6,732 Shares in Adobe Inc. $ADBE Purchased by Rakuten Securities Inc.

Rakuten Securities Inc. acquired a new stake in Adobe Inc. (NASDAQ:ADBE - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 6,732 shares of the software company's stock, valued at approximately $1,380,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Nicholas Company Inc. increased its stake in Adobe by 7.6% during the 4th quarter. Nicholas Company Inc. now owns 174,626 shares of the software company's stock worth $61,117,000 after acquiring an additional 12,400 shares during the period. Wealthfront Advisers LLC lifted its position in shares of Adobe by 13.2% during the 4th quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company's stock valued at $19,312,000 after acquiring an additional 6,426 shares during the period. Orange Investment Advisors Inc. grew its holdings in shares of Adobe by 21.6% during the 4th quarter. Orange Investment Advisors Inc. now owns 29,541 shares of the software company's stock worth $10,339,000 after purchasing an additional 5,254 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in shares of Adobe by 92.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 22,876 shares of the software company's stock worth $8,007,000 after purchasing an additional 11,003 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in shares of Adobe in the second quarter worth $2,289,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe News Summary

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on ADBE shares. The Goldman Sachs Group cut their price objective on shares of Adobe from $220.00 to $190.00 and set a "sell" rating for the company in a research report on Friday, June 12th. Robert W. Baird decreased their target price on shares of Adobe from $270.00 to $230.00 and set a "neutral" rating on the stock in a report on Friday, June 12th. Evercore set a $225.00 target price on shares of Adobe and gave the company an "in-line" rating in a research report on Friday, June 12th. Oppenheimer reaffirmed a "market perform" rating on shares of Adobe in a report on Friday, June 12th. Finally, TD Cowen reduced their price target on shares of Adobe from $310.00 to $285.00 and set a "hold" rating on the stock in a research report on Monday, June 8th. Seven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, Adobe currently has a consensus rating of "Hold" and a consensus price target of $270.96.

Adobe Price Performance

Shares of ADBE stock opened at $275.30 on Friday. 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 twelve month low of $190.12 and a twelve month high of $370.86. The company has a market cap of $109.43 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.92 and a beta of 1.40. The business has a fifty day simple moving average of $232.61 and a 200 day simple moving average of $244.99.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.82 by $0.14. The firm 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.06 earnings per share. 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 forecast that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director David A. Ricks acquired 10,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the 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 transaction, the chief accounting officer directly owned 3,824 shares of the company's stock, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.20% of the company's stock.

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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