Saranac Partners Ltd Raises Stock Position in Adobe Inc. $ADBE

Posted by Chris Copeland on May 20th, 2026

Saranac Partners Ltd grew its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 27.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,264 shares of the software company’s stock after acquiring an additional 3,271 shares during the period. Adobe comprises about 2.1% of Saranac Partners Ltd’s holdings, making the stock its 25th biggest position. Saranac Partners Ltd’s holdings in Adobe were worth $5,348,000 at the end of the most recent reporting period.

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

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Analyst and media commentary has turned constructive, with one report saying the software rally may still have legs and naming Adobe as a buy candidate alongside ServiceNow. This can support demand for the stock as investors rotate back into large-cap software. The software rally may still have legs. Buy ServiceNow and Adobe.
Positive Sentiment: Multiple reports said Adobe is attracting investor attention and is a top-ranked growth stock on Zacks, which may reinforce the view that the company still has favorable fundamentals and valuation support after a big pullback from its highs. Adobe Systems (ADBE) is a Top-Ranked Growth Stock: Should You Buy?
Positive Sentiment: Michael Burry was reported to have added Adobe to his portfolio, a notable signal that a high-profile investor sees value in the shares despite broader concerns about an AI bubble. Michael Burry adds PayPal, MercadoLibre, Adobe, Lululemon Athletica
Neutral Sentiment: Adobe’s stock is still trading far below its 200-day moving average, which suggests the longer-term trend remains weak even after recent stabilization. Investors may see that as a reason for caution.
Neutral Sentiment: News about a shareholder lawsuit update adds a legal headline, but the article does not indicate any new material development beyond reminding investors that litigation remains an overhang. Investors who lost money with Adobe Inc. (NASDAQ: ADBE) shares should contact the Shareholders Foundation in connection with Lawsuit
Negative Sentiment: Michael Burry’s AI bubble warning could weigh on sentiment toward software and AI-related names, since it raises concern that parts of the sector may be overextended even if Adobe itself is not singled out. Michael Burry Invests in MercadoLibre (MELI), Adobe (ADBE), PayPal (PYPL), Lululemon (LULU) — Issues AI Bubble Alert

Adobe Trading Down 0.3%

Shares of ADBE opened at $254.99 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a 50 day simple moving average of $246.83 and a 200-day simple moving average of $289.04. Adobe Inc. has a 1-year low of $224.13 and a 1-year high of $422.95. The stock has a market cap of $103.07 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 1.00 and a beta of 1.42.

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

Adobe declared that its Board of Directors has authorized a stock buyback program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to repurchase up to 24.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the transaction, the chief accounting officer owned 3,521 shares in the company, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ADBE has been the topic of a number of research reports. BMO Capital Markets lowered their price objective on shares of Adobe from $375.00 to $285.00 and set a “market perform” rating on the stock in a research note on Friday, March 13th. Piper Sandler dropped their price objective on shares of Adobe from $330.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. UBS Group dropped their price objective on shares of Adobe from $290.00 to $260.00 and set a “neutral” rating for the company in a research note on Friday, April 17th. The Goldman Sachs Group dropped their price objective on shares of Adobe from $290.00 to $220.00 and set a “sell” rating for the company in a research note on Friday, March 13th. Finally, TD Cowen dropped their price objective on shares of Adobe from $400.00 to $325.00 and set a “hold” rating for the company in a research note on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $338.15.

Get Our Latest Stock Analysis on ADBE

Adobe Profile

(Free Report)

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.