Grandfield & Dodd LLC Makes New $1.51 Million Investment in Adobe Inc. $ADBE

Grandfield & Dodd LLC purchased a new stake in Adobe Inc. (NASDAQ:ADBE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,347 shares of the software company’s stock, valued at approximately $1,506,000.

Other hedge funds also recently made changes to their positions in the company. Western Pacific Wealth Management LP acquired a new stake in shares of Adobe during the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new stake in Adobe in the third quarter valued at about $26,000. TrustBank acquired a new position in Adobe in the fourth quarter worth about $28,000. Lloyd Advisory Services LLC. acquired a new position in Adobe in the fourth quarter worth about $31,000. Finally, Sankala Group LLC bought a new position in Adobe during the fourth quarter worth about $31,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insiders Place Their Bets

In other Adobe news, Director David A. Ricks bought 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The shares were bought 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 of the company’s stock, valued at $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Jillian Forusz sold 416 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the transaction, the chief accounting officer directly owned 3,824 shares in the company, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by company insiders.

Adobe Stock Down 3.8%

Shares of ADBE opened at $254.04 on Tuesday. The business’s 50 day simple moving average is $228.82 and its 200-day simple moving average is $245.32. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $100.98 billion, a P/E ratio of 14.53, a PEG ratio of 0.89 and a beta of 1.40. Adobe Inc. has a one year low of $190.12 and a one year high of $370.86.

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

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADBE. Freedom Capital downgraded Adobe from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Royal Bank Of Canada cut their target price on Adobe from $350.00 to $285.00 and set an “outperform” rating for the company in a research report on Monday, June 8th. Mizuho decreased their price target on Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Finally, The Goldman Sachs Group lowered their price target on Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research report on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Adobe has an average rating of “Hold” and an average target price of $269.81.

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.