Adobe Inc. $ADBE Stock Holdings Lifted by Tobam

Tobam increased its holdings in Adobe Inc. (NASDAQ:ADBE) by 24,128.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,392 shares of the software company’s stock after buying an additional 3,378 shares during the period. Tobam’s holdings in Adobe were worth $1,187,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

A number of research firms recently issued reports on ADBE. Evercore set a $225.00 price objective on Adobe and gave the company an “in-line” rating in a research report on Friday, June 12th. BMO Capital Markets dropped their target price on Adobe from $285.00 to $230.00 and set a “market perform” rating on the stock in a research report on Friday, June 12th. Piper Sandler cut their target price on Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Wolfe Research downgraded shares of Adobe from an “outperform” rating to a “peer perform” rating in a report on Friday, June 12th. Finally, Morgan Stanley lowered their price target on shares of Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Five investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $278.16.

Adobe Stock Performance

Shares of ADBE stock opened at $195.64 on Friday. The business has a 50 day simple moving average of $240.37 and a 200 day simple moving average of $274.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.91. The firm has a market capitalization of $77.77 billion, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.68 and a beta of 1.42. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $392.58.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $5.06 earnings per share. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, equities research analysts anticipate that Adobe Inc. will post 19.73 EPS for the current year.

Adobe announced that its board has authorized a stock repurchase program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the software company to repurchase up to 24.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe unveiled a major expansion of its Creative Agent and Firefly AI tools across Photoshop, Premiere, Illustrator, InDesign, and Frame.io, which could improve user productivity and support future monetization through deeper AI integration. Article Title
• Positive Sentiment: Adobe also announced an AI skills initiative with LinkedIn, reinforcing its positioning in the growing enterprise AI training and marketing workflow market. Article Title
• Neutral Sentiment: Adobe’s latest quarterly results beat expectations and management issued FY2026 guidance above consensus, but the stock has still lagged as investors question whether growth can reaccelerate enough to justify the valuation.
• Neutral Sentiment: Commentary from Jim Cramer was mixed, with a cautious tone around Adobe’s future because of competition and uncertainty about the company’s longer-term growth path. Article Title
• Negative Sentiment: Freedom Broker downgraded Adobe to Hold from Buy and sharply cut its price target, highlighting concerns that the post-earnings setup is less compelling than before. Article Title
• Negative Sentiment: Separate coverage noted Adobe stock falling alongside other software names amid a broader selloff in subscription software, suggesting the market is rotating away from the group despite solid fundamentals. Article Title

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the sale, the chief accounting officer directly owned 3,521 shares in the company, valued at $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the transaction, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 77,091 shares of company stock valued at $18,782,773. Company insiders own 0.20% of the company’s stock.

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.