Northbridge Financial Group LLC Makes New $758,000 Investment in Adobe Inc. $ADBE

Northbridge Financial Group LLC purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,167 shares of the software company’s stock, valued at approximately $758,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP acquired a new stake in Adobe during the 4th quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe during the 3rd quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Adobe during the 3rd quarter valued at about $27,000. Caitlin John LLC acquired a new stake in shares of Adobe during the 3rd quarter valued at about $28,000. Finally, Beacon Financial Strategies CORP acquired a new stake in shares of Adobe during the 4th quarter valued at about $28,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Stifel Nicolaus dropped their target price on Adobe from $450.00 to $400.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Citigroup restated a “neutral” rating on shares of Adobe in a research report on Friday, April 10th. UBS Group dropped their target price on Adobe from $290.00 to $260.00 and set a “neutral” rating on the stock in a research report on Friday, April 17th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Morgan Stanley dropped their target price on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $338.15.

Adobe Trading Down 0.3%

Shares of Adobe stock opened at $254.99 on Wednesday. The firm has a market capitalization of $103.07 billion, a PE ratio of 14.85, a P/E/G ratio of 1.00 and a beta of 1.42. Adobe Inc. has a twelve month low of $224.13 and a twelve month high of $422.95. The firm’s 50-day moving average price is $246.83 and its 200 day moving average price is $289.04. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last released its earnings results 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 for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the company posted $5.08 EPS. The business’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. On average, sell-side analysts predict that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe announced that its board has approved a stock buyback plan on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to reacquire up to 24.9% of its shares through open market purchases. Shares buyback plans are generally an indication 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: 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

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at $867,046.25. This trade represents a 17.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the transaction, the chief financial officer directly owned 42,833 shares in the company, valued at $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 77,091 shares of company stock valued at $18,782,773 in the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

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.