Glenview Trust Co Acquires Shares of 5,923 Adobe Inc. $ADBE

Glenview Trust Co acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,923 shares of the software company’s stock, valued at approximately $1,214,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Measured Wealth Private Client Group LLC acquired a new position in Adobe in the 3rd quarter worth $26,000. Western Pacific Wealth Management LP acquired a new stake in shares of Adobe during the fourth quarter valued at about $26,000. TrustBank purchased a new stake in shares of Adobe during the fourth quarter worth about $28,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Adobe during the second quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Adobe in the fourth quarter worth about $31,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Activity

In related news, Director David A. Ricks bought 10,000 shares of the stock in a transaction on Thursday, June 25th. The shares were purchased 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 approximately $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the transaction, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is currently owned by corporate insiders.

Adobe Price Performance

ADBE opened at $291.52 on Friday. The firm has a market cap of $115.88 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.97 and a beta of 1.40. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $370.86. The company’s 50-day moving average price is $240.67 and its 200 day moving average price is $245.14. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.Adobe’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.06 earnings per share. 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, sell-side analysts expect that Adobe Inc. will post 19.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ADBE has been the topic of several analyst reports. Weiss Ratings downgraded Adobe from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Phillip Securities lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Barclays reduced their price target on shares of Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th. BMO Capital Markets decreased their target price on Adobe from $285.00 to $230.00 and set a “market perform” rating for the company in a research report on Friday, June 12th. Finally, Evercore set a $225.00 price target on Adobe and gave the company an “in-line” rating in a report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $270.96.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s stock broke above technical resistance near $275 and $285 and reclaimed key moving averages. Analysts identified potential upside targets around $306.30 and $330.61, while a developing “golden cross” pattern is supporting bullish momentum ahead of the company’s upcoming earnings report. Adobe Stock Breakout Targets $306, Then $330 as ADBE Reverses
• Positive Sentiment: Strong results and guidance remain a fundamental support. Adobe’s latest quarter exceeded consensus estimates for both earnings and revenue, with revenue up 12.7% year over year; management’s fiscal 2026 EPS guidance is $24.35–$24.45.
• Positive Sentiment: Adobe is expanding AI capabilities across Photoshop, Firefly, Acrobat and Adobe Express. Photoshop’s optional prompt-based AI editing mode could improve product engagement and reinforce Adobe’s competitive position in creative software. Adobe Photoshop Adds a Whole New AI Editing Mode
• Positive Sentiment: An expanded, multiyear partnership with Stagwell will integrate Adobe’s data intelligence, creative transformation and AI tools into enterprise marketing initiatives, potentially supporting customer acquisition and retention. Stagwell Expands Strategic Partnership with Adobe
• Neutral Sentiment: Adobe benefited from a broader enterprise-software rally after Salesforce reported strong results, raised guidance and announced an Anthropic partnership. The move is a sector read-through rather than an Adobe-specific financial update. Salesforce Soars as Enterprise Software Rebounds
• Negative Sentiment: A comparison with Shopify suggests Adobe is lagging in AI-driven ecommerce, where Shopify is benefiting from faster gross merchandise volume growth, greater payments adoption and expanding agentic-commerce capabilities. This may raise concerns about Adobe’s relative growth opportunities outside its core creative and document franchises. SHOP vs. ADBE: Which Stock Has the Edge in AI-Driven Ecommerce?

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.