19,396 Shares in Adobe Inc. $ADBE Acquired by Callan Family Office LLC

Callan Family Office LLC acquired a new stake in Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,396 shares of the software company’s stock, valued at approximately $3,976,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Western Pacific Wealth Management LP acquired a new stake in Adobe in the fourth quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe during the 3rd quarter worth $26,000. TrustBank acquired a new position in shares of Adobe during the 4th quarter worth $28,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Adobe in the 2nd quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Adobe in the 4th quarter worth about $31,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bank of America raised its Adobe price target, citing the company’s potential to monetize AI and its positioning within a broader software-sector rally. The forecast increase has reinforced bullish sentiment toward ADBE. Bank of America price-target increase
• Positive Sentiment: Adobe expanded Firefly’s capabilities by making AI-generated music, voiceovers, and sound effects broadly available. The move strengthens Adobe’s creative-AI product portfolio and could support new user adoption, engagement, and revenue opportunities. Adobe Firefly audio tools
• Positive Sentiment: An Adobe survey reported that 87% of creators say AI is helping them grow their businesses. The findings support demand for Adobe’s AI tools, although survey data is not a direct measure of financial performance. Adobe creator AI report
• Neutral Sentiment: Several analysts and market commentators describe Adobe’s valuation as attractive after its recovery, with some viewing the rebound as the beginning of a stronger turnaround. However, the stock’s outlook remains dependent on converting AI interest into sustained growth and cash flow. Adobe recovery analysis
• Negative Sentiment: Adobe has risen roughly 45% from its 2026 low, prompting caution that much of the near-term recovery may already be priced in. One analysis recommends taking some profits despite still-reasonable valuation metrics. Adobe rally and valuation analysis
• Negative Sentiment: Commentary warning that profitability alone cannot protect companies from intensifying competition highlights a longer-term risk for Adobe, particularly as generative-AI rivals pressure pricing and product differentiation. Profitability and competition analysis

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction that occurred 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 directly owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Ricks bought 10,000 shares of the stock in a transaction on Thursday, June 25th. The stock was purchased at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of 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 position. The disclosure for this purchase is available in the SEC filing. 0.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on ADBE shares. Barclays dropped their target price on shares of Adobe from $275.00 to $250.00 and set an “equal weight” rating for the company in a report on Friday, June 12th. Royal Bank Of Canada lowered their price target on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating on the stock in a research report on Monday, June 8th. BMO Capital Markets dropped their price objective on shares of Adobe from $285.00 to $230.00 and set a “market perform” rating for the company in a research note on Friday, June 12th. Stifel Nicolaus restated a “hold” rating and set a $200.00 price objective (down from $350.00) on shares of Adobe in a research report on Friday, June 12th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $270.96.

Adobe Price Performance

NASDAQ:ADBE opened at $275.30 on Friday. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $370.86. The firm has a market cap of $109.43 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company’s 50-day moving average is $232.61 and its two-hundred day moving average is $244.99. 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 the consensus estimate of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous 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. Research analysts expect that Adobe Inc. will post 19.81 EPS for the current year.

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.