Centaurus Financial Inc. Buys New Shares in Adobe Inc. $ADBE

Centaurus Financial Inc. bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,953 shares of the software company’s stock, valued at approximately $1,835,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Adobe by 2.1% during the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after acquiring an additional 167 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in shares of Adobe by 25.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock worth $926,000 after purchasing an additional 486 shares in the last quarter. United Bank lifted its holdings in shares of Adobe by 12.8% in the 2nd quarter. United Bank now owns 3,773 shares of the software company’s stock worth $1,460,000 after purchasing an additional 428 shares in the last quarter. Schnieders Capital Management LLC. grew its position in Adobe by 7.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock valued at $1,017,000 after purchasing an additional 190 shares during the period. Finally, Gamco Investors INC. ET AL grew its position in Adobe by 190.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock valued at $1,069,000 after purchasing an additional 1,813 shares during the period. 81.79% of the stock is owned by institutional investors.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe benefited from a broader enterprise-software rally after Salesforce reported better-than-expected results, raised its outlook and announced an Anthropic partnership. The read-through eased concerns about AI disruption and improved sentiment toward Adobe’s AI strategy. Why Is Adobe Stock Surging on Thursday?
• Positive Sentiment: Adobe’s AI-first annual recurring revenue reportedly more than tripled to above $500 million, supported by Firefly, Acrobat AI and enterprise tools. The growth suggests AI is adding subscription and usage revenue rather than only threatening Adobe’s core products. AI Monetization Boosts ADBE’s Growth Prospects Against MSFT & CRM
• Positive Sentiment: Adobe expanded its partnership with Stagwell to combine data intelligence, creative transformation and AI capabilities in enterprise marketing. The arrangement could help Adobe win and retain larger business customers. Stagwell Expands Strategic Partnership with Adobe
• Positive Sentiment: Photoshop is adding an optional AI Assisted Editor that enables prompt-based image editing, reinforcing Adobe’s effort to make generative AI practical within its flagship applications. Adobe Photoshop adds AI Assisted Editor
• Neutral Sentiment: Adobe’s incubator is showcasing projects focused on full-service AI, while new education initiatives will provide free Photoshop, Firefly and Express access to millions of students and teachers. These efforts may expand future adoption, but the near-term revenue impact is unclear. Adobe Incubator Projects
• Negative Sentiment: Earlier concerns that cautious Intuit guidance could signal broader AI disruption had pressured Adobe and other software stocks. However, Salesforce’s results appear to have reduced those immediate sector concerns. Intuit AI Disruption Concerns

Wall Street Analysts Forecast Growth

ADBE has been the topic of several research reports. Bank of America upped their price objective on shares of Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a report on Wednesday, August 19th. Wolfe Research cut shares of Adobe from an “outperform” rating to a “peer perform” rating in a report on Friday, June 12th. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Stifel Nicolaus restated a “hold” rating and issued a $200.00 target price (down from $350.00) on shares of Adobe in a report on Friday, June 12th. Finally, BMO Capital Markets dropped their price target on shares of Adobe from $285.00 to $230.00 and set a “market perform” rating on the stock in a research report on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Adobe currently has an average rating of “Hold” and an average target price of $270.96.

Insider Activity

In other news, Director David A. Ricks acquired 10,000 shares of Adobe stock in a transaction on Thursday, June 25th. The stock was acquired at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is currently owned by insiders.

Adobe Trading Up 5.7%

NASDAQ ADBE opened at $289.15 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The business has a fifty day simple moving average of $238.75 and a 200 day simple moving average of $244.82. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $370.86. The firm has a market capitalization of $114.94 billion, a P/E ratio of 16.54, a PEG ratio of 0.92 and a beta of 1.40.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.06 EPS. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, analysts predict that Adobe Inc. will post 19.81 EPS for the current fiscal year.

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.