North Star Asset Management Inc. Invests $20.31 Million in Adobe Inc. $ADBE

North Star Asset Management Inc. acquired a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the second quarter, HoldingsChannel.com reports. The firm acquired 99,048 shares of the software company’s stock, valued at approximately $20,307,000.

Several other large investors have also bought and sold shares of ADBE. Measured Wealth Private Client Group LLC purchased a new position in Adobe in the 3rd quarter worth approximately $26,000. Western Pacific Wealth Management LP bought a new position in Adobe in the fourth quarter valued at about $26,000. TrustBank purchased a new position in shares of Adobe in the fourth quarter worth approximately $28,000. Lloyd Advisory Services LLC. purchased a new position in shares of Adobe during the 4th quarter worth $31,000. Finally, Sankala Group LLC bought a new stake in Adobe during the fourth quarter valued at about $31,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the sale, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David A. Ricks purchased 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The stock was acquired at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the acquisition, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is currently owned by corporate insiders.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe benefited from a broader enterprise-software rally after Salesforce reported better-than-expected results, raised its outlook and announced an Anthropic partnership. The read-through eased concerns about AI disruption and improved sentiment toward Adobe’s AI strategy. Why Is Adobe Stock Surging on Thursday?
• Positive Sentiment: Adobe’s AI-first annual recurring revenue reportedly more than tripled to above $500 million, supported by Firefly, Acrobat AI and enterprise tools. The growth suggests AI is adding subscription and usage revenue rather than only threatening Adobe’s core products. AI Monetization Boosts ADBE’s Growth Prospects Against MSFT & CRM
• Positive Sentiment: Adobe expanded its partnership with Stagwell to combine data intelligence, creative transformation and AI capabilities in enterprise marketing. The arrangement could help Adobe win and retain larger business customers. Stagwell Expands Strategic Partnership with Adobe
• Positive Sentiment: Photoshop is adding an optional AI Assisted Editor that enables prompt-based image editing, reinforcing Adobe’s effort to make generative AI practical within its flagship applications. Adobe Photoshop adds AI Assisted Editor
• Neutral Sentiment: Adobe’s incubator is showcasing projects focused on full-service AI, while new education initiatives will provide free Photoshop, Firefly and Express access to millions of students and teachers. These efforts may expand future adoption, but the near-term revenue impact is unclear. Adobe Incubator Projects
• Negative Sentiment: Earlier concerns that cautious Intuit guidance could signal broader AI disruption had pressured Adobe and other software stocks. However, Salesforce’s results appear to have reduced those immediate sector concerns. Intuit AI Disruption Concerns

Wall Street Analyst Weigh In

ADBE has been the subject of a number of recent research reports. Stifel Nicolaus reiterated a “hold” rating and set a $200.00 price objective (down from $350.00) on shares of Adobe in a research note on Friday, June 12th. Morgan Stanley downgraded Adobe from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $365.00 to $240.00 in a research note on Tuesday, July 21st. Weiss Ratings downgraded shares of Adobe from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Dbs Bank cut Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Citizens Jmp restated a “market perform” rating on shares of Adobe in a research 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 issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $270.96.

Adobe Price Performance

ADBE opened at $289.15 on Friday. The stock has a market cap of $114.94 billion, a P/E ratio of 16.54, a PEG ratio of 0.92 and a beta of 1.40. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $370.86. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The business has a fifty day moving average of $238.75 and a 200 day moving average of $244.82.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results 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 analysts’ expectations of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the business 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 anticipate that Adobe Inc. will post 19.81 EPS for the current year.

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.