Hi Line Capital Management LLC Makes New $7.78 Million Investment in Adobe Inc. $ADBE

Hi Line Capital Management LLC acquired a new position in Adobe Inc. (NASDAQ:ADBE) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 22,226 shares of the software company’s stock, valued at approximately $7,779,000. Adobe accounts for approximately 2.6% of Hi Line Capital Management LLC’s portfolio, making the stock its 14th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of ADBE. Brighton Jones LLC raised its stake in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after purchasing an additional 167 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Adobe by 25.5% in the 2nd 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 in the last quarter. United Bank raised its stake in Adobe by 12.8% in the 2nd quarter. United Bank now owns 3,773 shares of the software company’s stock worth $1,460,000 after purchasing an additional 428 shares in the last quarter. Schnieders Capital Management LLC. raised its stake in Adobe by 7.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock worth $1,017,000 after purchasing an additional 190 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its stake in Adobe by 190.6% during the second quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock worth $1,069,000 after buying an additional 1,813 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is expanding its AI creative tools into Google Gemini, letting users access Firefly-powered and other creative workflows inside Gemini. That could broaden Adobe’s reach and reinforce its AI strategy. Adobe for creativity connector expands AI creative workflows to Gemini
• Positive Sentiment: Reports say Gemini will soon be able to edit photos across Lightroom and Photoshop, and that Adobe’s professional tools are being integrated more deeply into Google’s ecosystem. Investors may see this as a distribution win for Adobe’s software suite. Gemini will soon be able to edit photos for you across Lightroom and Photoshop
• Positive Sentiment: Michael Burry reportedly maintained a position in Adobe, which may be helping sentiment around the stock despite his broader warning about an AI bubble. Adobe Inc. (ADBE): Michael Burry Maintains Position

Adobe Trading Down 0.6%

ADBE opened at $253.37 on Thursday. The company’s 50 day moving average is $246.25 and its 200-day moving average is $288.44. Adobe Inc. has a 1-year low of $224.13 and a 1-year high of $422.95. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a market cap of $102.41 billion, a P/E ratio of 14.76, a PEG ratio of 0.99 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, beating analysts’ consensus estimates of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The company had revenue of $6.40 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the company posted $5.08 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. Equities research analysts predict that Adobe Inc. will post 19.14 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In related news, CEO Shantanu Narayen sold 75,000 shares of Adobe stock in a transaction that occurred on Tuesday, April 28th. The shares were 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 $87,561,884.52. This trade represents a 17.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $248.02, for a total transaction of $331,354.72. Following the sale, the chief financial officer owned 42,833 shares in the company, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 77,091 shares of company stock worth $18,782,773 in the last ninety days. Company insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ADBE shares. Stifel Nicolaus reduced their price objective on shares of Adobe from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. UBS Group reduced their price objective on shares of Adobe from $290.00 to $260.00 and set a “neutral” rating on the stock in a research note on Friday, April 17th. DA Davidson set a $300.00 price objective on shares of Adobe in a research note on Friday, March 13th. Dbs Bank downgraded shares of Adobe from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. Finally, KeyCorp reduced their price objective on shares of Adobe from $310.00 to $235.00 and set an “underweight” rating on the stock in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Adobe presently has a consensus rating of “Hold” and a consensus target price of $338.15.

About Adobe

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.