AlphaGrep UK Ltd Purchases Shares of 6,338 Adobe Inc. $ADBE

Key Points

• AlphaGrep UK Ltd acquired 6,338 Adobe shares worth approximately $1.3 million in the second quarter, making Adobe its 12th-largest holding. Institutional investors collectively own 81.79% of Adobe’s outstanding stock.
• Adobe exceeded quarterly expectations with adjusted EPS of $5.96 and revenue of $6.62 billion, while revenue increased 12.7% year over year. The stock opened at $266.51, with a market capitalization of roughly $105.9 billion.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $278.72; recent targets ranged from $190 to $300. Investors are focused on whether Adobe’s AI initiatives can accelerate recurring-revenue growth amid rising competition and leadership-transition concerns.

AlphaGrep UK Ltd acquired a new position in Adobe Inc. (NASDAQ:ADBE - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,338 shares of the software company's stock, valued at approximately $1,299,000. Adobe makes up approximately 0.4% of AlphaGrep UK Ltd's investment portfolio, making the stock its 12th largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADBE. Western Pacific Wealth Management LP purchased a new position in shares of Adobe during the fourth quarter worth approximately $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe in the 3rd quarter valued at $26,000. TrustBank acquired a new position in Adobe in the 4th quarter worth about $28,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of Adobe during the second quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Adobe during the fourth quarter worth approximately $31,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Performance

Shares of ADBE opened at $266.51 on Friday. Adobe Inc. has a one year low of $190.12 and a one year high of $370.86. The company's fifty day moving average price is $249.19 and its 200 day moving average price is $245.81. The company has a market capitalization of $105.94 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75.

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

Insider Activity

In related news, Director David A. Ricks acquired 10,000 shares of the company's stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the purchase, the director directly 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. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jillian Forusz sold 416 shares of the business's stock in a transaction that occurred 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 completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Citizens Jmp reiterated a "market perform" rating on shares of Adobe in a report on Friday, June 12th. DA Davidson cut their price objective on shares of Adobe from $300.00 to $250.00 and set a "buy" rating for the company in a research report on Friday, June 12th. The Goldman Sachs Group decreased their target price on Adobe from $220.00 to $190.00 and set a "sell" rating on the stock in a research report on Friday, June 12th. Morgan Stanley lowered Adobe from an "equal weight" rating to an "underweight" rating and reduced their price target for the stock from $365.00 to $240.00 in a research note on Tuesday, July 21st. Finally, Evercore set a $225.00 target price on shares of Adobe and gave the company an "in-line" rating in a research note on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $278.72.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe raised Anil Chakravarthy, president of its Customer Experience Orchestration business and worldwide field operations, to president and CEO effective December 1. Chakravarthy has overseen several AI products, while longtime CEO Shantanu Narayen will become executive chair, potentially supporting continuity as Adobe accelerates its AI strategy. Adobe Announces CEO Transition
• Positive Sentiment: RBC raised its price target to $315 from $285 and maintained an Outperform rating ahead of Adobe’s fiscal third-quarter results, citing the potential for annual recurring revenue to exceed expectations. Adobe reports on September 10, making recurring-revenue growth a key near-term catalyst. RBC Raises Adobe Price Target
• Positive Sentiment: Adobe expanded its AI and marketing ecosystem by acquiring Indian startup Rilo and integrating more than 70 creative tools—including Photoshop, Firefly and Acrobat—into Slack. These initiatives could improve workflow integration and strengthen enterprise adoption. Adobe Launches Slack App
• Neutral Sentiment: Analysts remain divided ahead of earnings: some see valuation upside if ARR reaccelerates, while others maintain Hold ratings because Adobe must demonstrate that its AI investments can revive growth and support a higher multiple.
• Negative Sentiment: The CEO announcement surprised investors because it came shortly before earnings and selected Chakravarthy rather than another business leader some investors reportedly expected. Reports also pointed to a separate executive departure, raising concerns about further leadership turnover. Why Adobe Stock Is Dropping
• Negative Sentiment: Adobe continues to face fears that AI-native rivals and new tools from major technology companies could pressure its creative-software franchise, user growth and pricing power. Stronger employment data also increased expectations for a hawkish Federal Reserve, weighing on software and other growth stocks broadly. U.S. Stocks End Lower

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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