Clear Harbor Asset Management LLC Buys Shares of 3,716 Adobe Inc. $ADBE

Key Points

• Clear Harbor Asset Management purchased 3,716 Adobe shares worth approximately $762,000 during the second quarter. Institutional investors and hedge funds collectively own 81.79% of Adobe’s stock.
• Adobe exceeded quarterly expectations, reporting $5.96 in adjusted earnings per share versus a $5.82 consensus estimate and $6.62 billion in revenue, up 12.7% year over year.
• Analysts maintain a cautious outlook, with Adobe carrying a consensus “Hold” rating and a $270.96 price target. AI expansion through Firefly supports growth prospects, but competition and the stock’s roughly 45% rebound from its 2026 low remain risks.

Clear Harbor Asset Management LLC purchased a new stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 3,716 shares of the software company's stock, valued at approximately $762,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Western Pacific Wealth Management LP bought a new stake in Adobe during the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new position in shares of Adobe during the third quarter valued at $26,000. TrustBank bought a new position in shares of Adobe during the fourth quarter valued at $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of Adobe during the second quarter worth $28,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of Adobe during the fourth quarter worth $31,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Stock Performance

Shares of ADBE opened at $275.30 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 firm's fifty day simple moving average is $232.61 and its two-hundred day simple moving average is $244.65. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $370.86. The stock has a market capitalization of $109.43 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 0.93 and a beta of 1.40.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 65.11% and a net margin of 28.69%.The business's quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the company posted $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, analysts predict that Adobe Inc. will post 19.8 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADBE. Weiss Ratings downgraded Adobe from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, August 17th. Morgan Stanley downgraded Adobe from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $365.00 to $240.00 in a report on Tuesday, July 21st. TD Cowen reduced their price target on Adobe from $310.00 to $285.00 and set a "hold" rating on the stock in a research report on Monday, June 8th. Citigroup reissued a "market perform" rating on shares of Adobe in a research note on Friday, June 12th. Finally, Phillip Securities downgraded Adobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $270.96.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bank of America raised its Adobe price target, citing the company’s potential to monetize AI and its positioning within a broader software-sector rally. The forecast increase has reinforced bullish sentiment toward ADBE. Bank of America price-target increase
• Positive Sentiment: Adobe expanded Firefly’s capabilities by making AI-generated music, voiceovers, and sound effects broadly available. The move strengthens Adobe’s creative-AI product portfolio and could support new user adoption, engagement, and revenue opportunities. Adobe Firefly audio tools
• Positive Sentiment: An Adobe survey reported that 87% of creators say AI is helping them grow their businesses. The findings support demand for Adobe’s AI tools, although survey data is not a direct measure of financial performance. Adobe creator AI report
• Neutral Sentiment: Several analysts and market commentators describe Adobe’s valuation as attractive after its recovery, with some viewing the rebound as the beginning of a stronger turnaround. However, the stock’s outlook remains dependent on converting AI interest into sustained growth and cash flow. Adobe recovery analysis
• Negative Sentiment: Adobe has risen roughly 45% from its 2026 low, prompting caution that much of the near-term recovery may already be priced in. One analysis recommends taking some profits despite still-reasonable valuation metrics. Adobe rally and valuation analysis
• Negative Sentiment: Commentary warning that profitability alone cannot protect companies from intensifying competition highlights a longer-term risk for Adobe, particularly as generative-AI rivals pressure pricing and product differentiation. Profitability and competition analysis

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 416 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was 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 approximately $1,010,797.92. This represents a 9.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David A. Ricks acquired 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The shares were bought at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, 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. Insiders own 0.20% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source