Adobe Inc. $ADBE Shares Bought by Andra AP fonden

Key Points

• Andra AP fonden increased its Adobe stake by 12% in the second quarter to 70,749 shares valued at approximately $14.5 million. Institutional investors and hedge funds collectively own 81.79% of Adobe.
• Adobe reported quarterly revenue of $6.76 billion and EPS of $6.13, exceeding analyst estimates, while revenue rose 12.9% year over year. Despite the solid results, shares were trading down 4.5% and remain well below their 52-week high.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and average price target of $282.68. Investor concerns include Adobe’s underperformance versus software peers and CEO Shantanu Narayen’s sale of roughly $31.3 million in stock.

Andra AP fonden lifted its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,749 shares of the software company's stock after buying an additional 7,560 shares during the period. Andra AP fonden's holdings in Adobe were worth $14,505,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in Adobe during the 2nd quarter valued at about $8,437,821,000. Johnson Financial Group Inc. acquired a new stake in shares of Adobe in the 2nd quarter worth approximately $2,289,000. Biondo Investment Advisors LLC acquired a new stake in shares of Adobe in the 2nd quarter worth approximately $2,647,000. Summit Global Investments bought a new position in shares of Adobe in the second quarter valued at approximately $1,401,000. Finally, Silver Heights Capital Management Inc bought a new position in shares of Adobe in the fourth quarter valued at approximately $34,242,000. Institutional investors and hedge funds own 81.79% of the company's stock.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched its free, full-featured Premiere video-editing app on Android, expanding the reach of its creative tools to a large mobile user base. The app could support future user conversion and strengthen Adobe’s competitive position in mobile video creation. Adobe Premiere Mobile Is Now Available On Android
• Positive Sentiment: Adobe and Jet2 announced a multiyear partnership to use Adobe’s customer-experience and agentic-AI technology to personalize travel interactions for millions of holidaymakers. The deal offers evidence of enterprise demand for Adobe’s AI-driven marketing platform, although financial details were not disclosed. Adobe and Jet2 Partner to Deliver Agentic AI-Powered Personalised Experiences
• Positive Sentiment: Some analysts view Adobe as undervalued following its decline, citing new Acrobat AI capabilities—including interactive visuals and audio summaries—and the potential for AI to expand revenue across its platform. Adobe Could Be 22% Undervalued As Acrobat AI Push Expands Its Platform
• Neutral Sentiment: Technical commentary suggests Adobe may be approaching a bullish “golden cross,” while broader market conditions, including higher interest rates, remain important factors for the stock’s direction. Tesla, Microsoft and Adobe Forecast
• Negative Sentiment: Adobe’s chief executive, Shantanu Narayen, sold approximately $31.3 million of stock, representing about 34% of his pre-sale holdings. The sizable insider disposition may weigh on investor confidence, even though it does not necessarily indicate a change in the company’s fundamentals. Adobe CEO Shantanu Narayen Sells $31.3 Million Stock
• Negative Sentiment: Coverage emphasizes that ADBE has substantially underperformed software peers this year. Investors remain concerned that Adobe’s large user base and new AI features may not translate into faster growth or meaningful monetization soon. Adobe Is Down 32% This Year

Analysts Set New Price Targets

Several brokerages recently commented on ADBE. UBS Group boosted their target price on Adobe from $225.00 to $255.00 and gave the stock a "neutral" rating in a report on Friday, September 11th. Piper Sandler increased their price target on Adobe from $240.00 to $250.00 and gave the company a "neutral" rating in a research note on Friday, September 11th. Citizens Jmp reiterated a "market perform" rating on shares of Adobe in a research report on Friday, September 11th. BTIG Research reiterated a "neutral" rating on shares of Adobe in a research report on Friday, September 11th. Finally, Freedom Capital downgraded shares of Adobe from a "strong-buy" rating to a "hold" rating 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 given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $282.68.

Insider Buying and Selling

In related news, CEO Shantanu Narayen sold 74,500 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of $251.56, for a total transaction of $18,741,220.00. Following the completion of the sale, the chief executive officer owned 289,224 shares in the company, valued at $72,757,189.44. This represents a 20.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David Ricks purchased 10,000 shares of the company's stock in a transaction 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 completion of the transaction, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders sold 125,416 shares of company stock valued at $31,454,466. Insiders own 0.20% of the company's stock.

Adobe Trading Down 4.5%

Shares of NASDAQ ADBE opened at $238.25 on Wednesday. The business has a 50 day simple moving average of $257.64 and a 200 day simple moving average of $245.09. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $368.73. The stock has a market cap of $94.70 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 0.87 and a beta of 1.42. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.75 and a current ratio of 0.77.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share for the quarter, beating analysts' consensus estimates of $6.08 by $0.05. The business had revenue of $6.76 billion for the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a net margin of 28.05% and a return on equity of 65.65%. Adobe's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $5.31 EPS. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. On average, research analysts predict that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Adobe Profile

Adobe Inc NASDAQ: ADBE develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe's Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.

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