Barlow Wealth Partners LLC Decreases Stock Position in Adobe Inc. $ADBE

Key Points

• Barlow Wealth Partners cut its Adobe position by 45.1% in the second quarter, selling 16,032 shares and retaining 19,487 shares valued at approximately $4.3 million. Institutional investors still own 81.79% of Adobe, with several major firms establishing new stakes.
• Adobe exceeded quarterly expectations, reporting $5.96 in EPS and $6.62 billion in revenue, up 12.7% year over year. Despite the solid results, analysts maintain a consensus “Hold” rating with an average price target of $278.72.
• Adobe is accelerating its AI strategy while preparing for a CEO transition. Anil Chakravarthy will become CEO on December 1, while the company expands its AI ecosystem through the Rilo acquisition and new Slack integrations; competition and uncertainty around leadership continuity remain concerns.

Barlow Wealth Partners LLC lessened its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 45.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,487 shares of the software company's stock after selling 16,032 shares during the quarter. Barlow Wealth Partners LLC's holdings in Adobe were worth $4,306,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Adobe during the 2nd quarter worth approximately $8,437,821,000. Norges Bank purchased a new position in shares of Adobe in the fourth quarter worth $2,275,165,000. Primecap Management Co. CA purchased a new position in shares of Adobe in the second quarter worth $1,071,668,000. Bank of New York Mellon Corp acquired a new stake in shares of Adobe during the second quarter worth $954,468,000. Finally, Deutsche Bank AG acquired a new stake in shares of Adobe during the second quarter worth $750,203,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Insider Activity at Adobe

In other 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 transaction of $109,961.28. Following the completion of the transaction, the chief accounting officer directly owned 3,824 shares of the company's stock, valued at $1,010,797.92. The trade was a 9.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Ricks bought 10,000 shares of the firm's stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average price of $194.51 per share, with a total value 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 trade represents 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 insiders.

Adobe Stock Up 2.1%

Adobe stock opened at $285.75 on Friday. The business's 50-day moving average price is $247.91 and its 200 day moving average price is $245.67. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The firm has a market cap of $113.59 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 0.97 and a beta of 1.42. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $370.86.

Adobe (NASDAQ:ADBE - Get Free Report) last announced 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. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the company posted $5.06 earnings per share. Adobe's revenue for the quarter was up 12.7% on a year-over-year basis. 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 anticipate that Adobe Inc. will post 19.81 earnings per share for the current year.

Analysts Set New Price Targets

ADBE has been the topic of several research reports. Phillip Securities downgraded Adobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. Royal Bank Of Canada lifted their price target on Adobe from $285.00 to $315.00 and gave the stock an "outperform" rating in a research report on Wednesday. CLSA began coverage on Adobe in a research note on Monday, July 20th. They set an "outperform" rating and a $300.00 price target on the stock. Freedom Capital lowered Adobe from a "strong-buy" rating to a "hold" rating in a report on Friday, June 12th. Finally, Sanford C. Bernstein reduced their price objective on Adobe from $447.00 to $379.00 and set an "outperform" rating for the company in a research note on Friday, June 12th. Seven 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 data from MarketBeat.com, Adobe currently has an average rating of "Hold" and a consensus target price of $278.72.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analysts see upside ahead of earnings. RBC raised its price target to $315 from $285 and maintained an “Outperform” rating, citing expectations that Adobe’s annual recurring revenue could exceed estimates. Adobe is scheduled to report fiscal third-quarter results on September 10. RBC raises Adobe price target
• Positive Sentiment: Adobe is expanding its AI and workflow ecosystem. The company acquired Indian marketing-intelligence startup Rilo through a deal involving technology licensing and the addition of its team, strengthening Adobe’s marketing-automation and “agentic AI” capabilities. Adobe also introduced an integration with Slack that brings more than 70 Photoshop, Firefly, Acrobat, Illustrator, Premiere and other tools into workplace chats. Adobe acquires Rilo
• Neutral Sentiment: New CEO named for December. Adobe appointed Anil Chakravarthy, who leads its Customer Experience Orchestration business and has overseen several AI products, as president and CEO effective December 1. Current CEO Shantanu Narayen will become executive chair and assist with the transition. Adobe announces CEO transition
• Negative Sentiment: Investors were disappointed by the CEO selection. Chakravarthy is an insider, but analysts said investors had been anticipating another longtime business leader for the role. The departure of that executive may signal additional leadership turnover, increasing concerns about strategic continuity during Adobe’s AI transformation. Why Adobe stock is under pressure
• Negative Sentiment: Competitive and valuation risks remain. Commentators warned that Google’s new AI-powered image-generation and editing tools could intensify competition with Adobe. Analysts remain divided, with some raising targets while others cite AI disruption risks and retain cautious ratings.

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.

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