K.J. Harrison & Partners Inc Makes New Investment in Adobe Inc. $ADBE

K.J. Harrison & Partners Inc bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,212 shares of the software company’s stock, valued at approximately $774,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position 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 valued at $3,588,000 after acquiring an additional 167 shares during the last quarter. Sivia Capital Partners LLC boosted its position in shares of Adobe by 25.5% during 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 during the last quarter. United Bank boosted its position in shares of Adobe by 12.8% during the 2nd 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. boosted its position in shares of Adobe by 7.8% during the 2nd 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 boosted its position in shares of Adobe by 190.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock valued at $1,069,000 after acquiring an additional 1,813 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the sale, the chief financial officer directly owned 42,833 shares in the company, valued at $10,623,440.66. This 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 is available at the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer owned 359,538 shares in the company, valued at $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,091 shares of company stock worth $18,782,773 over the last three months. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADBE. Robert W. Baird set a $350.00 price target on shares of Adobe in a research report on Wednesday, January 14th. BTIG Research began coverage on shares of Adobe in a research report on Monday, April 13th. They set a “neutral” rating on the stock. Mizuho reissued a “neutral” rating and set a $270.00 price target (down from $315.00) on shares of Adobe in a research report on Monday, April 27th. Jefferies Financial Group reduced their price objective on shares of Adobe from $400.00 to $290.00 and set a “hold” rating on the stock in a report on Monday, February 23rd. Finally, Summit Redstone set a $350.00 price objective on shares of Adobe in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $338.15.

Adobe Stock Up 2.5%

Shares of ADBE opened at $256.51 on Friday. The firm has a market cap of $103.68 billion, a P/E ratio of 14.94, a price-to-earnings-growth ratio of 0.98 and a beta of 1.42. Adobe Inc. has a 12-month low of $224.13 and a 12-month high of $422.95. The company’s 50-day moving average price is $250.40 and its 200 day moving average price is $295.01. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.87 by $0.19. The company had revenue of $6.40 billion for the quarter, compared to analyst estimates of $6.28 billion. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.08 earnings per share. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. On average, sell-side analysts forecast that Adobe Inc. will post 19.14 earnings per share for the current year.

Adobe declared that its Board of Directors has approved a share buyback program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the software company to purchase 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.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe unveiled a new AI productivity agent that integrates Acrobat PDF intelligence and can generate rich content (presentations, podcasts, images and text), aiming to deepen Creative Cloud and Acrobat use cases — a product move that could drive adoption, upsells and differentiation. Adobe launches productivity agent with AI-powered PDF tools, podcast creation and interactive sharing
• Positive Sentiment: Coverage highlights a reported ~US$25 billion buyback discussion alongside the AI agent — a large buyback would be EPS?accretive, signal management confidence, and provide a near?term floor for the stock if enacted. Will Adobe’s (ADBE) US$25 Billion Buyback and New AI Agent Reshape Its Investment Narrative
• Neutral Sentiment: Multiple tech outlets detail the agent’s PDF/creator features and positioning (practical for enterprises and creators). These product details clarify the roadmap but don’t guarantee adoption timing — helpful for long?term thesis but mixed for immediate revenue impact. Adobe made an AI agent for PDFs
• Neutral Sentiment: Adobe India execs say India is a key innovation center (significant R&D contribution to Firefly and agent work); region-level execution could accelerate product development but is a longer?term growth input. Firms fixing workflows before deploying agentic AI tools: Prativa Mohapatra, Adobe India
• Negative Sentiment: Analysts and market pieces flag that ADBE is down ~27% YTD and now trades at a low P/E (~10), reflecting investor skepticism on SaaS multiples and the pace of GenAI monetization — that bearish backdrop tempers enthusiasm for product headlines. Adobe Falls 27% YTD, Trades at a Discount: What Should Investors Do?
• Negative Sentiment: Short?term weakness persists: articles noting the stock “sank” during recent sessions point to technical selling and cautious analyst commentary despite the product launch — risk that the market wants clearer adoption/revenue proof. Adobe Systems (ADBE) Stock Sinks As Market Gains: Here’s Why
• Negative Sentiment: Critical op?eds question Adobe’s long?term trajectory and draw comparisons to past technology falls, adding to negative sentiment that could pressure shares if buybacks or monetization milestones don’t appear. Adobe: The Next Nokia?

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.