W.G. Shaheen & Associates DBA Whitney & Co Acquires 3,533 Shares of Adobe Inc. $ADBE

W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 8.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,498 shares of the software company’s stock after purchasing an additional 3,533 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Adobe were worth $11,303,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Brighton Jones LLC boosted its stake in shares of Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after buying an additional 167 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Adobe by 25.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after acquiring an additional 486 shares in the last quarter. United Bank increased its position in shares of Adobe by 12.8% in the second quarter. United Bank now owns 3,773 shares of the software company’s stock valued at $1,460,000 after acquiring an additional 428 shares during the last quarter. Schnieders Capital Management LLC. increased its position in shares of Adobe by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock valued at $1,017,000 after acquiring an additional 190 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in Adobe by 190.6% during the second quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock worth $1,069,000 after acquiring an additional 1,813 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Insiders Place Their Bets

In other Adobe news, Director David A. Ricks purchased 10,000 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was acquired at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the acquisition, the director directly owned 17,655 shares of the company’s stock, valued at $3,434,074.05. This trade represents a 130.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction on 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 transaction, the chief executive officer directly 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 77,091 shares of company stock worth $18,782,773 in the last quarter. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ADBE. HSBC raised Adobe from a “hold” rating to a “buy” rating and increased their price target for the company from $282.00 to $308.00 in a research report on Thursday, July 2nd. Stifel Nicolaus reiterated a “hold” rating and set a $200.00 price objective (down from $350.00) on shares of Adobe in a research note on Friday, June 12th. Royal Bank Of Canada dropped their price objective on Adobe from $350.00 to $285.00 and set an “outperform” rating on the stock in a research note on Monday, June 8th. Piper Sandler cut their price objective on Adobe from $280.00 to $240.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Adobe from $420.00 to $340.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Six analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $275.00.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Several recent commentary pieces argue Adobe is a compelling buying opportunity after its pullback, with bullish takes saying fear around “SaaSpocalypse” is fading and that the company’s long-standing software moat still supports the stock. Adobe: Generational Buying Opportunity As SaaSpocalypse Fear Fades
• Positive Sentiment: Adobe is also being highlighted in broader AI and digital commerce discussions, with its generative AI initiatives and prior Rephrase.AI acquisition cited as supporting future growth in content creation and marketing tools. E-Commerce Update – AI Transforming Digital Retail Through Innovation and Connectivity
• Positive Sentiment: Momentum-focused coverage from Zacks described Adobe as a top-ranked momentum stock, reinforcing the view that the shares could continue to attract buyers. Adobe Systems (ADBE) is a Top-Ranked Momentum Stock: Should You Buy?
• Neutral Sentiment: Some articles discuss Adobe within broader software valuation and AI-moat themes, but they are more industry commentary than direct catalysts for Adobe’s fundamentals. Alpha Buying: The Real Moats AI Can’t Replace
• Negative Sentiment: One piece suggests users can replace Adobe Acrobat with a faster open-source PDF toolkit, which may add to investor concerns about competition and pressure on Adobe’s document workflow business. I replaced Adobe Acrobat with a 10x faster, browser-based open-source PDF toolkit

Adobe Price Performance

Shares of NASDAQ ADBE opened at $235.31 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average price is $228.89 and its two-hundred day moving average price is $256.32. The company has a market cap of $93.54 billion, a PE ratio of 13.46, a price-to-earnings-growth ratio of 0.76 and a beta of 1.43. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $376.16.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data 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 company had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the firm posted $5.06 earnings per share. The business’s revenue was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, analysts predict that Adobe Inc. will post 19.81 EPS for the current year.

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

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.