Granite Investment Partners LLC Grows Stock Position in Adobe Inc. $ADBE

Granite Investment Partners LLC increased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 30.6% in the 1st quarter, HoldingsChannel reports. The firm owned 16,852 shares of the software company’s stock after purchasing an additional 3,946 shares during the period. Granite Investment Partners LLC’s holdings in Adobe were worth $4,096,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ADBE. 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. lifted its stake in Adobe by 7.6% during the fourth quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock worth $61,117,000 after purchasing an additional 12,400 shares during 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 boosted its holdings in Adobe by 13.2% in the fourth quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock valued at $19,312,000 after purchasing an additional 6,426 shares in 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.

Insider Buying and Selling

In other news, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction that occurred on 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 owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director David A. Ricks purchased 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were bought at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the purchase, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 77,091 shares of company stock valued at $18,782,773 over the last 90 days. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ADBE shares. BMO Capital Markets cut their price objective on shares of Adobe from $285.00 to $230.00 and set a “market perform” rating on the stock in a report on Friday, June 12th. Freedom Capital downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Stifel Nicolaus reissued a “hold” rating and issued a $200.00 price target (down from $350.00) on shares of Adobe in a research report on Friday, June 12th. Finally, Dbs Bank downgraded shares of Adobe from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Six investment analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, Adobe currently has a consensus rating of “Hold” and an average price target of $275.00.

Adobe Trading Up 0.8%

NASDAQ ADBE opened at $222.65 on Friday. The firm’s fifty day moving average is $231.24 and its two-hundred day moving average is $260.79. Adobe Inc. has a one year low of $190.12 and a one year high of $376.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $88.50 billion, a PE ratio of 12.74, a P/E/G ratio of 0.74 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last announced its 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 business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the firm earned $5.06 earnings per share. The business’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. Analysts expect that Adobe Inc. will post 19.8 earnings per share for the current year.

Adobe declared that its Board of Directors has approved a share buyback program on Tuesday, April 21st that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the software company to buy up to 24.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a definitive agreement to acquire Topaz Labs, an AI company known for video and image enhancement models, which could strengthen Adobe’s own AI capabilities and improve its competitive position. Adobe (ADBE) to Acquire Topaz Labs
• Positive Sentiment: Adobe expanded GenStudio for commerce media by integrating LiveRamp purchase data, a move that could improve ad targeting, workflow efficiency, and monetization across its digital media tools. Adobe (ADBE) Brings LiveRamp Purchase Data Into GenStudio For Commerce Media
• Positive Sentiment: HSBC upgraded Adobe to Buy and raised its price target, arguing the stock’s recent selloff may have created an attractive entry point despite year-to-date weakness. Is Adobe Inc. (ADBE) the Best Beaten Down Technology Stock to Buy Now?
• Neutral Sentiment: Some commentary suggests Adobe’s strategy is focused on future growth, but this is more of a long-term thesis than a near-term catalyst for the stock. Adobe Stock Is Down, But Its Strategy Is All-In On The Future
• Negative Sentiment: Bank of America downgraded Adobe to Underperform, saying AI tools are hurting growth rather than accelerating it and warning that competitive pressure could keep weighing on the shares. Bank of America Says AI Will Drag Down Adobe Stock
• Negative Sentiment: Another article highlighted that some users are canceling Adobe Acrobat in favor of cheaper or free alternatives, reinforcing concerns about pricing pressure and subscription churn. I canceled my Adobe Acrobat plan after one weekend with this free tool
• Negative Sentiment: Phillip Securities also cut Adobe to Neutral, reflecting broader analyst caution around AI competition and slowing sentiment toward the stock. Phillip Securities Downgrades Adobe (ADBE) to Neutral, Here’s What You Should Know

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.