Act Two Investors LLC Buys 5,406 Shares of Adobe Inc. $ADBE

Act Two Investors LLC boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 12.5% in the fourth quarter, Holdings Channel reports. The firm owned 48,599 shares of the software company’s stock after acquiring an additional 5,406 shares during the period. Adobe comprises about 2.9% of Act Two Investors LLC’s holdings, making the stock its 13th biggest position. Act Two Investors LLC’s holdings in Adobe were worth $17,009,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of ADBE. Brighton Jones LLC boosted its position in shares of Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after acquiring an additional 167 shares during the period. Sivia Capital Partners LLC boosted its position in shares of Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after acquiring an additional 486 shares during the period. United Bank boosted its position in shares of Adobe by 12.8% in the second quarter. United Bank now owns 3,773 shares of the software company’s stock valued at $1,460,000 after acquiring an additional 428 shares during the period. Schnieders Capital Management LLC. boosted its position in shares of Adobe by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock valued at $1,017,000 after acquiring an additional 190 shares during the period. Finally, Gamco Investors INC. ET AL boosted its position in shares of Adobe by 190.6% in the second quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock valued at $1,069,000 after acquiring an additional 1,813 shares during the period. 81.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 755 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the transaction, the chief accounting officer directly owned 3,521 shares in the company, valued at $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Daniel Durn sold 1,336 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the transaction, the chief financial officer owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 77,091 shares of company stock worth $18,782,773 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ADBE shares. Citigroup reissued a “neutral” rating on shares of Adobe in a research report on Friday, April 10th. JPMorgan Chase & Co. reduced their price objective on Adobe from $520.00 to $420.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Argus reissued a “hold” rating on shares of Adobe in a research report on Monday, March 16th. HSBC set a $302.00 price objective on Adobe in a research report on Friday, February 13th. Finally, Royal Bank Of Canada cut their target price on Adobe from $400.00 to $350.00 and set an “outperform” rating for the company in a research note on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $338.15.

Adobe Stock Performance

Adobe stock opened at $259.21 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a fifty day moving average price of $244.11 and a two-hundred day moving average price of $284.39. Adobe Inc. has a 52-week low of $224.13 and a 52-week high of $421.48. The firm has a market capitalization of $104.77 billion, a P/E ratio of 15.10, a P/E/G ratio of 1.01 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a return on equity of 64.48% and a net margin of 29.48%.The firm had revenue of $6.40 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the company posted $5.08 earnings per share. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. 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 anticipate that Adobe Inc. will post 19.15 EPS for the current fiscal year.

Adobe announced that its Board of Directors has authorized a share buyback plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the software company to purchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is seeing renewed buying ahead of its expected June 11 earnings release, with investors likely adjusting positions and leaning into a valuation rebound after a prolonged reset in software stocks. Adobe shares rise as investors position ahead of next earnings and lean into a valuation rebound
• Positive Sentiment: Recent commentary highlighted Adobe’s AI strategy, including AI agents and Acrobat becoming more of an AI workspace, which supports the view that Adobe can adapt its products to new workflows and defend its enterprise software franchise. Adobe Acrobat Studio review: Acrobat becomes an AI workspace
• Positive Sentiment: Adobe Analytics was named a “Champion” in Info-Tech Research Group’s 2026 Digital Analytics Data Quadrant, reinforcing the strength of Adobe’s analytics and customer-experience products. Top Digital Analytics Platforms Named 2026 Champions in Info-Tech Research Group’s Data Quadrant Report

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.