Ironwood Investment Counsel LLC Grows Position in Adobe Inc. $ADBE

Ironwood Investment Counsel LLC grew its stake in Adobe Inc. (NASDAQ:ADBE) by 20.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,422 shares of the software company’s stock after purchasing an additional 3,816 shares during the period. Adobe comprises approximately 1.1% of Ironwood Investment Counsel LLC’s investment portfolio, making the stock its 24th largest holding. Ironwood Investment Counsel LLC’s holdings in Adobe were worth $7,847,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ADBE. Western Pacific Wealth Management LP purchased a new stake in Adobe in the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Adobe during the 3rd quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Adobe during the 3rd quarter valued at approximately $27,000. Caitlin John LLC purchased a new position in shares of Adobe during the 3rd quarter valued at approximately $28,000. Finally, Beacon Financial Strategies CORP purchased a new position in shares of Adobe during the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the transaction, the chief financial officer owned 42,833 shares in the company, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the transaction, the chief accounting officer owned 3,521 shares in the company, valued at $867,046.25. The trade was a 17.66% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 77,091 shares of company stock worth $18,782,773. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Sanford C. Bernstein set a $447.00 target price on Adobe and gave the company an “outperform” rating in a research report on Friday, March 13th. HSBC set a $302.00 target price on Adobe in a research report on Friday, February 13th. Argus reiterated a “hold” rating on shares of Adobe in a research report on Monday, March 16th. Finally, Summit Redstone set a $350.00 target price on Adobe in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $338.15.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Social media and market commentary point to a sector rotation from semiconductors into software, with Adobe among the leaders, as traders buy into a rebound for established SaaS and creative-tools names. Adobe Stock (ADBE) Opinions on Sector Rotation to Software
• Positive Sentiment: Analysts and investors highlighted Adobe as potentially undervalued after months of pressure, citing strong profitability and AI features such as Firefly and Acrobat AI Assistant as reasons the company can keep growing despite AI-related fears. Is Generative AI Expanding Adobe’s Digital Media Opportunity?
• Neutral Sentiment: Coverage around Adobe’s latest AI product push, including the new Acrobat productivity agent, reinforces the company’s strategy to embed generative AI across its workflow tools, which could support longer-term revenue growth. Adobe (ADBE) Expands Its Agentic AI Push With New Acrobat Productivity Agent
• Negative Sentiment: Some recent articles and reviews emphasize competitive pressure and user dissatisfaction with Adobe’s products, while insider selling and heavy hedge fund trimming may keep sentiment cautious even after the rebound. Adobe was overkill for the editing I actually do, and that’s what finally made me leave

Adobe Stock Performance

Shares of ADBE stock opened at $247.60 on Monday. The stock’s fifty day moving average is $247.93 and its two-hundred day moving average is $290.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $100.08 billion, a P/E ratio of 14.42, a PEG ratio of 0.97 and a beta of 1.42. Adobe Inc. has a fifty-two week low of $224.13 and a fifty-two week high of $422.95.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $5.08 EPS. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Research analysts expect that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

Adobe announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the software company to repurchase up to 24.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.