Sterling Capital Management LLC lessened its holdings in Adobe Inc. (NASDAQ:ADBE – Free Report) by 32.7% during the first quarter, HoldingsChannel reports. The fund owned 15,224 shares of the software company’s stock after selling 7,398 shares during the quarter. Sterling Capital Management LLC’s holdings in Adobe were worth $3,701,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Cambient Family Office LLC boosted its stake in Adobe by 13.1% during the 1st quarter. Cambient Family Office LLC now owns 909 shares of the software company’s stock valued at $221,000 after purchasing an additional 105 shares during the last quarter. Rooted Wealth Advisors Inc. purchased a new stake in shares of Adobe in the first quarter worth approximately $224,000. Venturi Wealth Management LLC lifted its holdings in shares of Adobe by 18.9% in the first quarter. Venturi Wealth Management LLC now owns 1,590 shares of the software company’s stock valued at $386,000 after purchasing an additional 253 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its holdings in shares of Adobe by 34.8% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 7,053 shares of the software company’s stock valued at $1,714,000 after purchasing an additional 1,819 shares in the last quarter. Finally, HF Advisory Group LLC boosted its position in shares of Adobe by 21.2% during the first quarter. HF Advisory Group LLC now owns 4,735 shares of the software company’s stock valued at $1,151,000 after buying an additional 828 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.
Insider Transactions at Adobe
In related news, CAO Jillian Forusz sold 755 shares of Adobe 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 completion of the transaction, the chief accounting officer directly owned 3,521 shares in the company, valued at approximately $867,046.25. The trade was a 17.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the sale, the chief financial officer owned 42,833 shares in the company, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,091 shares of company stock valued at $18,782,773 in the last three months. 0.20% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on ADBE
Adobe Trading Up 4.8%
NASDAQ ADBE opened at $202.73 on Friday. The business’s fifty day moving average is $236.56 and its 200-day moving average is $269.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $80.59 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.71 and a beta of 1.42. Adobe Inc. has a one year low of $190.12 and a one year high of $392.58.
Adobe (NASDAQ:ADBE – Get Free Report) last posted its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion during 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 firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $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. Equities research analysts predict that Adobe Inc. will post 19.8 EPS for the current year.
Adobe announced that its Board of Directors has authorized a stock buyback plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to purchase up to 24.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
Key Stories Impacting Adobe
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 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.
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