Saranac Partners Ltd Invests $797,000 in Adobe Inc. $ADBE

Saranac Partners Ltd bought a new stake in Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 3,889 shares of the software company’s stock, valued at approximately $797,000.

Several other institutional investors and hedge funds have also bought and sold shares of ADBE. BlackRock Inc. bought a new stake in Adobe in the second quarter valued at approximately $8,437,821,000. State Street Corp grew its holdings in shares of Adobe by 1.7% in the third quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after purchasing an additional 352,448 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Adobe by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock worth $4,027,170,000 after buying an additional 414,049 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Adobe by 9.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock valued at $1,651,066,000 after buying an additional 563,772 shares during the last quarter. Finally, Norges Bank bought a new stake in Adobe during the 4th quarter valued at $2,275,165,000. 81.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ADBE has been the subject of several recent analyst reports. Freedom Capital downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Oppenheimer restated a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Wolfe Research cut Adobe from an “outperform” rating to a “peer perform” rating in a report on Friday, June 12th. Weiss Ratings cut Adobe from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, August 17th. Finally, Phillip Securities lowered Adobe from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Seven investment 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $270.96.

Adobe Stock Performance

Shares of ADBE opened at $275.30 on Monday. 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 stock has a market cap of $109.43 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.93 and a beta of 1.40. The business’s 50 day moving average price is $232.61 and its 200-day moving average price is $244.65. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $370.86.

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 company had revenue of $6.62 billion during 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 firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $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 research analysts anticipate that Adobe Inc. will post 19.8 earnings per share for the current fiscal year.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bank of America raised its Adobe price target, citing the company’s potential to monetize AI and its positioning within a broader software-sector rally. The forecast increase has reinforced bullish sentiment toward ADBE. Bank of America price-target increase
• Positive Sentiment: Adobe expanded Firefly’s capabilities by making AI-generated music, voiceovers, and sound effects broadly available. The move strengthens Adobe’s creative-AI product portfolio and could support new user adoption, engagement, and revenue opportunities. Adobe Firefly audio tools
• Positive Sentiment: An Adobe survey reported that 87% of creators say AI is helping them grow their businesses. The findings support demand for Adobe’s AI tools, although survey data is not a direct measure of financial performance. Adobe creator AI report
• Neutral Sentiment: Several analysts and market commentators describe Adobe’s valuation as attractive after its recovery, with some viewing the rebound as the beginning of a stronger turnaround. However, the stock’s outlook remains dependent on converting AI interest into sustained growth and cash flow. Adobe recovery analysis
• Negative Sentiment: Adobe has risen roughly 45% from its 2026 low, prompting caution that much of the near-term recovery may already be priced in. One analysis recommends taking some profits despite still-reasonable valuation metrics. Adobe rally and valuation analysis
• Negative Sentiment: Commentary warning that profitability alone cannot protect companies from intensifying competition highlights a longer-term risk for Adobe, particularly as generative-AI rivals pressure pricing and product differentiation. Profitability and competition analysis

Insider Buying and Selling at Adobe

In related news, Director David A. Ricks purchased 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The stock was purchased at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the acquisition, the director directly owned 17,655 shares of the company’s stock, valued at $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is owned by company 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.