Galaxy Digital Capital Management GP LLC Acquires Shares of 3,768 Adobe Inc. $ADBE

Galaxy Digital Capital Management GP LLC acquired a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,768 shares of the software company’s stock, valued at approximately $1,319,000. Adobe makes up 1.4% of Galaxy Digital Capital Management GP LLC’s investment portfolio, making the stock its 17th largest holding.

Other large investors have also recently made changes to their positions in the company. Stance Capital LLC grew its holdings in Adobe by 3.5% during the 4th quarter. Stance Capital LLC now owns 3,981 shares of the software company’s stock valued at $1,393,000 after buying an additional 135 shares in the last quarter. Bank of New Hampshire raised its holdings in shares of Adobe by 25.1% during the 4th quarter. Bank of New Hampshire now owns 1,117 shares of the software company’s stock worth $391,000 after acquiring an additional 224 shares in the last quarter. Osbon Capital Management LLC bought a new position in shares of Adobe during the 4th quarter valued at approximately $211,000. World Investment Advisors boosted its position in shares of Adobe by 0.5% during the 4th quarter. World Investment Advisors now owns 22,726 shares of the software company’s stock valued at $7,954,000 after acquiring an additional 102 shares during the last quarter. Finally, Meadowbrook Advisors Group LLC purchased a new position in shares of Adobe in the fourth quarter valued at $297,000. 81.79% of the stock is owned by institutional investors.

Adobe Stock Up 0.2%

NASDAQ ADBE opened at $195.64 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $392.58. The firm has a market capitalization of $77.77 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.68 and a beta of 1.42. The company has a fifty day moving average of $240.37 and a two-hundred day moving average of $274.47.

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 the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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, analysts predict that Adobe Inc. will post 19.73 earnings per share for the current year.

Adobe announced that its Board of Directors has initiated a share buyback plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of recent research reports. Sanford C. Bernstein decreased their price target on shares of Adobe from $447.00 to $379.00 and set an “outperform” 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. The Goldman Sachs Group decreased their target price on shares of Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research report on Friday, June 12th. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Finally, Morgan Stanley reduced their price objective on Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research note on Friday, March 13th. Five analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $278.16.

Adobe News Roundup

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 Buying and Selling

In related news, CEO Shantanu Narayen sold 75,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total value of $18,265,500.00. Following the sale, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This represents a 17.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at $867,046.25. This trade represents a 17.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,091 shares of company stock valued at $18,782,773 in the last ninety days. 0.20% of the stock is owned by company insiders.

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.