December 11th. DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Adobe in a report on Thursday, December 11th. Morgan Stanley cut their target price on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research report on Thursday, December 11th. Finally, The Goldman Sachs Group assumed coverage on shares of Adobe in a research report on Monday. They issued a “sell” rating and a $290.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $402.85.

Adobe News Roundup

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 Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 149 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at $1,157,576.88. This represents a 4.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.16% of the stock is currently owned by corporate insiders.

Adobe 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.