25,094 Shares in Adobe Inc. $ADBE Acquired by E Fund Management Co. Ltd.

Key Points

• E Fund Management acquired 25,094 Adobe shares worth approximately $5.15 million during the second quarter. Institutional investors collectively own 81.79% of Adobe’s stock.
• Analyst sentiment is mixed: Adobe has a consensus “Hold” rating from 33 analysts, with a consensus price target of $270.96. Several firms recently cut their targets or downgraded the stock, although JPMorgan maintained an “overweight” rating.
• Adobe shares opened at $272.47, up 3.5%, while the company reported quarterly revenue of $6.62 billion and EPS of $5.96, beating estimates; revenue increased 12.7% year over year.

E Fund Management Co. Ltd. purchased a new position in Adobe Inc. (NASDAQ:ADBE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,094 shares of the software company's stock, valued at approximately $5,145,000.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Adobe during the second quarter worth approximately $8,437,821,000. State Street Corp grew its position in Adobe by 1.7% in the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company's stock valued at $7,277,941,000 after purchasing an additional 352,448 shares during the period. Geode Capital Management LLC increased its stake in Adobe by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company's stock valued at $4,027,170,000 after purchasing an additional 414,049 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Adobe by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company's stock worth $1,651,066,000 after buying an additional 563,772 shares during the last quarter. Finally, Norges Bank acquired a new position in Adobe during the fourth quarter worth $2,275,165,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on ADBE shares. Robert W. Baird reduced their price objective on shares of Adobe from $270.00 to $230.00 and set a "neutral" rating for the company in a report on Friday, June 12th. Weiss Ratings cut shares of Adobe from a "sell (d+)" rating to a "sell (d)" rating in a research report on Monday. Freedom Capital downgraded Adobe from a "strong-buy" rating to a "hold" rating in a research note on Friday, June 12th. Morgan Stanley lowered Adobe from an "equal weight" rating to an "underweight" rating and decreased their price objective for the stock from $365.00 to $240.00 in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. lowered their price objective on Adobe from $420.00 to $340.00 and set an "overweight" rating for the company in a research note 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $270.96.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s recent rally has been supported by improving short-term momentum and a broader rotation out of semiconductor stocks into lagging technology names. The company is also viewed by some analysts as undervalued after its earlier decline. Netflix, Salesforce, and Adobe Rally as Investors Rotate Out of Semiconductors and Into Beaten Down Stocks Is It Too Late to Buy Adobe Inc After Rally? GF Value Says Undervalued
• Positive Sentiment: Adobe’s freemium strategy for AI-powered tools— including holding off on some price increases to expand its user base—could accelerate adoption and support the company’s goal of double-digit annual recurring-revenue growth. Analysts also continue to favor Adobe over DocuSign, citing its stronger competitive position. Is Adobe Below Fair Value On Its Freemium AI Push?
• Neutral Sentiment: A dispute involving Rebel Creamery’s packaging design created with Adobe Illustrator has led to a court-ordered rebrand and Rebel’s Chapter 11 filing. The matter concerns an Adobe software user and does not appear to create a material financial impact for Adobe. How a DIY Adobe Illustrator Design Landed Rebel Creamery in a $23.8 Million Fight
• Negative Sentiment: Bank of America raised its price target but retained an “underperform” rating. Its new target remains materially below Adobe’s recent trading level, signaling concern that the rally may have outpaced the company’s near-term fundamentals. Bank of America Raises Adobe Price Target While Maintaining Underperform Rating

Adobe Stock Up 3.5%

ADBE stock opened at $272.47 on Thursday. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $370.86. The stock has a market cap of $108.31 billion, a P/E ratio of 15.59, a P/E/G ratio of 0.89 and a beta of 1.40. The stock's fifty day simple moving average is $230.10 and its two-hundred day simple moving average is $244.93. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping analysts' consensus estimates of $5.82 by $0.14. The company had revenue of $6.62 billion for the quarter, compared to analysts' expectations of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business 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. Analysts expect that Adobe Inc. will post 19.81 EPS for the current year.

Insider Activity

In other news, 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 transaction of $109,961.28. Following the completion of the sale, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. This trade represents a 9.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David A. Ricks purchased 10,000 shares of the firm's stock in a transaction dated Thursday, June 25th. The shares were bought at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the purchase, the director owned 17,655 shares in the company, valued at $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.20% of the company's stock.

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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