Roman Butler Fullerton & Co. Makes New $501,000 Investment in Adobe Inc. $ADBE

Roman Butler Fullerton & Co. bought a new position in Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,171 shares of the software company’s stock, valued at approximately $501,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Western Pacific Wealth Management LP bought a new position in shares of Adobe during the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new stake in Adobe in the 3rd quarter worth about $26,000. TrustBank purchased a new stake in Adobe in the 4th quarter valued at about $28,000. Lloyd Advisory Services LLC. purchased a new stake in Adobe in the 4th quarter valued at about $31,000. Finally, Sankala Group LLC bought a new position in shares of Adobe during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s AI business is showing stronger traction: the company has reported a series of record earnings, while AI-related revenue has reportedly tripled. That performance is helping challenge the view that generative AI will permanently weaken Adobe’s creative-software franchise. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?
• Positive Sentiment: ADBE has recovered substantially from its 2026 low as investors rotate back into beaten-down software stocks. The rebound suggests some investors believe Adobe’s earnings power and AI product expansion are being undervalued. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
• Neutral Sentiment: A rumored potential acquisition of Workday is being discussed as a possible catalyst, but there is no confirmed transaction. Any deal could expand Adobe’s enterprise software reach, while also introducing execution, financing, and integration risks. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
• Neutral Sentiment: One strategy article recommends selling options to collect income while setting a lower potential purchase price for Adobe. This may appeal to bullish, income-oriented investors, but it is not a fundamental catalyst and reflects continued caution about the stock’s near-term path. ADBE Stock: Collect 12% While Setting A 30%-Off Buy Price
• Negative Sentiment: Adobe remains one of the most heavily punished large-cap software stocks after losing roughly one-third from its peak. Investors continue to question whether generative AI could erode demand for its core creative products, even as recent results have been strong. That unresolved concern likely helps explain the pressure on ADBE today. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ADBE shares. Freedom Capital lowered Adobe from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. UBS Group downgraded shares of Adobe from a “buy” rating to an “equal weight” rating in a report on Tuesday, July 21st. Citizens Jmp reissued a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Evercore set a $225.00 price target on shares of Adobe and gave the company an “in-line” rating in a research report on Friday, June 12th. Finally, DA Davidson decreased their price target on shares of Adobe from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, June 12th. Seven research 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $269.81.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 416 shares of the company’s 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 transaction, the chief accounting officer directly owned 3,824 shares in the company, valued at $1,010,797.92. This represents a 9.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Ricks purchased 10,000 shares of the stock in a transaction 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 in the company, valued at approximately $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is owned by corporate insiders.

Adobe Stock Performance

Adobe stock opened at $264.02 on Monday. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $370.86. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $104.95 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40. The firm’s 50 day simple moving average is $228.64 and its 200 day simple moving average is $245.62.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the firm posted $5.06 earnings per share. The business’s quarterly revenue was up 12.7% on a year-over-year basis. 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, analysts expect that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Adobe declared that its Board of Directors has approved a share buyback program on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the software company to buy up to 24.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

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.