Oxbow Advisors LLC Lowers Position in Adobe Inc. $ADBE

Oxbow Advisors LLC decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 91.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,442 shares of the software company’s stock after selling 14,706 shares during the period. Oxbow Advisors LLC’s holdings in Adobe were worth $351,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Simplify Asset Management Inc. acquired a new stake in Adobe during the first quarter worth about $551,000. Altus Wealth Group LLC acquired a new position in shares of Adobe in the 1st quarter valued at about $271,000. Baer Investment Advisory LLC acquired a new position in shares of Adobe in the 1st quarter valued at about $234,000. 4WEALTH Advisors Inc. grew its holdings in shares of Adobe by 96.2% during the 1st quarter. 4WEALTH Advisors Inc. now owns 1,250 shares of the software company’s stock worth $301,000 after purchasing an additional 613 shares during the period. Finally, Kennon Green & Company LLC grew its holdings in shares of Adobe by 12.8% during the 1st quarter. Kennon Green & Company LLC now owns 12,945 shares of the software company’s stock worth $3,147,000 after purchasing an additional 1,466 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

Adobe stock opened at $219.72 on Friday. The firm has a market capitalization of $87.34 billion, a PE ratio of 12.57, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43. Adobe Inc. has a one year low of $190.12 and a one year high of $386.60. The stock’s 50 day moving average price is $232.91 and its 200 day moving average price is $265.14. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. Adobe’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the company 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 expect that Adobe Inc. will post 19.8 EPS for the current fiscal year.

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

Insider Activity

In related news, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the sale, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Ricks purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the purchase, 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. The SEC filing for this purchase provides additional information. Insiders have sold a total of 77,091 shares of company stock valued at $18,782,773 over the last ninety days. 0.20% of the stock is owned by company insiders.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: HSBC upgraded Adobe to Buy and said AI concerns have created an overly pessimistic valuation, helping fuel a rally in the stock. This Adobe analyst is going against the grain by telling investors to buy the stock
• Positive Sentiment: Adobe is expanding its AI push with Firefly Foundry and a broader freemium funnel, which could increase adoption of its creative tools and support longer-term growth. Adobe (ADBE) Launches Firefly Foundry As It Pushes AI Tools To More Users
• Positive Sentiment: An insider reportedly increased his Adobe stake by 130%, signaling internal confidence in the company’s turnaround and AI strategy. 1 Adobe Insider Just Boosted His Stake by 130%. Why He Is Betting Big on ADBE Right Now.
• Neutral Sentiment: Several articles highlighted Adobe as a long-term value or “best SaaS stock” idea, but these were largely opinion pieces rather than new fundamental updates. Why Adobe Systems (ADBE) is a Top Value Stock for the Long-Term
• Neutral Sentiment: Commentary from analysts and investors continued to debate whether Adobe’s growth is slowing or whether the market is underestimating its resilience against AI disruption. Analyst Sees Slower Growth Tempering Outlook for Adobe (ADBE)
• Negative Sentiment: Phillip Securities downgraded Adobe to Neutral from Buy and cut its price target sharply, reflecting concern that growth may slow even as legacy software remains durable. Analyst Sees Slower Growth Tempering Outlook for Adobe (ADBE)

Analyst Upgrades and Downgrades

Several research firms recently commented on ADBE. HSBC upgraded shares of Adobe from a “hold” rating to a “buy” rating and set a $308.00 price target on the stock in a report on Thursday. Freedom Capital downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Sanford C. Bernstein dropped their price objective on shares of Adobe from $447.00 to $379.00 and set an “outperform” rating for the company in a research report on Friday, June 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of Adobe in a research note on Wednesday, June 3rd. Finally, KeyCorp reduced their target price on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a report on Friday, June 12th. Six investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Adobe presently has an average rating of “Hold” and a consensus price target of $278.40.

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.