Ancora Advisors LLC Cuts Position in Adobe Inc. $ADBE

Key Points

• Ancora Advisors cut its Adobe position by 79.8% in the second quarter, selling 15,587 shares and retaining 3,954 shares valued at approximately $811,000.
• Institutional investors own 81.79% of Adobe, with some major firms increasing holdings and BlackRock reporting a new stake valued at about $8.44 billion.
• Analysts maintain a generally cautious outlook, with Adobe carrying a consensus “Hold” rating and an average price target of $278.72, despite the company beating quarterly earnings and revenue estimates.

Ancora Advisors LLC lessened its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 79.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,954 shares of the software company's stock after selling 15,587 shares during the quarter. Ancora Advisors LLC's holdings in Adobe were worth $811,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Nicholas Company Inc. grew its holdings in shares of Adobe by 7.6% during the fourth quarter. Nicholas Company Inc. now owns 174,626 shares of the software company's stock worth $61,117,000 after purchasing an additional 12,400 shares in the last quarter. Orange Investment Advisors Inc. raised its position 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 valued at $10,339,000 after buying an additional 5,254 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Adobe during the second quarter valued at about $2,289,000. BlackRock Inc. bought a new stake in Adobe during the second quarter worth about $8,437,821,000. Finally, Barr E S & Co. boosted its holdings in shares of Adobe by 10.7% in the 4th quarter. Barr E S & Co. now owns 61,067 shares of the software company's stock worth $21,373,000 after purchasing an additional 5,891 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company's stock.

Analyst Ratings Changes

ADBE has been the topic of a number of research reports. Barclays raised their price objective on Adobe from $250.00 to $295.00 and gave the company an "equal weight" rating in a report on Thursday. Phillip Securities cut shares of Adobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. DA Davidson decreased their price target on shares of Adobe from $300.00 to $250.00 and set a "buy" rating on the stock in a research note on Friday, June 12th. Evercore set a $225.00 price objective on shares of Adobe and gave the stock an "in-line" rating in a report on Friday, June 12th. Finally, HSBC raised shares of Adobe from a "hold" rating to a "buy" rating and upped their price objective for the company from $282.00 to $308.00 in a research note on Thursday, July 2nd. Seven 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, the company presently has a consensus rating of "Hold" and an average target price of $278.72.

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 416 shares of the firm's 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 completion of the transaction, the chief accounting officer directly owned 3,824 shares in the company, valued at $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Ricks purchased 10,000 shares of the stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director owned 17,655 shares in the company, valued at $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.20% of the company's stock.

Adobe Stock Up 2.1%

Shares of NASDAQ ADBE opened at $285.75 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. The firm's fifty day moving average is $247.91 and its 200 day moving average is $245.67. The company has a market cap of $113.59 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 0.97 and a beta of 1.42. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $370.86.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its quarterly 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 company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.Adobe's revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, equities research analysts expect that Adobe Inc. will post 19.81 earnings per share for the current year.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analysts see upside ahead of earnings. RBC raised its price target to $315 from $285 and maintained an “Outperform” rating, citing expectations that Adobe’s annual recurring revenue could exceed estimates. Adobe is scheduled to report fiscal third-quarter results on September 10. RBC raises Adobe price target
• Positive Sentiment: Adobe is expanding its AI and workflow ecosystem. The company acquired Indian marketing-intelligence startup Rilo through a deal involving technology licensing and the addition of its team, strengthening Adobe’s marketing-automation and “agentic AI” capabilities. Adobe also introduced an integration with Slack that brings more than 70 Photoshop, Firefly, Acrobat, Illustrator, Premiere and other tools into workplace chats. Adobe acquires Rilo
• Neutral Sentiment: New CEO named for December. Adobe appointed Anil Chakravarthy, who leads its Customer Experience Orchestration business and has overseen several AI products, as president and CEO effective December 1. Current CEO Shantanu Narayen will become executive chair and assist with the transition. Adobe announces CEO transition
• Negative Sentiment: Investors were disappointed by the CEO selection. Chakravarthy is an insider, but analysts said investors had been anticipating another longtime business leader for the role. The departure of that executive may signal additional leadership turnover, increasing concerns about strategic continuity during Adobe’s AI transformation. Why Adobe stock is under pressure
• Negative Sentiment: Competitive and valuation risks remain. Commentators warned that Google’s new AI-powered image-generation and editing tools could intensify competition with Adobe. Analysts remain divided, with some raising targets while others cite AI disruption risks and retain cautious ratings.

Adobe Company 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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