Banco BTG Pactual S.A. purchased a new stake in Adobe Inc. (NASDAQ:ADBE – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 20,000 shares of the software company’s stock, valued at approximately $7,000,000. Adobe accounts for 1.2% of Banco BTG Pactual S.A.’s investment portfolio, making the stock its 21st biggest position.
A number of other large investors also recently made changes to their positions in ADBE. Western Pacific Wealth Management LP acquired a new position in shares of Adobe in the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Adobe in the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Adobe in the 3rd quarter valued at $27,000. Caitlin John LLC bought a new stake in shares of Adobe in the 3rd quarter valued at $28,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of Adobe in the 4th quarter valued at $28,000. Institutional investors and hedge funds own 81.79% of the company’s stock.
Adobe News Summary
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe reported record Q2 revenue of $6.62 billion and EPS of $5.96, both above Wall Street estimates, showing the core business is still beating expectations. Adobe Reports Record Q2 Results
- Positive Sentiment: The company raised its FY2026 outlook, guiding revenue to $26.5 billion-$26.6 billion and EPS to $24.35-$24.45, both above analyst consensus, which suggests management sees continued momentum ahead. Adobe raises annual revenue forecast, CFO to exit
- Neutral Sentiment: Adobe also said AI-driven demand and higher subscription spending helped drive results, reinforcing that its AI products are contributing to growth, though investors still want clearer proof this will last. Adobe posts record Q2 revenue and raises 2026 outlook
- Negative Sentiment: Shares are being weighed down by another senior departure, with CFO Dan Durn set to leave for Marvell, adding to concerns about leadership instability while Adobe is also searching for a new CEO. Adobe is losing another top executive, and investors don’t like it
- Negative Sentiment: Investors remain skeptical that Adobe’s AI push will translate into sustained growth, and that uncertainty has kept pressure on the stock even after the earnings beat. Adobe Stock Sinks to Multi-Year Low Ahead of Earnings
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on ADBE
Insiders Place Their Bets
In other news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the transaction, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $87,561,884.52. This represents a 17.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 77,091 shares of company stock worth $18,782,773 over the last three months. Insiders own 0.20% of the company’s stock.
Adobe Price Performance
Shares of NASDAQ ADBE opened at $218.24 on Friday. Adobe Inc. has a fifty-two week low of $218.09 and a fifty-two week high of $416.39. The stock has a market capitalization of $88.21 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 0.91 and a beta of 1.42. The business has a 50-day moving average of $245.29 and a 200-day moving average of $279.13. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91.
Adobe (NASDAQ:ADBE – Get Free Report) last issued its 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. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period last year, the business posted $5.06 EPS. Adobe’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. As a group, sell-side analysts predict that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.
Adobe announced that its board has authorized a share repurchase program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to buy up to 24.9% of its shares through open market purchases. Shares buyback programs are typically an indication 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.
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