LM Advisors LLC Invests $893,000 in Adobe Inc. $ADBE

LM Advisors LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,351 shares of the software company’s stock, valued at approximately $893,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP bought a new stake in shares of Adobe in the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new position in Adobe during the third quarter valued at approximately $26,000. TrustBank acquired a new position in Adobe during the fourth quarter valued at approximately $28,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Adobe in the second quarter valued at approximately $28,000. Finally, Lloyd Advisory Services LLC. bought a new stake in Adobe in the fourth quarter valued at approximately $31,000. Institutional investors own 81.79% of the company’s stock.

Adobe Trading Up 1.1%

Shares of NASDAQ:ADBE opened at $275.30 on Friday. The firm has a market cap of $109.43 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.93 and a beta of 1.40. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $370.86. The company’s fifty day simple moving average is $232.61 and its 200 day simple moving average is $244.99. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42.

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 analysts’ consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $5.06 EPS. 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, research analysts forecast that Adobe Inc. will post 19.8 EPS for the current fiscal year.

Insider Transactions at Adobe

In other news, Director David A. Ricks acquired 10,000 shares of the firm’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 completion of the acquisition, the director owned 17,655 shares in the company, valued at $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the sale, the chief accounting officer directly owned 3,824 shares in the company, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ADBE has been the topic of a number of recent analyst reports. DA Davidson reduced their price target on shares of Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Morgan Stanley cut Adobe from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $365.00 to $240.00 in a research note on Tuesday, July 21st. TD Cowen lowered their price target on Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a report on Monday, June 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $200.00 price target (down from $350.00) on shares of Adobe in a research report on Friday, June 12th. Finally, Weiss Ratings cut Adobe from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Seven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Adobe currently has a consensus rating of “Hold” and an average price target of $270.96.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bank of America raised its Adobe price target, citing the company’s potential to monetize AI and its positioning within a broader software-sector rally. The forecast increase has reinforced bullish sentiment toward ADBE. Bank of America price-target increase
• Positive Sentiment: Adobe expanded Firefly’s capabilities by making AI-generated music, voiceovers, and sound effects broadly available. The move strengthens Adobe’s creative-AI product portfolio and could support new user adoption, engagement, and revenue opportunities. Adobe Firefly audio tools
• Positive Sentiment: An Adobe survey reported that 87% of creators say AI is helping them grow their businesses. The findings support demand for Adobe’s AI tools, although survey data is not a direct measure of financial performance. Adobe creator AI report
• Neutral Sentiment: Several analysts and market commentators describe Adobe’s valuation as attractive after its recovery, with some viewing the rebound as the beginning of a stronger turnaround. However, the stock’s outlook remains dependent on converting AI interest into sustained growth and cash flow. Adobe recovery analysis
• Negative Sentiment: Adobe has risen roughly 45% from its 2026 low, prompting caution that much of the near-term recovery may already be priced in. One analysis recommends taking some profits despite still-reasonable valuation metrics. Adobe rally and valuation analysis
• Negative Sentiment: Commentary warning that profitability alone cannot protect companies from intensifying competition highlights a longer-term risk for Adobe, particularly as generative-AI rivals pressure pricing and product differentiation. Profitability and competition analysis

Adobe 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.