J. Stern & Co. LLP Increases Stock Holdings in Adobe Inc. $ADBE

J. Stern & Co. LLP lifted its position in Adobe Inc. (NASDAQ:ADBE) by 26,128.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 652,031 shares of the software company’s stock after purchasing an additional 649,545 shares during the quarter. J. Stern & Co. LLP’s holdings in Adobe were worth $228,204,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Adobe in the third quarter valued at about $26,000. Western Pacific Wealth Management LP purchased a new stake in shares of Adobe in the fourth quarter valued at about $26,000. Caitlin John LLC purchased a new stake in shares of Adobe in the third quarter valued at about $28,000. Beacon Financial Strategies CORP purchased a new stake in shares of Adobe in the fourth quarter valued at about $28,000. Finally, TrustBank purchased a new stake in shares of Adobe in the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ADBE shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Adobe in a report on Friday, March 13th. Royal Bank Of Canada dropped their price objective on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating for the company in a report on Monday, June 8th. UBS Group set a $365.00 target price on shares of Adobe in a research report on Friday. KeyCorp lowered their target price on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a research note on Friday. Finally, The Goldman Sachs Group lowered their target price on shares of Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a research note on Friday. Five analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $278.16.

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 755 shares of the stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the sale, the chief accounting officer owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the sale, the chief executive officer directly owned 359,538 shares in the company, valued at $87,561,884.52. This represents a 17.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is currently owned by corporate insiders.

Adobe Trading Up 0.5%

Shares of ADBE stock opened at $207.32 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.91. The firm has a market cap of $83.80 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 0.72 and a beta of 1.42. The company has a 50-day moving average of $243.10 and a two-hundred day moving average of $276.75. Adobe Inc. has a 1-year low of $196.90 and a 1-year high of $399.67.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. Adobe’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm posted $5.06 earnings per share. 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 19.87 EPS for the current year.

Adobe announced that its Board of Directors has initiated a stock buyback program on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to buy up to 24.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe and LinkedIn launched a global AI skills initiative for marketers, which supports Adobe’s positioning as an AI enabler and could strengthen long-term product adoption. Adobe & LinkedIn Launch Global AI Skills Initiative for Marketing Professionals
• Positive Sentiment: Several articles highlighted Adobe as potentially undervalued after its recent selloff, with some analysts and commentators calling it a buy-the-dip or value opportunity following its strong earnings and raised guidance. Should You Buy, Sell or Hold Adobe Stock Post Q2 Earnings?
• Neutral Sentiment: Market commentary from Barchart and other outlets suggests traders are debating whether the post-earnings weakness is overdone, with options data and technicals still pointing to elevated volatility. Following Adobe Earnings, Here’s What Barchart Data Says Is Next for ADBE Stock
• Neutral Sentiment: TD Cowen cut its price target on Adobe from $310 to $285, citing mixed signals including slower spending trends and weaker AI credit demand, but kept a Hold rating. Adobe (ADBE) Price Target Cut as TD Cowen Flags Slowing Spend and Weak AI Credit Demand
• Negative Sentiment: Adobe’s CFO departure is weighing on sentiment, with investors seeing the leadership change as a risk at a time when the company is already facing valuation and growth concerns. Adobe Sinks After CFO Departure. It’s Now a Classic Battleground Stock.

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.