Flputnam Investment Management Co. Acquires New Holdings in Adobe Inc. $ADBE

Flputnam Investment Management Co. bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 24,894 shares of the software company’s stock, valued at approximately $5,104,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. SWAN Capital LLC raised its stake in shares of Adobe by 43.1% during the third quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after acquiring an additional 31 shares during the last quarter. Logan Capital Management Inc. grew its stake in shares of Adobe by 0.3% in the third quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock worth $3,453,000 after purchasing an additional 32 shares during the last quarter. Vista Capital Partners Inc. increased its holdings in Adobe by 5.8% in the second quarter. Vista Capital Partners Inc. now owns 624 shares of the software company’s stock valued at $241,000 after purchasing an additional 34 shares during the period. Klingman & Associates LLC increased its holdings in Adobe by 3.5% in the fourth quarter. Klingman & Associates LLC now owns 1,104 shares of the software company’s stock valued at $386,000 after purchasing an additional 37 shares during the period. Finally, Seeds Investor LLC raised its position in Adobe by 6.7% during the 4th quarter. Seeds Investor LLC now owns 617 shares of the software company’s stock worth $216,000 after purchasing an additional 39 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s AI business is showing stronger traction: the company has reported a series of record earnings, while AI-related revenue has reportedly tripled. That performance is helping challenge the view that generative AI will permanently weaken Adobe’s creative-software franchise. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?
• Positive Sentiment: ADBE has recovered substantially from its 2026 low as investors rotate back into beaten-down software stocks. The rebound suggests some investors believe Adobe’s earnings power and AI product expansion are being undervalued. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
• Neutral Sentiment: A rumored potential acquisition of Workday is being discussed as a possible catalyst, but there is no confirmed transaction. Any deal could expand Adobe’s enterprise software reach, while also introducing execution, financing, and integration risks. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
• Neutral Sentiment: One strategy article recommends selling options to collect income while setting a lower potential purchase price for Adobe. This may appeal to bullish, income-oriented investors, but it is not a fundamental catalyst and reflects continued caution about the stock’s near-term path. ADBE Stock: Collect 12% While Setting A 30%-Off Buy Price
• Negative Sentiment: Adobe remains one of the most heavily punished large-cap software stocks after losing roughly one-third from its peak. Investors continue to question whether generative AI could erode demand for its core creative products, even as recent results have been strong. That unresolved concern likely helps explain the pressure on ADBE today. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?

Insider Buying and Selling

In other news, 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 completion of the sale, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. The trade was a 9.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David A. Ricks bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the transaction, the director directly owned 17,655 shares in the company, valued at $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on ADBE shares. DA Davidson cut their target price on Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, June 12th. Morgan Stanley downgraded Adobe from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $365.00 to $240.00 in a research report on Tuesday, July 21st. Mizuho reduced their target price on Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Piper Sandler decreased their target price on shares of Adobe from $280.00 to $240.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Finally, Wolfe Research lowered shares of Adobe from an “outperform” rating to a “peer perform” rating in a report on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and an average price target of $269.81.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $264.02 on Monday. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $370.86. 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 business’s 50-day moving average is $228.64 and its 200-day moving average is $245.62. The company has a market capitalization of $104.95 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 0.89 and a beta of 1.40.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm’s revenue was up 12.7% on a year-over-year basis. During the same quarter last 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. Equities research analysts predict that Adobe Inc. will post 19.81 earnings per share for the current year.

Adobe announced that its board has authorized a stock repurchase plan on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the software company to purchase up to 24.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

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.