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

Granite Investment Partners LLC lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 30.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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.

A number of other large investors have also made changes to their positions in ADBE. Western Pacific Wealth Management LP acquired a new position in Adobe during the fourth quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe in the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Adobe during the 3rd quarter worth $27,000. Beacon Financial Strategies CORP purchased a new position in shares of Adobe during the 4th quarter worth $28,000. Finally, Marquette Asset Management LLC boosted its position in shares of Adobe by 72.3% during the 4th quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after acquiring an additional 34 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Price Performance

Adobe stock opened at $222.65 on Friday. The company’s 50 day simple moving average is $231.24 and its 200-day simple moving average is $260.79. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $376.16. The company has a market capitalization of $88.50 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 0.74 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data 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. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the company 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. As a group, equities research analysts expect that Adobe Inc. will post 19.8 earnings per share for the current year.

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

Wall Street Analysts Forecast Growth

ADBE has been the subject of a number of analyst reports. KeyCorp dropped their price objective on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a report on Friday, June 12th. TD Cowen decreased their target price on shares of Adobe from $310.00 to $285.00 and set a “hold” rating on the stock in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Adobe in a research note on Friday, March 13th. BMO Capital Markets cut their price target on shares of Adobe from $285.00 to $230.00 and set a “market perform” rating for the company in a report on Friday, June 12th. Finally, Morgan Stanley reduced their price target on shares of Adobe from $425.00 to $365.00 and set an “equal weight” rating on the stock in a research report on Friday, March 13th. Six equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $275.00.

Key Stories Impacting Adobe

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

Insider Transactions at Adobe

In related news, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the transaction, the chief executive officer directly owned 359,538 shares in the company, valued at $87,561,884.52. This trade represents a 17.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction dated Thursday, April 30th. The shares were 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. This represents a 17.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 77,091 shares of company stock valued at $18,782,773. Corporate insiders own 0.20% of the company’s stock.

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.