Quartz Partners LLC Increases Holdings in Adobe Inc. $ADBE

Quartz Partners LLC lifted its holdings in Adobe Inc. (NASDAQ:ADBE) by 29.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,120 shares of the software company’s stock after acquiring an additional 3,441 shares during the period. Adobe accounts for about 1.4% of Quartz Partners LLC’s portfolio, making the stock its 28th biggest holding. Quartz Partners LLC’s holdings in Adobe were worth $3,675,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Western Pacific Wealth Management LP purchased a new position in Adobe in the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in Adobe in the 3rd quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Adobe during the 3rd quarter valued at approximately $27,000. Beacon Financial Strategies CORP purchased a new stake in Adobe during the 4th quarter valued at approximately $28,000. Finally, Marquette Asset Management LLC raised its position in shares of Adobe by 72.3% during the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after buying an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

Adobe stock opened at $235.31 on Friday. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $376.16. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The firm’s fifty day moving average is $228.89 and its 200 day moving average is $256.32. The company has a market cap of $93.54 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.76 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the company posted $5.06 EPS. The business’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. Sell-side analysts forecast that Adobe Inc. will post 19.81 EPS for the current fiscal year.

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

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Several recent commentary pieces argue Adobe is a compelling buying opportunity after its pullback, with bullish takes saying fear around “SaaSpocalypse” is fading and that the company’s long-standing software moat still supports the stock. Adobe: Generational Buying Opportunity As SaaSpocalypse Fear Fades
• Positive Sentiment: Adobe is also being highlighted in broader AI and digital commerce discussions, with its generative AI initiatives and prior Rephrase.AI acquisition cited as supporting future growth in content creation and marketing tools. E-Commerce Update – AI Transforming Digital Retail Through Innovation and Connectivity
• Positive Sentiment: Momentum-focused coverage from Zacks described Adobe as a top-ranked momentum stock, reinforcing the view that the shares could continue to attract buyers. Adobe Systems (ADBE) is a Top-Ranked Momentum Stock: Should You Buy?
• Neutral Sentiment: Some articles discuss Adobe within broader software valuation and AI-moat themes, but they are more industry commentary than direct catalysts for Adobe’s fundamentals. Alpha Buying: The Real Moats AI Can’t Replace
• Negative Sentiment: One piece suggests users can replace Adobe Acrobat with a faster open-source PDF toolkit, which may add to investor concerns about competition and pressure on Adobe’s document workflow business. I replaced Adobe Acrobat with a 10x faster, browser-based open-source PDF toolkit

Wall Street Analysts Forecast Growth

ADBE has been the topic of several research analyst reports. Robert W. Baird lowered their target price on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Freedom Capital cut shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adobe in a report on Wednesday, June 3rd. Citigroup reiterated a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Finally, Royal Bank Of Canada dropped their price objective on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating for the company in a report on Monday, June 8th. Six analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $275.00.

Insider Buying and Selling at Adobe

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the company’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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director David A. Ricks acquired 10,000 shares of the stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the purchase, the director directly owned 17,655 shares in the company, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 in the last 90 days. 0.20% of the stock is currently owned by insiders.

Adobe 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.