Adobe Inc. $ADBE Shares Purchased by Boston Trust Walden Corp

Boston Trust Walden Corp boosted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 31.9% in the first quarter, HoldingsChannel.com reports. The fund owned 88,695 shares of the software company’s stock after buying an additional 21,475 shares during the quarter. Boston Trust Walden Corp’s holdings in Adobe were worth $21,560,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in ADBE. Measured Wealth Private Client Group LLC acquired a new stake in Adobe during the third quarter worth approximately $26,000. Western Pacific Wealth Management LP purchased a new position in shares of Adobe during the 4th quarter worth $26,000. Beacon Financial Strategies CORP purchased a new position in shares of Adobe during the 4th quarter worth $28,000. TrustBank acquired a new stake in shares of Adobe during the fourth quarter worth $28,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Adobe during the third quarter worth $27,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Jillian Forusz sold 755 shares of the stock in a transaction dated 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 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. 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. In the last ninety days, insiders have sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by insiders.

Adobe Price Performance

ADBE opened at $219.72 on Friday. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $386.60. The firm has a market cap of $87.34 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.77 and a beta of 1.43. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $232.91 and a 200 day simple moving average of $265.14.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $5.06 EPS. 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 expect that Adobe Inc. will post 19.8 EPS for the current fiscal year.

Adobe declared that its board has approved a share buyback plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to purchase up to 24.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts recently weighed in on ADBE shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Adobe in a research report on Friday, March 13th. Robert W. Baird cut their price objective on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Oppenheimer reissued a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. JPMorgan Chase & Co. lowered their target price on shares of Adobe from $420.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Finally, TD Cowen dropped their price target on shares of Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a research report on Monday, June 8th. Six research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, Adobe currently has a consensus rating of “Hold” and a consensus price target of $278.40.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: HSBC upgraded Adobe to Buy and said AI concerns have created an overly pessimistic valuation, helping fuel a rally in the stock. This Adobe analyst is going against the grain by telling investors to buy the stock
• Positive Sentiment: Adobe is expanding its AI push with Firefly Foundry and a broader freemium funnel, which could increase adoption of its creative tools and support longer-term growth. Adobe (ADBE) Launches Firefly Foundry As It Pushes AI Tools To More Users
• Positive Sentiment: An insider reportedly increased his Adobe stake by 130%, signaling internal confidence in the company’s turnaround and AI strategy. 1 Adobe Insider Just Boosted His Stake by 130%. Why He Is Betting Big on ADBE Right Now.
• Neutral Sentiment: Several articles highlighted Adobe as a long-term value or “best SaaS stock” idea, but these were largely opinion pieces rather than new fundamental updates. Why Adobe Systems (ADBE) is a Top Value Stock for the Long-Term
• Neutral Sentiment: Commentary from analysts and investors continued to debate whether Adobe’s growth is slowing or whether the market is underestimating its resilience against AI disruption. Analyst Sees Slower Growth Tempering Outlook for Adobe (ADBE)
• Negative Sentiment: Phillip Securities downgraded Adobe to Neutral from Buy and cut its price target sharply, reflecting concern that growth may slow even as legacy software remains durable. Analyst Sees Slower Growth Tempering Outlook for Adobe (ADBE)

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.