3,830 Shares in Adobe Inc. $ADBE Bought by Paragon Capital Management Inc.

Paragon Capital Management Inc. acquired a new stake in Adobe Inc. (NASDAQ:ADBE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,830 shares of the software company’s stock, valued at approximately $931,000.

Several other hedge funds also recently made changes to their positions in ADBE. Western Pacific Wealth Management LP purchased a new stake in shares of Adobe in the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe in the 3rd quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in Adobe during the 3rd quarter worth approximately $27,000. Caitlin John LLC purchased a new position in Adobe during the 3rd quarter worth approximately $28,000. Finally, Beacon Financial Strategies CORP acquired a new position in Adobe during the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Activity

In related news, CFO Daniel Durn sold 1,336 shares of the firm’s 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 owned 42,833 shares in the company, valued at $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 is available at this link. Also, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Insiders have sold a total of 77,091 shares of company stock valued at $18,782,773 over the last quarter. Corporate insiders own 0.20% of the company’s stock.

Adobe Price Performance

Adobe stock opened at $194.90 on Tuesday. 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 business has a 50 day simple moving average of $239.67 and a 200-day simple moving average of $273.22. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $392.58. The stock has a market capitalization of $77.47 billion, a PE ratio of 11.15, a price-to-earnings-growth ratio of 0.68 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The firm 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%. Adobe’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $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. Equities analysts predict that Adobe Inc. will post 19.73 earnings per share for the current year.

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

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced new agentic AI partnerships at Cannes Lions, including agency, technology, and systems integrator deals aimed at making Adobe the “infrastructure layer” for personalized customer experiences. The company also said it is embedding Creative Agent across Firefly and Creative Cloud, which could improve workflow productivity and deepen product usage. Adobe Accelerates Agentic AI Adoption Through New Agency and Technology Partnerships
• Positive Sentiment: Several commentators highlighted Adobe’s valuation as attractive after the selloff, with value investors and analysts pointing to strong buybacks, solid ARR trends, and what they see as an overly pessimistic view of AI disruption. One analyst also reiterated a Buy rating with a high price target, reinforcing the idea that the stock may be undervalued. Paul Chew Reiterates Buy on Adobe
• Neutral Sentiment: Adobe is expanding its free and freemium AI tools and moving further into commerce media, which could broaden adoption and support longer-term growth, but the market is still waiting to see whether this strategy translates into stronger revenue acceleration. Adobe Opens Its AI Tools For Free And Expands Into Commerce Media
• Negative Sentiment: Adobe continues to face skepticism that its AI shift could pressure pricing and growth, and some coverage noted that the company is still searching for a new CEO while its CFO departs. Citi also cut its price target to $228 from $264, keeping a Neutral rating, which may weigh on sentiment. Citi Cuts PT on Adobe Inc. (ADBE)

Analysts Set New Price Targets

Several research firms have recently weighed in on ADBE. Morgan Stanley decreased their price objective on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a report on Friday, March 13th. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Piper Sandler decreased their price target on shares of Adobe from $280.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. Dbs Bank downgraded shares of Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Mizuho dropped their price objective on shares of Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Five analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $278.16.

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.