Segall Bryant & Hamill LLC Takes Position in Adobe Inc. $ADBE

Segall Bryant & Hamill LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the 1st quarter, HoldingsChannel reports. The firm acquired 28,516 shares of the software company’s stock, valued at approximately $6,932,000.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Adobe in the 4th quarter valued at approximately $2,275,165,000. AQR Capital Management LLC raised its position in shares of Adobe by 55.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after buying an additional 920,353 shares during the period. Amundi raised its position in shares of Adobe by 17.9% during the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after buying an additional 742,646 shares during the period. State of Michigan Retirement System lifted its holdings in Adobe by 566.1% in the first quarter. State of Michigan Retirement System now owns 820,823 shares of the software company’s stock valued at $199,526,000 after acquiring an additional 697,600 shares during the last quarter. Finally, AMF Tjanstepension AB purchased a new position in Adobe in the first quarter worth approximately $167,494,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s latest AI acquisition reportedly cleared Washington without significant regulatory obstacles, removing a potential deal risk and strengthening the company’s efforts to expand AI-powered creative tools. Adobe’s latest AI acquisition just breezed through Washington
• Positive Sentiment: Recent commentary argues that AI is enhancing Adobe’s business rather than replacing it, potentially supporting new monetization opportunities, stronger customer engagement and a rebuilding of the company’s growth engine. Adobe’s latest quarterly results also showed roughly 13% year-over-year revenue growth and performance above analyst expectations. Adobe: How AI Is Enhancing Its Business, Not Killing It
• Positive Sentiment: Investors are also considering ways to participate in Adobe’s AI upside while hedging risks, suggesting that the stock remains a significant target for AI-related trading and positioning. As Adobe monetizes AI, here’s a way to trade it and hedge against risks
• Neutral Sentiment: Analyst and investor views remain divided. Some see Adobe’s valuation and free-cash-flow generation as attractive, while others remain concerned about AI disruption, software-sector weakness and the need to restore faster growth. Adobe Stock Trades Below The Market on Earnings While Its Growth Engine Is Being Rebuilt
• Negative Sentiment: Adobe Chief Accounting Officer Jillian Forusz sold 416 shares worth approximately $110,000. The transaction was relatively small, but it adds to a pattern of insider selling that may weigh modestly on sentiment. SEC Form 4 filing
• Negative Sentiment: A reported collapse of a highly leveraged AI hedge fund and forced selling of AI-infrastructure positions could reinforce broader caution around crowded AI trades and software-sector volatility, although it does not directly affect Adobe’s operations. AI hedge fund collapses after margin calls

Adobe Stock Performance

Shares of Adobe stock opened at $250.41 on Monday. The business has a 50-day moving average of $226.69 and a 200 day moving average of $248.28. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $370.86. The stock has a market capitalization of $99.54 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. The company 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 business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $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 forecast that Adobe Inc. will post 19.81 earnings per share for the current year.

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

Insider Buying and Selling

In other Adobe news, Director David A. Ricks purchased 10,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was bought at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction on Wednesday, July 29th. The stock was 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 owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

ADBE has been the subject of several recent analyst reports. Phillip Securities cut Adobe from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Freedom Capital cut Adobe from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. The Goldman Sachs Group cut their price objective on Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a research report on Friday, June 12th. UBS Group lowered shares of Adobe from a “buy” rating to an “equal weight” rating in a report on Tuesday, July 21st. Finally, Summit Redstone set a $350.00 target price on shares of Adobe in a research report on Friday, April 17th. Seven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Adobe currently has a consensus rating of “Hold” and a consensus target price of $271.30.

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.