Longfellow Investment Management Co. LLC Makes New $2.59 Million Investment in Adobe Inc. $ADBE

Longfellow Investment Management Co. LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,646 shares of the software company's stock, valued at approximately $2,593,000.

Several other hedge funds and other institutional investors have also modified their holdings of ADBE. Western Pacific Wealth Management LP purchased a new stake in Adobe during the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new position in Adobe during the 3rd quarter worth $26,000. TrustBank purchased a new stake in Adobe during the 4th quarter worth about $28,000. Lloyd Advisory Services LLC. acquired a new stake in Adobe in the 4th quarter valued at about $31,000. Finally, Sankala Group LLC acquired a new stake in Adobe in the 4th quarter valued at about $31,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. TD Cowen lowered their price objective on Adobe from $310.00 to $285.00 and set a "hold" rating for the company in a research report on Monday, June 8th. Jefferies Financial Group reduced their target price on shares of Adobe from $290.00 to $230.00 and set a "hold" rating on the stock in a report on Friday, June 12th. Wells Fargo & Company lowered their price target on shares of Adobe from $330.00 to $250.00 and set an "overweight" rating for the company in a report on Friday, June 12th. Wall Street Zen downgraded shares of Adobe from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Finally, UBS Group lowered shares of Adobe from a "buy" rating to an "equal weight" rating in a report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $269.81.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 416 shares of the company's stock in a transaction 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 transaction, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David A. Ricks acquired 10,000 shares of the company's stock in a transaction on Thursday, June 25th. The shares were purchased at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the acquisition, the director 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 position. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is owned by insiders.

Trending Headlines about 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 Adobe stock opened at $264.02 on Monday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $370.86. The firm's 50 day moving average is $228.64 and its two-hundred day moving average is $245.62. The firm has a market capitalization of $104.95 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.89 and a beta of 1.40.

Adobe (NASDAQ:ADBE - Get Free Report) last issued 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 business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The company's revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Research analysts forecast that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Adobe declared that its board has approved a stock repurchase program on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to buy up to 24.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

About Adobe

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.

Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE - Free Report).

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