3,954 Shares in Adobe Inc. $ADBE Purchased by Ancora Advisors LLC

Key Points

• Ancora Advisors LLC initiated a position in Adobe during the second quarter, purchasing 3,954 shares valued at approximately $811,000. Institutional investors and hedge funds collectively own 81.79% of Adobe’s outstanding stock.
• Analyst sentiment remains cautious, with Adobe holding an average “Hold” rating and a consensus price target of $270.96. Several firms recently lowered their price targets, including Goldman Sachs, Bernstein, TD Cowen and Barclays.
• Adobe’s latest quarterly results exceeded expectations, with adjusted EPS of $5.96 and revenue of $6.62 billion, up 12.7% year over year. The company’s AI-focused recurring revenue reportedly surpassed $500 million, while recent AI product expansions have supported investor sentiment.

Ancora Advisors LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,954 shares of the software company's stock, valued at approximately $811,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ADBE. Western Pacific Wealth Management LP acquired a new stake in Adobe in the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new position in Adobe during the third quarter worth about $26,000. TrustBank bought a new position in shares of Adobe in the fourth quarter worth about $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Adobe in the 2nd quarter valued at approximately $28,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Adobe in the 4th quarter valued at approximately $31,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADBE has been the subject of a number of research analyst reports. Citizens Jmp reiterated a "market perform" rating on shares of Adobe in a research report on Friday, June 12th. Sanford C. Bernstein cut their target price on shares of Adobe from $447.00 to $379.00 and set an "outperform" rating on the stock in a research report on Friday, June 12th. The Goldman Sachs Group decreased their target price on shares of Adobe from $220.00 to $190.00 and set a "sell" rating on the stock in a research note on Friday, June 12th. TD Cowen lowered their price target on shares of Adobe from $310.00 to $285.00 and set a "hold" rating for the company in a report on Monday, June 8th. Finally, Barclays dropped their price target on Adobe from $275.00 to $250.00 and set an "equal weight" 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 company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $270.96.

Adobe Stock Up 5.7%

NASDAQ:ADBE opened at $289.15 on Friday. Adobe Inc. has a one year low of $190.12 and a one year high of $370.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $114.94 billion, a PE ratio of 16.54, a P/E/G ratio of 0.92 and a beta of 1.40. The firm's 50 day simple moving average is $238.75 and its 200 day simple moving average is $244.82.

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 (EPS) for the quarter, topping analysts' consensus estimates of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period last year, the company earned $5.06 earnings per share. The firm's revenue was up 12.7% compared to the same quarter last year. 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, research analysts anticipate that Adobe Inc. will post 19.81 earnings per share for the current year.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe benefited from a broader enterprise-software rally after Salesforce reported better-than-expected results, raised its outlook and announced an Anthropic partnership. The read-through eased concerns about AI disruption and improved sentiment toward Adobe’s AI strategy. Why Is Adobe Stock Surging on Thursday?
• Positive Sentiment: Adobe’s AI-first annual recurring revenue reportedly more than tripled to above $500 million, supported by Firefly, Acrobat AI and enterprise tools. The growth suggests AI is adding subscription and usage revenue rather than only threatening Adobe’s core products. AI Monetization Boosts ADBE's Growth Prospects Against MSFT & CRM
• Positive Sentiment: Adobe expanded its partnership with Stagwell to combine data intelligence, creative transformation and AI capabilities in enterprise marketing. The arrangement could help Adobe win and retain larger business customers. Stagwell Expands Strategic Partnership with Adobe
• Positive Sentiment: Photoshop is adding an optional AI Assisted Editor that enables prompt-based image editing, reinforcing Adobe’s effort to make generative AI practical within its flagship applications. Adobe Photoshop adds AI Assisted Editor
• Neutral Sentiment: Adobe’s incubator is showcasing projects focused on full-service AI, while new education initiatives will provide free Photoshop, Firefly and Express access to millions of students and teachers. These efforts may expand future adoption, but the near-term revenue impact is unclear. Adobe Incubator Projects
• Negative Sentiment: Earlier concerns that cautious Intuit guidance could signal broader AI disruption had pressured Adobe and other software stocks. However, Salesforce’s results appear to have reduced those immediate sector concerns. Intuit AI Disruption Concerns

Insider Buying and Selling

In other news, 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 purchase, the director owned 17,655 shares in the company, valued at $3,434,074.05. This trade represents a 130.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the 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 sale, the chief accounting officer owned 3,824 shares of the company's stock, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by insiders.

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.

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