Easterly Investment Partners LLC Buys 4,153 Shares of Adobe Inc. $ADBE

Easterly Investment Partners LLC grew its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 35.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 15,779 shares of the software company’s stock after acquiring an additional 4,153 shares during the quarter. Easterly Investment Partners LLC’s holdings in Adobe were worth $5,522,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ADBE. Western Pacific Wealth Management LP bought a new stake in shares of Adobe during the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Adobe during the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Adobe during the 3rd quarter worth $27,000. Caitlin John LLC bought a new stake in shares of Adobe during the 3rd quarter worth $28,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of Adobe during the 4th quarter worth $28,000. 81.79% of the stock is currently owned by institutional investors.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is seeing renewed buying ahead of its expected June 11 earnings release, with investors likely adjusting positions and leaning into a valuation rebound after a prolonged reset in software stocks. Adobe shares rise as investors position ahead of next earnings and lean into a valuation rebound
• Positive Sentiment: Recent commentary highlighted Adobe’s AI strategy, including AI agents and Acrobat becoming more of an AI workspace, which supports the view that Adobe can adapt its products to new workflows and defend its enterprise software franchise. Adobe Acrobat Studio review: Acrobat becomes an AI workspace
• Positive Sentiment: Adobe Analytics was named a “Champion” in Info-Tech Research Group’s 2026 Digital Analytics Data Quadrant, reinforcing the strength of Adobe’s analytics and customer-experience products. Top Digital Analytics Platforms Named 2026 Champions in Info-Tech Research Group’s Data Quadrant Report

Insider Activity

In other news, CFO Daniel Durn sold 1,336 shares of the stock in a transaction dated Monday, April 20th. The stock was 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 of the company’s stock, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 value of $18,265,500.00. Following the sale, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This represents a 17.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 77,091 shares of company stock valued at $18,782,773. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ADBE. Stifel Nicolaus dropped their price objective on Adobe from $450.00 to $400.00 and set a “buy” rating for the company in a research report on Friday, March 13th. Sanford C. Bernstein set a $447.00 price objective on Adobe and gave the stock an “outperform” rating in a research report on Friday, March 13th. Piper Sandler dropped their price objective on Adobe from $330.00 to $280.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Barclays downgraded Adobe from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $335.00 to $275.00 in a research report on Friday, March 13th. Finally, BMO Capital Markets dropped their target price on Adobe from $375.00 to $285.00 and set a “market perform” rating for the company in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, Adobe currently has an average rating of “Hold” and a consensus target price of $338.15.

Adobe Stock Performance

Shares of ADBE stock opened at $259.21 on Monday. The stock has a market cap of $104.77 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.01 and a beta of 1.42. The stock has a 50-day moving average of $244.11 and a 200-day moving average of $284.08. 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 Inc. has a 1-year low of $224.13 and a 1-year high of $421.48.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating the consensus estimate of $5.87 by $0.19. The company had revenue of $6.40 billion during the quarter, compared to analysts’ expectations of $6.28 billion. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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, equities research analysts forecast that Adobe Inc. will post 19.15 earnings per share for the current year.

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

About Adobe

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.