Trillium Asset Management LLC Invests $1.13 Million in Adobe Inc. $ADBE

Key Points

• Trillium Asset Management bought a new $1.13 million stake in Adobe during the second quarter, purchasing 5,516 shares. Institutional investors collectively own 81.79% of Adobe’s stock.
• Analyst sentiment remains mixed: Adobe has a consensus “Hold” rating and a $270.96 average price target, despite HSBC upgrading the stock to “Buy” and Bank of America raising its target based on AI monetization potential.
• Adobe’s latest quarterly results exceeded expectations, with $6.62 billion in revenue, $5.96 in adjusted EPS, and 12.7% year-over-year revenue growth. Its AI expansion, including new Firefly audio tools, supports growth prospects, but competition and the stock’s roughly 45% recovery from its 2026 low remain risks.

Trillium Asset Management LLC bought a new stake in Adobe Inc. (NASDAQ:ADBE - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 5,516 shares of the software company's stock, valued at approximately $1,131,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vise Technologies Inc. acquired a new stake in Adobe during the second quarter valued at $3,063,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Adobe in the second quarter worth about $5,708,000. E Fund Management Co. Ltd. purchased a new stake in shares of Adobe during the 2nd quarter worth about $5,145,000. Quartz Partners LLC purchased a new stake in shares of Adobe during the 2nd quarter worth about $4,526,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of Adobe during the 2nd quarter valued at about $107,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 transaction of $109,961.28. Following the transaction, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. The trade was a 9.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Ricks acquired 10,000 shares of the company's stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the acquisition, the director directly owned 17,655 shares of the company's stock, valued at $3,434,074.05. This trade represents a 130.63% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.20% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ADBE. HSBC raised Adobe from a "hold" rating to a "buy" rating and upped their price target for the stock from $282.00 to $308.00 in a report on Thursday, July 2nd. CLSA began coverage on Adobe in a research report on Monday, July 20th. They issued an "outperform" rating and a $300.00 price objective for the company. Oppenheimer reaffirmed a "market perform" rating on shares of Adobe in a research note on Friday, June 12th. Freedom Capital lowered Adobe from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 12th. Finally, Wells Fargo & Company cut 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. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Adobe currently has a consensus rating of "Hold" and a consensus price target of $270.96.

Adobe News Roundup

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

Adobe Price Performance

Shares of NASDAQ ADBE opened at $275.30 on Friday. The firm has a 50-day simple moving average of $232.61 and a 200-day simple moving average of $244.99. 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 stock has a market capitalization of $109.43 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. 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 released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS 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 the consensus estimate of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. Adobe's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior 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. On average, equities analysts predict that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

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.

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