Graham Capital Management L.P. Buys 14,876 Shares of Adobe Inc. $ADBE

Posted by Brian Himes on Jun 17th, 2026

Graham Capital Management L.P. lifted its stake in Adobe Inc. (NASDAQ:ADBE – Free Report) by 106.7% during the 4th quarter, Holdings Channel reports. The firm owned 28,824 shares of the software company’s stock after acquiring an additional 14,876 shares during the period. Graham Capital Management L.P.’s holdings in Adobe were worth $10,088,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Willis Investment Counsel raised its stake in Adobe by 138.9% during the 4th quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock worth $14,250,000 after buying an additional 23,671 shares during the period. Victory Capital Management Inc. raised its stake in Adobe by 112.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,341,410 shares of the software company’s stock worth $469,467,000 after buying an additional 710,357 shares during the period. Nicholas Company Inc. raised its stake in Adobe by 7.6% during the 4th quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock worth $61,117,000 after buying an additional 12,400 shares during the period. Teacher Retirement System of Texas raised its stake in Adobe by 13.4% during the 4th quarter. Teacher Retirement System of Texas now owns 215,611 shares of the software company’s stock worth $75,462,000 after buying an additional 25,435 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in Adobe by 13.2% during the 4th quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock worth $19,312,000 after buying an additional 6,426 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Performance

ADBE opened at $207.32 on Wednesday. The business’s 50-day moving average price is $243.10 and its two-hundred day moving average price is $276.75. Adobe Inc. has a 1 year low of $196.90 and a 1 year high of $399.67. The company has a market capitalization of $83.80 billion, a price-to-earnings ratio of 11.86, a P/E/G ratio of 0.72 and a beta of 1.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.91.

Adobe (NASDAQ:ADBE – Get Free Report) last released 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. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter last year, the business posted $5.06 EPS. The company’s revenue for the quarter 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. Equities analysts expect that Adobe Inc. will post 19.87 EPS for the current fiscal year.

Adobe announced that its board has initiated a share repurchase plan on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the software company to buy up to 24.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

More Adobe News

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.

Analysts Set New Price Targets

ADBE has been the topic of several research analyst reports. Wolfe Research downgraded Adobe from an “outperform” rating to a “peer perform” rating in a research note on Friday. Jefferies Financial Group dropped their price objective on Adobe from $290.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday. BTIG Research initiated coverage on Adobe in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Finally, KeyCorp dropped their price objective on Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research note on Friday. Five research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $278.16.

Read Our Latest Research Report on ADBE

Insider Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the sale, the chief accounting officer owned 3,521 shares of the company’s stock, valued at $867,046.25. This trade represents a 17.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the sale, the chief financial officer directly owned 42,833 shares in the company, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have 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 company insiders.

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.