Steigerwald Gordon & Koch Inc. Decreases Stock Position in Adobe Inc. $ADBE

Steigerwald Gordon & Koch Inc. trimmed its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 37.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,644 shares of the software company’s stock after selling 13,829 shares during the quarter. Steigerwald Gordon & Koch Inc.’s holdings in Adobe were worth $5,504,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Willis Investment Counsel increased its holdings in shares of Adobe by 138.9% in the 4th quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock valued at $14,250,000 after acquiring an additional 23,671 shares during the last quarter. Nicholas Company Inc. raised its position in shares of Adobe by 7.6% during the 4th quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock worth $61,117,000 after acquiring an additional 12,400 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Adobe by 13.4% during the fourth quarter. Teacher Retirement System of Texas now owns 215,611 shares of the software company’s stock worth $75,462,000 after purchasing an additional 25,435 shares during the last quarter. Wealthfront Advisers LLC lifted its stake in Adobe by 13.2% during the fourth quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock worth $19,312,000 after purchasing an additional 6,426 shares during the last quarter. Finally, True North Advisors LLC boosted its holdings in Adobe by 301.1% in the fourth quarter. True North Advisors LLC now owns 6,493 shares of the software company’s stock valued at $2,273,000 after purchasing an additional 4,874 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: HSBC upgraded Adobe to Buy and said AI concerns have created an overly pessimistic valuation, helping fuel a rally in the stock. This Adobe analyst is going against the grain by telling investors to buy the stock
• Positive Sentiment: Adobe is expanding its AI push with Firefly Foundry and a broader freemium funnel, which could increase adoption of its creative tools and support longer-term growth. Adobe (ADBE) Launches Firefly Foundry As It Pushes AI Tools To More Users
• Positive Sentiment: An insider reportedly increased his Adobe stake by 130%, signaling internal confidence in the company’s turnaround and AI strategy. 1 Adobe Insider Just Boosted His Stake by 130%. Why He Is Betting Big on ADBE Right Now.
• Neutral Sentiment: Several articles highlighted Adobe as a long-term value or “best SaaS stock” idea, but these were largely opinion pieces rather than new fundamental updates. Why Adobe Systems (ADBE) is a Top Value Stock for the Long-Term
• Neutral Sentiment: Commentary from analysts and investors continued to debate whether Adobe’s growth is slowing or whether the market is underestimating its resilience against AI disruption. Analyst Sees Slower Growth Tempering Outlook for Adobe (ADBE)
• Negative Sentiment: Phillip Securities downgraded Adobe to Neutral from Buy and cut its price target sharply, reflecting concern that growth may slow even as legacy software remains durable. Analyst Sees Slower Growth Tempering Outlook for Adobe (ADBE)

Insider Buying and Selling at Adobe

In other Adobe news, Director David A. Ricks bought 10,000 shares of the firm’s stock in a transaction dated Thursday, June 25th. The stock was acquired at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the purchase, the director owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 359,538 shares in the company, valued at approximately $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 worth $18,782,773 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Adobe Stock Performance

Shares of Adobe stock opened at $219.72 on Friday. The firm’s fifty day simple moving average is $232.91 and its 200-day simple moving average is $265.14. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $386.60. The stock has a market capitalization of $87.34 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share 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 firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the business earned $5.06 EPS. Adobe’s quarterly revenue was up 12.7% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. As a group, equities analysts forecast that Adobe Inc. will post 19.8 earnings per share for the current year.

Adobe announced that its Board of Directors has authorized a stock buyback 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 typically an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on ADBE. Weiss Ratings reiterated a “sell (d+)” rating on shares of Adobe in a research note on Wednesday, June 3rd. Citigroup restated a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Jefferies Financial Group dropped their target price on shares of Adobe from $290.00 to $230.00 and set a “hold” rating on the stock in a research report on Friday, June 12th. Argus reiterated a “hold” rating on shares of Adobe in a research note on Monday, March 16th. Finally, DA Davidson cut their price target on shares of Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. Six investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $278.40.

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.