Adobe Inc. $ADBE Shares Purchased by Sienna Gestion

Sienna Gestion boosted its holdings in Adobe Inc. (NASDAQ:ADBE) by 8.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 35,935 shares of the software company’s stock after buying an additional 2,769 shares during the quarter. Sienna Gestion’s holdings in Adobe were worth $12,604,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. SWAN Capital LLC increased its stake in Adobe by 43.1% in the third quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after purchasing an additional 31 shares during the last quarter. Logan Capital Management Inc. increased its stake in Adobe by 0.3% in the third quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock valued at $3,453,000 after purchasing an additional 32 shares during the last quarter. Peoples Bank KS increased its stake in Adobe by 1.6% in the fourth quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock valued at $714,000 after purchasing an additional 33 shares during the last quarter. Rosenberg Matthew Hamilton increased its stake in Adobe by 16.1% in the fourth quarter. Rosenberg Matthew Hamilton now owns 245 shares of the software company’s stock valued at $86,000 after purchasing an additional 34 shares during the last quarter. Finally, Marquette Asset Management LLC increased its stake in Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after purchasing an additional 34 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Price Performance

ADBE stock opened at $206.36 on Tuesday. Adobe Inc. has a 12-month low of $196.90 and a 12-month high of $405.00. The stock has a 50-day moving average price of $243.81 and a two-hundred day moving average price of $277.53. The company has a current ratio of 0.75, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. The company has a market cap of $83.41 billion, a PE ratio of 11.81, a price-to-earnings-growth ratio of 0.80 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter last year, the firm earned $5.06 earnings per share. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. As a group, research analysts predict that Adobe Inc. will post 19.14 EPS for the current year.

Adobe announced that its board has initiated a share repurchase plan on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the software company to buy up to 24.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity

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

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of research reports. UBS Group set a $365.00 price target on Adobe in a research report on Friday. Sanford C. Bernstein lowered their price target on Adobe from $447.00 to $379.00 and set an “outperform” rating for the company in a research report on Friday. TD Cowen lowered their price target on Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a research report on Monday, June 8th. BTIG Research initiated coverage on Adobe in a research report on Monday, April 13th. They set a “neutral” rating for the company. Finally, Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Five equities research analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, Adobe currently has a consensus rating of “Hold” and an average price target of $278.16.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Several analysts and market commentators argue Adobe looks unusually cheap after the selloff, citing valuation below 10x earnings, strong Q2 results, and raised guidance as reasons the stock could recover. Article Title
• Positive Sentiment: Articles from 247WallSt, Seeking Alpha, and other outlets highlight the gap between Adobe’s strong fundamentals and its depressed share price, with some calling it a buying opportunity and assigning significant upside targets. Article Title
• Positive Sentiment: AI product adoption remains a support for the bull case, with reports saying Adobe’s AI tools such as Firefly are gaining users, even if the company still needs to convert that usage into stronger revenue growth. Article Title
• Neutral Sentiment: Some coverage frames the stock as undervalued or a “bargain,” but this is mostly valuation commentary rather than a fresh operational catalyst. Article Title
• Negative Sentiment: Bearish commentary continues to weigh on sentiment, with analysts and options-market-based reports warning that investors still doubt Adobe’s growth durability and AI monetization, which may explain why the stock remains under pressure despite the earnings beat. Article Title
• Negative Sentiment: Ongoing headlines about a “continued deceleration,” “value trap” concerns, and fears around strategic transition risk and leadership changes suggest investors are still skeptical that Adobe can reaccelerate growth soon. Article Title

Adobe Company 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.