United Asset Strategies Inc. Purchases 5,492 Shares of Adobe Inc. $ADBE

United Asset Strategies Inc. increased its position in Adobe Inc. (NASDAQ:ADBE) by 13.6% during the first quarter, Holdings Channel.com reports. The firm owned 45,856 shares of the software company’s stock after buying an additional 5,492 shares during the quarter. United Asset Strategies Inc.’s holdings in Adobe were worth $11,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADBE. Willis Investment Counsel increased its stake in Adobe by 138.9% in the 4th quarter. Willis Investment Counsel now owns 40,715 shares of the software company’s stock valued at $14,250,000 after buying an additional 23,671 shares during the last quarter. Nicholas Company Inc. lifted its holdings in Adobe by 7.6% during the fourth quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock worth $61,117,000 after acquiring an additional 12,400 shares during the period. Teacher Retirement System of Texas boosted its position in Adobe by 13.4% in the fourth quarter. Teacher Retirement System of Texas now owns 215,611 shares of the software company’s stock worth $75,462,000 after purchasing an additional 25,435 shares during the last quarter. Wealthfront Advisers LLC grew its stake in Adobe by 13.2% in the 4th quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock valued at $19,312,000 after purchasing an additional 6,426 shares during the period. Finally, True North Advisors LLC grew its stake in Adobe by 301.1% in the 4th quarter. True North Advisors LLC now owns 6,493 shares of the software company’s stock valued at $2,273,000 after purchasing an additional 4,874 shares during the period. Institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling

In related news, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the sale, the chief executive officer directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. The trade was a 17.26% 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 acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the acquisition, the director directly owned 17,655 shares in the company, valued at $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. Insiders have sold a total of 77,091 shares of company stock valued at $18,782,773 in the last ninety days. 0.20% of the stock is owned by company insiders.

Adobe Stock Performance

Shares of ADBE stock traded up $11.67 during trading on Tuesday, reaching $229.74. 3,084,633 shares of the company’s stock traded hands, compared to its average volume of 6,072,256. The company has a market capitalization of $91.32 billion, a P/E ratio of 13.11, 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 firm’s 50-day moving average is $232.91 and its 200 day moving average is $264.53. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $386.60.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data 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. The business had revenue of $6.62 billion during 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%. Adobe’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $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 year.

Adobe announced that its board has initiated a stock buyback program on Tuesday, April 21st that permits the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization permits the software company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have recently commented on ADBE. Sanford C. Bernstein lowered their target price on Adobe from $447.00 to $379.00 and set an “outperform” rating on the stock in a research note on Friday, June 12th. Barclays decreased their price objective on shares of Adobe from $275.00 to $250.00 and set an “equal weight” rating for the company in a report on Friday, June 12th. Evercore set a $225.00 price objective on shares of Adobe and gave the stock an “in-line” rating in a research report on Friday, June 12th. UBS Group set a $365.00 target price on shares of Adobe in a research note on Friday, June 12th. Finally, Citizens Jmp reissued a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Six investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Adobe has an average rating of “Hold” and a consensus target price of $275.00.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Negative Sentiment: Bank of America downgraded Adobe to Underperform and cut its price target to $190, citing concerns that AI-powered competitors could slow Adobe’s growth. Bank of America Downgrades Adobe (ADBE) Stock with $190 Price Target Amid AI Disruption
• Negative Sentiment: BofA also reaffirmed the Underperform view, reinforcing investor worries that Adobe may be vulnerable to AI-driven competition and slower monetization of its own AI features. Adobe Stock (ADBE) Gets a Sell Rating From BofA. Here’s Why
• Negative Sentiment: News that a maximum-severity Adobe ColdFusion flaw is now being actively exploited adds a cybersecurity overhang, which could increase reputational and remediation concerns. Max severity Adobe ColdFusion flaw now exploited in attacks
• Neutral Sentiment: Zacks highlighted Adobe as a strong growth stock, which offers a mildly supportive counterpoint, but the item appears more style-score driven than a new fundamental catalyst. Here’s Why Adobe Systems (ADBE) is a Strong Growth Stock

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.