Patriot Financial Group Insurance Agency LLC Increases Holdings in Adobe Inc. $ADBE

Patriot Financial Group Insurance Agency LLC lifted its holdings in Adobe Inc. (NASDAQ:ADBE) by 799.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,142 shares of the software company’s stock after acquiring an additional 5,459 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Adobe were worth $1,493,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. SWAN Capital LLC raised its position in 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 purchasing an additional 31 shares during the period. Logan Capital Management Inc. boosted its holdings in shares of Adobe by 0.3% in the 3rd 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 period. Peoples Bank KS increased its position in shares of Adobe by 1.6% during the 4th quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock valued at $714,000 after purchasing an additional 33 shares during the last quarter. Rosenberg Matthew Hamilton increased its position in shares of Adobe by 16.1% during the 4th quarter. Rosenberg Matthew Hamilton now owns 245 shares of the software company’s stock valued at $86,000 after purchasing an additional 34 shares during the last quarter. Finally, Marquette Asset Management LLC raised its holdings in Adobe by 72.3% during the 4th quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after buying an additional 34 shares during the period. 81.79% of the stock is owned by institutional investors.

Insider Activity at Adobe

In other Adobe news, CFO Daniel Durn sold 1,336 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the transaction, the chief financial officer directly owned 42,833 shares in the company, valued at $10,623,440.66. This represents a 3.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the transaction, the chief accounting officer owned 3,521 shares in the company, valued at $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 77,091 shares of company stock valued at $18,782,773 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on ADBE shares. Stifel Nicolaus restated a “hold” rating and issued a $200.00 price target (down from $350.00) on shares of Adobe in a research report on Friday, June 12th. BTIG Research initiated coverage on shares of Adobe in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Adobe in a report on Wednesday, June 3rd. Wells Fargo & Company dropped their price target on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Finally, Evercore set a $225.00 price target on shares of Adobe and gave the company an “in-line” rating in a report on Friday, June 12th. Five equities research 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 data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $278.16.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is expanding its AI strategy with new upgrades across Firefly, Creative Cloud, GenStudio and CX Enterprise, plus a LiveRamp integration for commerce media networks, reinforcing its push to make agentic AI a core part of its platform. Adobe’s Agentic AI Push and Russell Index Shift Might Change The Case For Investing In Adobe (ADBE)
• Positive Sentiment: Recent commentary says ADBE has the edge over Pegasystems as an AI software pick, citing GenAI strength, valuation, price performance and analyst sentiment. Adobe vs. Pegasystems: Which AI Software Stock Is the Better Buy?
• Positive Sentiment: Phillip Securities reiterated a Buy rating on Adobe and set a $385 price target, adding to bullish analyst support for the stock. Phillip Securities Maintains Buy Rating on Adobe (ADBE) Stock
• Positive Sentiment: Adobe’s data showing stronger-than-expected online spending during Amazon’s Prime Day helped validate its e-commerce analytics relevance, indirectly highlighting demand for Adobe Analytics. Amazon climbs as Adobe data points to stronger-than-expected Prime Day demand
• Neutral Sentiment: Adobe was added to several Russell value and defensive benchmarks, which may support passive demand for the shares but is not a fundamental catalyst by itself. Adobe’s Agentic AI Push and Russell Index Shift Might Change The Case For Investing In Adobe (ADBE)
• Negative Sentiment: Some investors remain concerned that AI tools from newer rivals could pressure long-term growth across software names, and Adobe’s stock has already been hit hard this year amid that valuation reset. Are NOW, CRM, WDAY, and ADBE stocks bargains after their valuation reset?

Adobe Stock Performance

ADBE stock opened at $206.43 on Tuesday. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $392.58. The firm has a market cap of $82.06 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.71 and a beta of 1.42. The business’s fifty day simple moving average is $235.73 and its two-hundred day simple moving average is $268.37. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42.

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

Adobe announced that its Board of Directors has authorized a share buyback plan on Tuesday, April 21st that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Adobe Company 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.