Rathbones Group PLC Has $32.97 Million Stock Position in Adobe Inc. $ADBE

Rathbones Group PLC decreased its position in Adobe Inc. (NASDAQ:ADBE) by 66.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 135,648 shares of the software company’s stock after selling 264,698 shares during the quarter. Rathbones Group PLC’s holdings in Adobe were worth $32,973,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. First National Bank of Mount Dora Trust Investment Services lifted its position in Adobe by 32.4% during the 1st quarter. First National Bank of Mount Dora Trust Investment Services now owns 24,949 shares of the software company’s stock worth $6,065,000 after acquiring an additional 6,102 shares during the last quarter. DV Trading LLC boosted its position in Adobe by 121.6% in the first quarter. DV Trading LLC now owns 8,859 shares of the software company’s stock valued at $2,153,000 after buying an additional 49,960 shares in the last quarter. First Nebraska Trust Co acquired a new stake in shares of Adobe in the first quarter valued at $2,142,000. Financial Solutions Advisory Group Inc. acquired a new position in Adobe during the 1st quarter worth $1,035,000. Finally, Allen Capital Group LLC grew its position in shares of Adobe by 18.3% during the 1st quarter. Allen Capital Group LLC now owns 8,478 shares of the software company’s stock worth $2,061,000 after buying an additional 1,309 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction 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 $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Ricks acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the acquisition, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. The trade was a 130.63% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.20% of the company’s stock.

Adobe Stock Performance

NASDAQ:ADBE opened at $250.41 on Monday. The firm has a market cap of $99.54 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $370.86. The business has a 50 day moving average price of $226.69 and a 200-day moving average price of $248.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75.

Adobe (NASDAQ:ADBE) last announced its earnings results 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. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the firm posted $5.06 EPS. The company’s revenue for the quarter 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. Equities research analysts predict that Adobe Inc. will post 19.81 earnings per share for the current year.

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

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s latest AI acquisition reportedly cleared Washington without significant regulatory obstacles, removing a potential deal risk and strengthening the company’s efforts to expand AI-powered creative tools. Adobe’s latest AI acquisition just breezed through Washington
• Positive Sentiment: Recent commentary argues that AI is enhancing Adobe’s business rather than replacing it, potentially supporting new monetization opportunities, stronger customer engagement and a rebuilding of the company’s growth engine. Adobe’s latest quarterly results also showed roughly 13% year-over-year revenue growth and performance above analyst expectations. Adobe: How AI Is Enhancing Its Business, Not Killing It
• Positive Sentiment: Investors are also considering ways to participate in Adobe’s AI upside while hedging risks, suggesting that the stock remains a significant target for AI-related trading and positioning. As Adobe monetizes AI, here’s a way to trade it and hedge against risks
• Neutral Sentiment: Analyst and investor views remain divided. Some see Adobe’s valuation and free-cash-flow generation as attractive, while others remain concerned about AI disruption, software-sector weakness and the need to restore faster growth. Adobe Stock Trades Below The Market on Earnings While Its Growth Engine Is Being Rebuilt
• Negative Sentiment: Adobe Chief Accounting Officer Jillian Forusz sold 416 shares worth approximately $110,000. The transaction was relatively small, but it adds to a pattern of insider selling that may weigh modestly on sentiment. SEC Form 4 filing
• Negative Sentiment: A reported collapse of a highly leveraged AI hedge fund and forced selling of AI-infrastructure positions could reinforce broader caution around crowded AI trades and software-sector volatility, although it does not directly affect Adobe’s operations. AI hedge fund collapses after margin calls

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ADBE. Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Adobe in a research report on Wednesday, June 3rd. Robert W. Baird lowered their price objective on Adobe from $270.00 to $230.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Wolfe Research lowered shares of Adobe from an “outperform” rating to a “peer perform” rating in a research note on Friday, June 12th. Finally, Phillip Securities downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and six have given a Sell rating to the stock. According to MarketBeat, Adobe presently has a consensus rating of “Hold” and an average price target of $271.30.

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.