Adobe Inc. $ADBE Shares Bought by Clark Capital Management Group Inc.

Posted by Brian Himes on Jun 17th, 2026

Clark Capital Management Group Inc. grew its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 48.8% during the fourth quarter, Holdings Channel reports. The firm owned 156,092 shares of the software company’s stock after purchasing an additional 51,162 shares during the period. Clark Capital Management Group Inc.’s holdings in Adobe were worth $54,631,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC purchased a new position in shares of Adobe during the third quarter worth approximately $26,000. Western Pacific Wealth Management LP purchased a new position in shares of Adobe during the fourth quarter worth approximately $26,000. Caitlin John LLC purchased a new position in shares of Adobe during the third quarter worth approximately $28,000. Beacon Financial Strategies CORP purchased a new position in shares of Adobe during the fourth quarter worth approximately $28,000. Finally, TrustBank purchased a new position in shares of Adobe during the fourth quarter worth approximately $28,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ADBE shares. UBS Group set a $365.00 price objective on shares of Adobe in a research report on Friday. Wolfe Research lowered shares of Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a research report on Friday. Robert W. Baird lowered their price objective on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Adobe in a research report on Wednesday, June 3rd. Five investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $278.16.

View Our Latest Stock Report on ADBE

Adobe Price Performance

Shares of NASDAQ ADBE opened at $207.32 on Wednesday. The firm has a market capitalization of $83.80 billion, a P/E ratio of 11.86, a PEG ratio of 0.72 and a beta of 1.42. Adobe Inc. has a one year low of $196.90 and a one year high of $399.67. The company’s fifty day moving average is $243.10 and its two-hundred day moving average is $276.75. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.91 and a current ratio of 0.75.

Adobe (NASDAQ:ADBE – Get Free Report) last issued its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $5.06 EPS. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Analysts forecast that Adobe Inc. will post 19.87 EPS for the current fiscal year.

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

Insider Transactions at Adobe

In other news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction 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 owned 42,833 shares of the company’s stock, valued at $10,623,440.66. The trade was a 3.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 value of $18,265,500.00. Following the transaction, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This trade represents a 17.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,091 shares of company stock valued at $18,782,773 in the last 90 days. 0.20% of the stock is currently owned by insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe and LinkedIn launched a global AI skills initiative for marketers, which supports Adobe’s positioning as an AI enabler and could strengthen long-term product adoption. Adobe & LinkedIn Launch Global AI Skills Initiative for Marketing Professionals
Positive Sentiment: Several articles highlighted Adobe as potentially undervalued after its recent selloff, with some analysts and commentators calling it a buy-the-dip or value opportunity following its strong earnings and raised guidance. Should You Buy, Sell or Hold Adobe Stock Post Q2 Earnings?
Neutral Sentiment: Market commentary from Barchart and other outlets suggests traders are debating whether the post-earnings weakness is overdone, with options data and technicals still pointing to elevated volatility. Following Adobe Earnings, Here’s What Barchart Data Says Is Next for ADBE Stock
Neutral Sentiment: TD Cowen cut its price target on Adobe from $310 to $285, citing mixed signals including slower spending trends and weaker AI credit demand, but kept a Hold rating. Adobe (ADBE) Price Target Cut as TD Cowen Flags Slowing Spend and Weak AI Credit Demand
Negative Sentiment: Adobe’s CFO departure is weighing on sentiment, with investors seeing the leadership change as a risk at a time when the company is already facing valuation and growth concerns. Adobe Sinks After CFO Departure. It’s Now a Classic Battleground Stock.

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.