Peapack Gladstone Financial Corp Raises Holdings in Adobe Inc. $ADBE

Peapack Gladstone Financial Corp lifted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 22.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 28,124 shares of the software company’s stock after acquiring an additional 5,096 shares during the period. Peapack Gladstone Financial Corp’s holdings in Adobe were worth $9,843,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Adobe by 0.8% during the third quarter. Vanguard Group Inc. now owns 41,369,395 shares of the software company’s stock worth $14,593,054,000 after acquiring an additional 344,816 shares during the last quarter. State Street Corp grew its stake in shares of Adobe by 1.7% during the third quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after acquiring an additional 352,448 shares during the last quarter. Geode Capital Management LLC boosted its position in Adobe by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock valued at $4,027,170,000 after buying an additional 414,049 shares during the last quarter. Norges Bank purchased a new stake in Adobe in the fourth quarter valued at approximately $2,275,165,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Adobe by 53.3% in the third quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after buying an additional 1,952,994 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Trading Up 5.7%

Shares of NASDAQ:ADBE opened at $274.03 on Tuesday. Adobe Inc. has a 12-month low of $224.13 and a 12-month high of $421.48. The company has a market capitalization of $110.76 billion, a PE ratio of 15.96, a PEG ratio of 1.01 and a beta of 1.42. The business has a 50 day moving average of $244.67 and a two-hundred day moving average of $283.66. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The company had revenue of $6.40 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the company posted $5.08 earnings per share. Adobe’s revenue for the quarter was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, analysts forecast that Adobe Inc. will post 19.15 EPS for the current year.

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

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Weiss Ratings lowered Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. JPMorgan Chase & Co. dropped their target price on Adobe from $520.00 to $420.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Wells Fargo & Company dropped their target price on Adobe from $420.00 to $405.00 and set an “overweight” rating on the stock in a research report on Monday, March 9th. Oppenheimer reiterated a “market perform” rating on shares of Adobe in a research report on Friday, March 13th. Finally, Argus reiterated a “hold” rating on shares of Adobe in a research report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Adobe presently has a consensus rating of “Hold” and an average target price of $338.15.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe benefited from a software sector rally after Nvidia unveiled new AI hardware, which investors see as supportive for AI-enabled creative and enterprise software demand. ServiceNow, Adobe stocks jump as Nvidia’s new AI chip sparks software rally
• Positive Sentiment: News that Adobe’s Photoshop and Premiere products may get a major AI speed boost through Nvidia RTX Spark could strengthen the investment case for Adobe’s AI strategy and product performance. Adobe x Nvidia RTX Spark: Photoshop, Premiere get 2x AI speed boost
• Positive Sentiment: Coverage highlighting Adobe’s AI headshot generator and efforts to prepare workers for AI reinforces the view that Adobe is monetizing AI across its creative and productivity suite. Want an Image Glow Up? Adobe’s AI Headshot Generator Makes You Look Like a Pro What Adobe Is Doing To Prepare Curious And Creative Workers For AI
• Positive Sentiment: Adobe’s upcoming June 11 earnings release is keeping attention on the stock, with investors hoping the report confirms stable growth and strong AI-related demand. Adobe to Announce Q2 FY2026 Earnings Results on June 11, 2026
• Neutral Sentiment: Adobe India MD Prativa Mohapatra stepping down is a leadership change, but it appears limited in immediate financial impact unless more turnover follows. Adobe India MD Prativa Mohapatra steps down after nearly five years
• Neutral Sentiment: Several commentary pieces note that Adobe remains well below its prior peak and faces mixed analyst views, so sentiment is improving but still cautious ahead of earnings. Adobe (ADBE) Soars 7.4%: Is Further Upside Left in the Stock? What’s behind Adobe stock’s newfound momentum on Monday?
• Negative Sentiment: One Zacks note warned that recent earnings estimate revisions may limit further near-term upside, suggesting some investors are still skeptical despite the recent rebound. Adobe (ADBE) Soars 7.4%: Is Further Upside Left in the Stock?

Insider Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 755 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the transaction, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. The trade was a 17.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is owned by company insiders.

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.