Adobe Inc. $ADBE Shares Acquired by Sicart Associates LLC

Sicart Associates LLC increased its holdings in Adobe Inc. (NASDAQ:ADBE) by 93.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,250 shares of the software company’s stock after acquiring an additional 19,473 shares during the quarter. Adobe makes up 2.5% of Sicart Associates LLC’s portfolio, making the stock its 14th biggest position. Sicart Associates LLC’s holdings in Adobe were worth $9,784,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. SWAN Capital LLC lifted its position in shares of Adobe by 43.1% in the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock worth $36,000 after buying an additional 31 shares during the last quarter. Logan Capital Management Inc. lifted its holdings in Adobe by 0.3% in the 3rd quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock valued at $3,453,000 after acquiring an additional 32 shares during the last quarter. Peoples Bank KS boosted its stake in shares of Adobe by 1.6% during the 4th quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock worth $714,000 after acquiring an additional 33 shares in the last quarter. Rosenberg Matthew Hamilton grew its holdings in shares of Adobe by 16.1% during the fourth quarter. Rosenberg Matthew Hamilton now owns 245 shares of the software company’s stock valued at $86,000 after buying an additional 34 shares in the last quarter. Finally, Marquette Asset Management LLC increased its position in Adobe by 72.3% in the 4th quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after purchasing an additional 34 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ADBE shares. Argus reissued a “hold” rating on shares of Adobe in a research report on Monday, March 16th. KeyCorp reduced their target price on Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a report on Friday, June 12th. Evercore set a $225.00 price target on shares of Adobe and gave the company an “in-line” rating in a report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Adobe in a research report on Friday, March 13th. Finally, Morgan Stanley cut their target price on shares of Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a research note on Friday, March 13th. Five equities research 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 company’s stock. According to MarketBeat.com, Adobe currently has a consensus rating of “Hold” and an average target price of $278.16.

Insiders Place Their Bets

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the business’s 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 completion of the transaction, the chief executive officer owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. The trade was a 17.26% 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 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 sale, the chief accounting officer directly owned 3,521 shares in the company, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 77,091 shares of company stock worth $18,782,773. Insiders own 0.20% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a definitive agreement to acquire Topaz Labs, an AI image and video enhancement company. Investors may view the deal as a strategic move to strengthen Creative Cloud with better generative AI tools and improve its competitive position. Adobe to Acquire Topaz Labs
• Positive Sentiment: A director, David A. Ricks, bought 10,000 shares at $194.51 each, boosting his stake by more than 130%. Insider buying can signal confidence in Adobe’s outlook after the stock’s pullback. David A. Ricks insider trade
• Positive Sentiment: Recent earnings were strong: Adobe posted record revenue of $6.62 billion and EPS of $5.96, both above estimates, and raised its full-year guidance. That supports the case that the business is still growing despite AI-related worries. Adobe Stock Opinions on Recent Q2 Earnings Report
• Neutral Sentiment: Industry commentary and analyst notes continue to highlight Adobe’s strong cash flow and leadership in creative software, but also raise questions about valuation and competitive pressure from AI tools. Adobe vs. Innodata: Which Technology Stock Is a Better Buy in 2026?
• Negative Sentiment: Adobe remains well below recent highs, and some investors are still focused on whether generative AI could pressure core products like Creative Cloud. This helps explain why the stock has been volatile despite the upbeat news flow.

Adobe Trading Up 4.8%

Shares of Adobe stock opened at $202.73 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $392.58. The firm has a 50-day moving average of $236.56 and a 200-day moving average of $269.83. The stock has a market cap of $80.59 billion, a PE ratio of 11.60, a PEG ratio of 0.68 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, sell-side analysts forecast that Adobe Inc. will post 19.8 EPS for the current year.

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

About Adobe

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.