Adobe Inc. $ADBE Shares Sold by Royal London Asset Management Ltd.

Key Points

• Royal London Asset Management reduced its Adobe stake by 1.7%, selling 4,002 shares and retaining 225,812 shares valued at approximately $46.3 million. Institutional investors collectively own 81.79% of Adobe.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $270.96; several firms recently lowered their targets, including Morgan Stanley to $240 and Jefferies to $230.
• Adobe’s latest quarterly results exceeded expectations, with revenue rising 12.7% year over year to $6.62 billion and EPS reaching $5.96. The company also issued fiscal 2026 EPS guidance of $24.35–$24.45 while expanding AI features across its creative and document-product portfolio.

Royal London Asset Management Ltd. reduced its stake in Adobe Inc. (NASDAQ:ADBE - Free Report) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,812 shares of the software company's stock after selling 4,002 shares during the quarter. Royal London Asset Management Ltd. owned about 0.06% of Adobe worth $46,296,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Western Pacific Wealth Management LP acquired a new position in Adobe in the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Adobe during the third quarter valued at approximately $26,000. TrustBank acquired a new stake in Adobe during the fourth quarter worth approximately $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Adobe during the second quarter worth approximately $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Adobe in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ADBE shares. Sanford C. Bernstein cut their price target on Adobe from $447.00 to $379.00 and set an "outperform" rating for the company in a report on Friday, June 12th. Morgan Stanley downgraded Adobe from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $365.00 to $240.00 in a research report on Tuesday, July 21st. Oppenheimer reiterated a "market perform" rating on shares of Adobe in a research note on Friday, June 12th. Barclays reduced their target price on Adobe from $275.00 to $250.00 and set an "equal weight" rating on the stock in a research report on Friday, June 12th. Finally, Jefferies Financial Group decreased their price target on Adobe from $290.00 to $230.00 and set a "hold" rating on the stock in a research note on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $270.96.

Insider Buying and Selling at Adobe

In related news, Director David A. Ricks acquired 10,000 shares of Adobe stock in a transaction on Thursday, June 25th. The shares were bought at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the company's stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the sale, the chief accounting officer directly owned 3,824 shares of the company's stock, valued at $1,010,797.92. The trade was a 9.81% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s stock broke above technical resistance near $275 and $285 and reclaimed key moving averages. Analysts identified potential upside targets around $306.30 and $330.61, while a developing “golden cross” pattern is supporting bullish momentum ahead of the company’s upcoming earnings report. Adobe Stock Breakout Targets $306, Then $330 as ADBE Reverses
• Positive Sentiment: Strong results and guidance remain a fundamental support. Adobe’s latest quarter exceeded consensus estimates for both earnings and revenue, with revenue up 12.7% year over year; management’s fiscal 2026 EPS guidance is $24.35–$24.45.
• Positive Sentiment: Adobe is expanding AI capabilities across Photoshop, Firefly, Acrobat and Adobe Express. Photoshop’s optional prompt-based AI editing mode could improve product engagement and reinforce Adobe’s competitive position in creative software. Adobe Photoshop Adds a Whole New AI Editing Mode
• Positive Sentiment: An expanded, multiyear partnership with Stagwell will integrate Adobe’s data intelligence, creative transformation and AI tools into enterprise marketing initiatives, potentially supporting customer acquisition and retention. Stagwell Expands Strategic Partnership with Adobe
• Neutral Sentiment: Adobe benefited from a broader enterprise-software rally after Salesforce reported strong results, raised guidance and announced an Anthropic partnership. The move is a sector read-through rather than an Adobe-specific financial update. Salesforce Soars as Enterprise Software Rebounds
• Negative Sentiment: A comparison with Shopify suggests Adobe is lagging in AI-driven ecommerce, where Shopify is benefiting from faster gross merchandise volume growth, greater payments adoption and expanding agentic-commerce capabilities. This may raise concerns about Adobe’s relative growth opportunities outside its core creative and document franchises. SHOP vs. ADBE: Which Stock Has the Edge in AI-Driven Ecommerce?

Adobe Trading Up 0.8%

Shares of ADBE stock opened at $291.52 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 fifty-two week low of $190.12 and a fifty-two week high of $370.86. The firm's 50 day moving average price is $240.67 and its two-hundred day moving average price is $245.14. The stock has a market cap of $115.88 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.40.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the prior year, the business earned $5.06 earnings per share. The business's quarterly 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, analysts anticipate that Adobe Inc. will post 19.81 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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