HighTower Advisors LLC Has $66.52 Million Stake in Adobe Inc. $ADBE

Key Points

• HighTower Advisors increased its Adobe stake by 10.2% in the second quarter, owning 324,444 shares valued at approximately $66.52 million. Institutional investors and hedge funds collectively own 81.79% of Adobe.
• Adobe exceeded quarterly expectations with $5.96 in EPS and $6.62 billion in revenue, up 12.7% year over year. The company guided for fiscal 2026 EPS of $24.35–$24.45.
• Wall Street sentiment remains mixed, with an overall “Hold” rating and an average price target of $278.72; analysts cited both Adobe’s AI-driven growth potential and concerns about competition, leadership changes, and the stock’s decline.

HighTower Advisors LLC lifted its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 10.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 324,444 shares of the software company's stock after purchasing an additional 29,977 shares during the quarter. HighTower Advisors LLC owned 0.08% of Adobe worth $66,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ADBE. Western Pacific Wealth Management LP acquired a new stake in shares of Adobe during the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe in the third quarter worth $26,000. TrustBank acquired a new position in shares of Adobe in the fourth quarter worth $28,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Adobe during the second quarter worth $28,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Adobe during the fourth quarter valued at $31,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Performance

NASDAQ:ADBE opened at $266.51 on Tuesday. The firm has a market capitalization of $105.94 billion, a PE ratio of 15.25, a PEG ratio of 0.93 and a beta of 1.42. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $370.86. 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 $250.39 and its 200 day simple moving average is $245.73.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 28.69% and a return on equity of 65.11%. The business's revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, sell-side analysts anticipate that Adobe Inc. will post 19.81 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ADBE shares. Sanford C. Bernstein dropped their target price on Adobe from $447.00 to $379.00 and set an "outperform" rating on the stock in a research report on Friday, June 12th. Dbs Bank lowered Adobe from a "moderate buy" rating to a "hold" rating in a report on Tuesday, May 19th. CLSA initiated coverage on Adobe in a research note on Monday, July 20th. They issued an "outperform" rating and a $300.00 price target for the company. Wells Fargo & Company dropped their price objective on Adobe from $330.00 to $250.00 and set an "overweight" rating on the stock in a report on Friday, June 12th. Finally, Citizens Jmp reaffirmed a "market perform" rating on shares of Adobe in a research report on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $278.72.

Adobe News Roundup

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

Insider Activity

In other Adobe news, 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, for a total transaction of $1,945,100.00. Following the purchase, the director directly owned 17,655 shares in the company, valued at $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jillian Forusz sold 416 shares of the firm's stock in a transaction that occurred on Wednesday, July 29th. The shares were 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 directly owned 3,824 shares in the company, valued at $1,010,797.92. This trade represents a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is currently owned by insiders.

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.

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