B. Metzler seel. Sohn & Co. AG Decreases Stock Position in Adobe Inc. $ADBE

Key Points

• B. Metzler seel. Sohn & Co. AG cut its Adobe stake by 14.9% in the second quarter, selling 7,821 shares and retaining 44,501 shares valued at approximately $9.1 million. Hedge funds and institutional investors collectively own 81.79% of Adobe.
• Adobe reported quarterly revenue of $6.62 billion and adjusted earnings of $5.96 per share, exceeding analyst expectations, while revenue increased 12.7% year over year. However, its reduced annual outlook and concerns about slowing Creative growth continue to weigh on sentiment.
• Adobe faces mixed signals: AI initiatives such as the Rilo acquisition and integration of its tools into Slack could support growth, but competition from Google, Canva and Figma remains a risk. Analysts maintain a consensus “Hold” rating with a $276.92 price target, and fiscal third-quarter results are due September 10.

B. Metzler seel. Sohn & Co. AG trimmed its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 14.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 44,501 shares of the software company's stock after selling 7,821 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Adobe were worth $9,123,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company's stock valued at $3,588,000 after acquiring an additional 167 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Adobe by 25.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company's stock valued at $926,000 after purchasing an additional 486 shares during the last quarter. United Bank raised its stake in Adobe by 12.8% in the 2nd quarter. United Bank now owns 3,773 shares of the software company's stock valued at $1,460,000 after purchasing an additional 428 shares during the last quarter. Schnieders Capital Management LLC. lifted its holdings in Adobe by 7.8% in the 2nd quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company's stock valued at $1,017,000 after purchasing an additional 190 shares in the last quarter. Finally, Gamco Investors INC. ET AL lifted its holdings in Adobe by 190.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company's stock valued at $1,069,000 after purchasing an additional 1,813 shares in the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Adobe

In other news, Director David A. Ricks acquired 10,000 shares of the business's stock in a transaction dated Thursday, June 25th. The shares were bought at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the acquisition, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value 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 represents a 9.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.20% of the company's stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe acquired India-based marketing-intelligence and AI-automation startup Rilo through a deal involving technology licensing and the addition of its team. The acquisition should strengthen Adobe’s “agentic” AI capabilities and represents its second Indian acquisition. Adobe acquires Indian market intelligence startup Rilo
• Positive Sentiment: Adobe is bringing Photoshop, Firefly, Acrobat, Express, Premiere, InDesign and more than 70 creative tools directly into Slack through an Adobe for Slack MCP app. Broader distribution through Slackbot could increase product usage, support AI adoption and create additional conversion opportunities. Adobe is making its tools available in Slack
• Positive Sentiment: Royal Bank of Canada raised its Adobe price target to $315 from $285 and maintained an “outperform” rating, citing potential upside from AI growth. Citi also raised its target to $301 ahead of Adobe’s fiscal third-quarter results, expecting a possible beat and raised outlook. Citi boosts Adobe price target before Q3 results
• Neutral Sentiment: Adobe’s $4 billion Saudi Arabia initiative will provide free access to AI tools for approximately 27 million people. The program could accelerate long-term adoption, but the headline figure represents the potential value of subscriptions rather than an immediate payment or revenue contribution. Saudi Arabia Adobe AI access initiative
• Negative Sentiment: Investors remain concerned that Google’s new AI image-creation and editing tool could pressure Adobe’s creative-software franchise. Canva, Figma and other AI-native competitors are also challenging Adobe’s moat, while analysts question how quickly Firefly and other AI products will convert free users into paying subscribers. Google AI competition could pressure Adobe
• Negative Sentiment: Although Adobe recently exceeded earnings and revenue expectations, its reduced annual revenue outlook has kept attention on slowing legacy Creative growth and the sustainability of subscription expansion. The next major catalyst is fiscal third-quarter earnings, scheduled for September 10. Adobe earnings outlook and analyst concerns

Adobe Price Performance

ADBE opened at $279.79 on Thursday. The company's 50 day simple moving average is $246.07 and its 200 day simple moving average is $245.51. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $370.86. The stock has a market capitalization of $111.22 billion, a PE ratio of 16.01, a P/E/G ratio of 1.00 and a beta of 1.42.

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 during 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%. Adobe's revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. As a group, sell-side analysts expect that Adobe Inc. will post 19.81 EPS for the current year.

Analyst Upgrades and Downgrades

ADBE has been the subject of a number of recent research reports. Wolfe Research downgraded shares of Adobe from an "outperform" rating to a "peer perform" rating in a report on Friday, June 12th. Barclays reduced their price objective on shares of Adobe from $275.00 to $250.00 and set an "equal weight" rating on the stock in a research note on Friday, June 12th. Bank of America raised their target price on shares of Adobe from $190.00 to $220.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 19th. The Goldman Sachs Group lowered their target price on shares of Adobe from $220.00 to $190.00 and set a "sell" rating for the company in a research note on Friday, June 12th. Finally, Oppenheimer reiterated a "market perform" rating on shares of Adobe in a report on Friday, June 12th. Seven 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $276.92.

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.

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