Shepherd Financial Partners LLC Invests $523,000 in Adobe Inc. $ADBE

Shepherd Financial Partners LLC bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 2,549 shares of the software company’s stock, valued at approximately $523,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADBE. BlackRock Inc. acquired a new position in Adobe during the second quarter valued at approximately $8,437,821,000. State Street Corp grew its stake in 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 buying an additional 352,448 shares during the period. Geode Capital Management LLC increased its position in shares of Adobe by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock worth $4,027,170,000 after acquiring an additional 414,049 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Adobe by 9.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock valued at $1,651,066,000 after acquiring an additional 563,772 shares during the period. Finally, Norges Bank purchased a new position in shares of Adobe in the 4th quarter valued at $2,275,165,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity

In related news, CAO Jillian Forusz sold 416 shares of the 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 completion of the transaction, the chief accounting officer owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David A. Ricks acquired 10,000 shares of the stock in a transaction on Thursday, June 25th. The shares were acquired at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the purchase, 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 disclosure for this purchase is available in the SEC filing. 0.20% of the stock is owned by company insiders.

Adobe Price Performance

Shares of ADBE stock opened at $272.47 on Thursday. The firm has a fifty day simple moving average of $230.10 and a 200-day simple moving average of $244.93. The company has a market capitalization of $108.31 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40. Adobe Inc. has a twelve month low of $190.12 and a twelve month 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.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) 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 the consensus estimate of $6.45 billion. During the same quarter in the previous year, the firm posted $5.06 EPS. The firm’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. Equities research analysts anticipate that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on ADBE shares. Morgan Stanley cut shares of Adobe from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $365.00 to $240.00 in a research report on Tuesday, July 21st. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Mizuho reduced their price objective on Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. UBS Group downgraded Adobe from a “buy” rating to an “equal weight” rating in a research report on Tuesday, July 21st. Finally, DA Davidson lowered their target price on 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 given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $270.96.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s recent rally has been supported by improving short-term momentum and a broader rotation out of semiconductor stocks into lagging technology names. The company is also viewed by some analysts as undervalued after its earlier decline. Netflix, Salesforce, and Adobe Rally as Investors Rotate Out of Semiconductors and Into Beaten Down Stocks Is It Too Late to Buy Adobe Inc After Rally? GF Value Says Undervalued
• Positive Sentiment: Adobe’s freemium strategy for AI-powered tools— including holding off on some price increases to expand its user base—could accelerate adoption and support the company’s goal of double-digit annual recurring-revenue growth. Analysts also continue to favor Adobe over DocuSign, citing its stronger competitive position. Is Adobe Below Fair Value On Its Freemium AI Push?
• Neutral Sentiment: A dispute involving Rebel Creamery’s packaging design created with Adobe Illustrator has led to a court-ordered rebrand and Rebel’s Chapter 11 filing. The matter concerns an Adobe software user and does not appear to create a material financial impact for Adobe. How a DIY Adobe Illustrator Design Landed Rebel Creamery in a $23.8 Million Fight
• Negative Sentiment: Bank of America raised its price target but retained an “underperform” rating. Its new target remains materially below Adobe’s recent trading level, signaling concern that the rally may have outpaced the company’s near-term fundamentals. Bank of America Raises Adobe Price Target While Maintaining Underperform Rating

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.