Bradley Foster & Sargent Inc. CT Sells 42,738 Shares of Adobe Inc. $ADBE

Bradley Foster & Sargent Inc. CT decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 77.7% in the first quarter, Holdings Channel.com reports. The fund owned 12,271 shares of the software company’s stock after selling 42,738 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Adobe were worth $2,983,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. State Street Corp grew its position 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 valued at $7,277,941,000 after purchasing an additional 352,448 shares in the last quarter. Geode Capital Management LLC lifted 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 buying an additional 414,049 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Adobe by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock valued at $1,651,066,000 after buying an additional 563,772 shares during the last quarter. Norges Bank bought a new position in Adobe during the fourth quarter valued at approximately $2,275,165,000. Finally, Invesco Ltd. grew its holdings in Adobe by 6.2% during the 4th quarter. Invesco Ltd. now owns 5,119,025 shares of the software company’s stock valued at $1,791,607,000 after buying an additional 297,337 shares in the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: TipRanks said Adobe looks attractive despite ongoing AI adoption worries, suggesting investors may be focusing on valuation and long-term fundamentals rather than short-term AI fears. Adobe (ADBE) Stock Looks Attractive Even as AI Worries Persist
• Positive Sentiment: CLSA reportedly initiated or reiterated a Moderate Buy rating on Adobe, which can support sentiment by signaling analyst confidence in the stock’s outlook. Adobe (NASDAQ:ADBE) Earns Moderate Buy Rating from Analysts at CLSA
• Positive Sentiment: Recent coverage highlighted Adobe as a trending stock, which may reflect renewed investor attention and interest ahead of future catalysts. Here is What to Know Beyond Why Adobe Inc. (ADBE) is a Trending Stock
• Neutral Sentiment: One report said short interest in Adobe was unchanged at zero shares, so it does not indicate meaningful bearish pressure or a change in trading sentiment.
• Neutral Sentiment: A MarketWatch note said Adobe underperformed some peers on Wednesday, but this looks like a relative-performance observation rather than a major company-specific catalyst. Adobe Inc. stock underperforms Wednesday when compared to competitors
• Negative Sentiment: The main headwind remains investor concern about AI adoption, which could be weighing on Adobe’s near-term multiple even as some analysts argue the stock looks attractive.

Insider Buying and Selling

In other news, Director David A. Ricks acquired 10,000 shares of Adobe stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director directly owned 17,655 shares of the company’s stock, valued at $3,434,074.05. This trade represents a 130.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at 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 transaction, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This trade represents a 17.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is owned by corporate insiders.

Adobe Stock Performance

NASDAQ:ADBE opened at $225.11 on Monday. The firm has a market capitalization of $89.48 billion, a PE ratio of 12.88, a PEG ratio of 0.76 and a beta of 1.43. The stock’s fifty day moving average is $226.78 and its 200 day moving average is $251.28. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $376.16. 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 (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 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 company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the previous year, the firm earned $5.06 earnings per share. Adobe’s quarterly revenue was up 12.7% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. On average, sell-side analysts anticipate that Adobe Inc. will post 19.81 earnings per share for the current year.

Adobe declared that its board has initiated a share buyback plan on Tuesday, April 21st that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the software company to buy up to 24.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ADBE shares. UBS Group downgraded Adobe from a “buy” rating to an “equal weight” rating in a research note on Tuesday, July 21st. 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 report on Friday, June 12th. KeyCorp cut their target price 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. Phillip Securities cut shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, The Goldman Sachs Group lowered their price objective on shares of Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a research report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $271.30.

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.