HighTower Advisors LLC Purchases 29,977 Shares of Adobe Inc. $ADBE

HighTower Advisors LLC increased its position in Adobe Inc. (NASDAQ:ADBE) by 10.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 324,444 shares of the software company’s stock after purchasing an additional 29,977 shares during the quarter. HighTower Advisors LLC’s holdings in Adobe were worth $66,518,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ADBE shares. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Bank of America raised their target price on Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 19th. UBS Group lowered Adobe from a “buy” rating to an “equal weight” rating in a research note on Tuesday, July 21st. DA Davidson lowered their price target on Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Finally, KeyCorp dropped their price objective on Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a research note on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $278.72.

Insider Buying and Selling

In other Adobe news, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the acquisition, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $109,961.28. Following the completion of the transaction, the chief accounting officer directly owned 3,824 shares in the company, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is currently owned by insiders.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: RBC Capital maintained an Outperform rating and raised its price target to $315, citing expectations for an in-line third quarter and the importance of renewed annual recurring-revenue growth. The target implies meaningful upside from recent trading levels. RBC sets $315 target article
• Positive Sentiment: Adobe’s recent rally is being supported by strong fundamentals: second-quarter revenue reached roughly $6.6 billion, up 12.7% year over year, while AI-first ARR more than tripled to above $500 million. Investors will look for further evidence of monetization in Thursday’s results. Adobe Q3 earnings preview
• Positive Sentiment: Bank of America reportedly views Adobe more favorably than Oracle ahead of earnings, adding a positive relative-investment case for the software company. BofA Adobe versus Oracle analysis
• Neutral Sentiment: Adobe named Anil Chakravarthy president and CEO effective December 1, while longtime CEO Shantanu Narayen becomes executive chair. The transition could sharpen the company’s AI strategy, but investors will closely evaluate execution under the new leadership. Adobe CEO succession article
• Negative Sentiment: Analyst sentiment remains divided ahead of earnings. Several recent calls are Holds or Sells, and concerns include Adobe’s roughly 20% year-to-date decline, an open CFO search and uncertainty over whether AI growth can offset competitive pressure. Adobe analyst earnings preview
• Negative Sentiment: Retail investors and hedge funds appear sharply split, while reported insider activity shows six open-market sales and no purchases over the past six months. That divergence may reinforce concerns about near-term confidence in the stock. Adobe investor sentiment article

Adobe Price Performance

Shares of ADBE stock opened at $266.51 on Tuesday. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $370.86. The firm’s 50 day moving average is $250.39 and its 200-day moving average is $245.73. The firm has a market capitalization of $105.94 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 0.93 and a beta of 1.42. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior 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. Sell-side analysts forecast that Adobe Inc. will post 19.81 EPS for the current fiscal 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.