Roman Butler Fullerton & Co. Purchases Shares of 2,171 Adobe Inc. $ADBE

Roman Butler Fullerton & Co. purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 2,171 shares of the software company’s stock, valued at approximately $501,000.

A number of other hedge funds have also recently made changes to their positions in ADBE. Brighton Jones LLC raised its position in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after purchasing an additional 167 shares during the period. Sivia Capital Partners LLC increased its holdings in shares of Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock worth $926,000 after buying an additional 486 shares during the period. United Bank increased its holdings in shares of Adobe by 12.8% in the second quarter. United Bank now owns 3,773 shares of the software company’s stock worth $1,460,000 after buying an additional 428 shares during the period. Schnieders Capital Management LLC. lifted its stake in shares of Adobe by 7.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock valued at $1,017,000 after acquiring an additional 190 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in Adobe by 190.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock valued at $1,069,000 after acquiring an additional 1,813 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Insider Activity at Adobe

In other Adobe news, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction on Wednesday, July 29th. The stock was 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 owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This trade represents a 9.81% 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 firm’s stock in a transaction dated Thursday, June 25th. The stock was acquired at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the purchase, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.20% of the stock is owned by company insiders.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s AI business is showing stronger traction: the company has reported a series of record earnings, while AI-related revenue has reportedly tripled. That performance is helping challenge the view that generative AI will permanently weaken Adobe’s creative-software franchise. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?
• Positive Sentiment: ADBE has recovered substantially from its 2026 low as investors rotate back into beaten-down software stocks. The rebound suggests some investors believe Adobe’s earnings power and AI product expansion are being undervalued. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
• Neutral Sentiment: A rumored potential acquisition of Workday is being discussed as a possible catalyst, but there is no confirmed transaction. Any deal could expand Adobe’s enterprise software reach, while also introducing execution, financing, and integration risks. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
• Neutral Sentiment: One strategy article recommends selling options to collect income while setting a lower potential purchase price for Adobe. This may appeal to bullish, income-oriented investors, but it is not a fundamental catalyst and reflects continued caution about the stock’s near-term path. ADBE Stock: Collect 12% While Setting A 30%-Off Buy Price
• Negative Sentiment: Adobe remains one of the most heavily punished large-cap software stocks after losing roughly one-third from its peak. Investors continue to question whether generative AI could erode demand for its core creative products, even as recent results have been strong. That unresolved concern likely helps explain the pressure on ADBE today. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $264.02 on Monday. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $370.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a 50-day moving average of $228.64 and a 200 day moving average of $245.62. The stock has a market cap of $104.95 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The company had revenue of $6.62 billion during 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% on a year-over-year basis. During the same quarter last year, the company earned $5.06 EPS. 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 19.81 EPS for the current fiscal year.

Adobe announced that its board has approved a stock repurchase program on Tuesday, April 21st that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the software company to purchase up to 24.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms recently issued reports on ADBE. Bank of America restated an “underperform” rating and set a $190.00 price target on shares of Adobe in a research report on Tuesday, July 7th. Citizens Jmp reissued a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. KeyCorp decreased their target price on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research note on Friday, June 12th. Dbs Bank lowered shares of Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Royal Bank Of Canada dropped their price target on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating for the company in a research report on Monday, June 8th. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus price target of $269.81.

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.