Corient Private Wealth LP Makes New $46.67 Million Investment in Adobe Inc. $ADBE

Corient Private Wealth LP acquired a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 426,631 shares of the software company’s stock, valued at approximately $46,666,000.

A number of other hedge funds have also recently modified their holdings of ADBE. Brighton Jones LLC lifted its position in Adobe by 2.1% during the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after acquiring an additional 167 shares during the period. Sivia Capital Partners LLC grew its holdings in Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock worth $926,000 after purchasing an additional 486 shares during the period. United Bank increased its stake in shares of Adobe by 12.8% during the second quarter. United Bank now owns 3,773 shares of the software company’s stock valued at $1,460,000 after purchasing an additional 428 shares in the last quarter. Schnieders Capital Management LLC. lifted its holdings in shares of Adobe by 7.8% during the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock valued at $1,017,000 after purchasing an additional 190 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of Adobe by 190.6% during the second quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock valued at $1,069,000 after purchasing an additional 1,813 shares during the last quarter. Institutional investors own 81.79% of the company’s stock.

Key Adobe News

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

Insider Activity at Adobe

In other news, Director David A. Ricks bought 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The shares were purchased at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. This represents a 9.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.20% of the company’s stock.

Adobe Stock Up 5.7%

ADBE opened at $289.15 on Friday. The firm’s 50 day simple moving average is $238.75 and its two-hundred day simple moving average is $244.82. The company has a market capitalization of $114.94 billion, a PE ratio of 16.54, a PEG ratio of 0.92 and a beta of 1.40. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $370.86. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE) last issued 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 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 business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter 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, equities analysts forecast that Adobe Inc. will post 19.81 EPS for the current year.

Wall Street Analysts Forecast Growth

ADBE has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Adobe from $420.00 to $340.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Dbs Bank cut Adobe from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 19th. TD Cowen dropped their target price on Adobe from $310.00 to $285.00 and set a “hold” rating on the stock in a report on Monday, June 8th. CLSA assumed coverage on Adobe in a research note on Monday, July 20th. They issued an “outperform” rating and a $300.00 target price on the stock. Finally, Evercore set a $225.00 price target on Adobe and gave the company an “in-line” rating in a report on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, Adobe has an average rating of “Hold” and an average target price of $270.96.

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.