Flputnam Investment Management Co. Increases Stock Position in Adobe Inc. $ADBE

Flputnam Investment Management Co. boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 826.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,894 shares of the software company’s stock after purchasing an additional 22,208 shares during the period. Flputnam Investment Management Co.’s holdings in Adobe were worth $5,104,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Western Pacific Wealth Management LP purchased a new position in shares of Adobe in the 4th quarter worth $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Adobe during the third quarter valued at $26,000. TrustBank bought a new position in Adobe in the fourth quarter valued at about $28,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Adobe in the second quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Adobe in the fourth quarter worth about $31,000. Institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of research reports. Wells Fargo & Company reduced their target price on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, June 12th. The Goldman Sachs Group dropped their price target on shares of Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research note on Friday, June 12th. Weiss Ratings downgraded shares of Adobe from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, August 17th. CLSA began coverage on Adobe in a research note on Monday, July 20th. They issued an “outperform” rating and a $300.00 price objective for the company. Finally, Freedom Capital cut Adobe from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Seven research 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’s stock. According to MarketBeat, Adobe presently has a consensus rating of “Hold” and an average target price of $273.08.

Adobe Stock Performance

Shares of ADBE stock opened at $291.52 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $115.88 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.40. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $370.86. The stock’s 50-day moving average price is $240.67 and its 200-day moving average price is $244.99.

Adobe (NASDAQ:ADBE) last released its quarterly 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 company had revenue of $6.62 billion for 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 was up 12.7% on a year-over-year basis. During the same quarter in the prior 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. Equities research analysts predict that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Insider Transactions at Adobe

In other news, Director David A. Ricks purchased 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were purchased at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the purchase, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jillian Forusz sold 416 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the transaction, the chief accounting officer directly owned 3,824 shares in the company, valued at $1,010,797.92. This trade represents a 9.81% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.20% of the company’s stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s stock broke above technical resistance near $275 and $285 and reclaimed key moving averages. Analysts identified potential upside targets around $306.30 and $330.61, while a developing “golden cross” pattern is supporting bullish momentum ahead of the company’s upcoming earnings report. Adobe Stock Breakout Targets $306, Then $330 as ADBE Reverses
• Positive Sentiment: Strong results and guidance remain a fundamental support. Adobe’s latest quarter exceeded consensus estimates for both earnings and revenue, with revenue up 12.7% year over year; management’s fiscal 2026 EPS guidance is $24.35–$24.45.
• Positive Sentiment: Adobe is expanding AI capabilities across Photoshop, Firefly, Acrobat and Adobe Express. Photoshop’s optional prompt-based AI editing mode could improve product engagement and reinforce Adobe’s competitive position in creative software. Adobe Photoshop Adds a Whole New AI Editing Mode
• Positive Sentiment: An expanded, multiyear partnership with Stagwell will integrate Adobe’s data intelligence, creative transformation and AI tools into enterprise marketing initiatives, potentially supporting customer acquisition and retention. Stagwell Expands Strategic Partnership with Adobe
• Neutral Sentiment: Adobe benefited from a broader enterprise-software rally after Salesforce reported strong results, raised guidance and announced an Anthropic partnership. The move is a sector read-through rather than an Adobe-specific financial update. Salesforce Soars as Enterprise Software Rebounds
• Negative Sentiment: A comparison with Shopify suggests Adobe is lagging in AI-driven ecommerce, where Shopify is benefiting from faster gross merchandise volume growth, greater payments adoption and expanding agentic-commerce capabilities. This may raise concerns about Adobe’s relative growth opportunities outside its core creative and document franchises. SHOP vs. ADBE: Which Stock Has the Edge in AI-Driven Ecommerce?

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.