B. Metzler seel. Sohn & Co. AG purchased a new position in Adobe Inc. (NASDAQ:ADBE - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 44,501 shares of the software company's stock, valued at approximately $9,123,000.
Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Adobe during the second quarter worth about $8,437,821,000. State Street Corp raised its holdings in Adobe by 1.7% in the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company's stock valued at $7,277,941,000 after acquiring an additional 352,448 shares during the last quarter. Geode Capital Management LLC raised its holdings in Adobe by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company's stock valued at $4,027,170,000 after acquiring an additional 414,049 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Adobe by 9.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company's stock worth $1,651,066,000 after purchasing an additional 563,772 shares in the last quarter. Finally, Norges Bank purchased a new position in Adobe in the 4th quarter worth approximately $2,275,165,000. Hedge funds and other institutional investors own 81.79% of the company's stock.
Trending Headlines about Adobe
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Expanded Firefly AI capabilities: Adobe made Firefly’s AI-generated music, voiceovers, speech and sound-effects tools generally available. The production-oriented features could strengthen Adobe’s position in creative software, increase user engagement and create additional monetization opportunities. Adobe Firefly adds AI music, voiceovers and sound effects
- Positive Sentiment: Improving AI investor sentiment: Bank of America raised its price target for Adobe, citing the company’s potential to monetize artificial intelligence. This reflects growing optimism that Adobe’s broad creative and document ecosystem can benefit from AI demand. ServiceNow, Adobe, Workday stocks get BofA PT boost
- Positive Sentiment: Recovery thesis remains intact: Recent commentary highlights Adobe’s relatively low valuation, strong free-cash-flow generation and potential for a sustained recovery as its AI strategy develops. Another analysis describes the shares as undervalued despite the recent rally. Adobe: Strong Recovery Is Just Beginning
- Neutral Sentiment: AI strategy is still being evaluated: Adobe is broadening access to AI tools through a freemium approach and has paused price increases to expand its user base. The strategy may support double-digit recurring-revenue growth, but investors need proof that wider adoption will translate into durable paid revenue. Is Adobe Below Fair Value On Its Freemium AI Push?
- Negative Sentiment: Conflicting Bank of America signal: Although BofA increased its target from $190 to $220, it retained an “underperform” rating. The target remains below the prevailing share price, signaling concern that Adobe’s AI progress may not yet justify the stock’s recovery. Benzinga analyst update
Adobe Stock Performance
Shares of Adobe stock opened at $272.22 on Friday. The firm has a market cap of $108.21 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. 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 52 week low of $190.12 and a 52 week high of $370.86. The business's fifty day simple moving average is $231.18 and its 200-day simple moving average is $244.78.
Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same period in the previous year, the firm earned $5.06 EPS. Adobe's revenue was up 12.7% on a year-over-year basis. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Equities analysts forecast that Adobe Inc. will post 19.81 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group dropped their price target on Adobe from $290.00 to $230.00 and set a "hold" rating for the company in a research report on Friday, June 12th. Sanford C. Bernstein reduced their price objective on Adobe from $447.00 to $379.00 and set an "outperform" rating on the stock in a research report on Friday, June 12th. Wolfe Research lowered Adobe from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 12th. Piper Sandler dropped their target price on Adobe from $280.00 to $240.00 and set a "neutral" rating for the company in a report on Friday, June 12th. Finally, KeyCorp cut their target price on Adobe from $235.00 to $195.00 and set an "underweight" rating for the company 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 issued a Sell rating to the stock. According to MarketBeat.com, Adobe has an average rating of "Hold" and a consensus price target of $270.96.
Check Out Our Latest Analysis on ADBE
Insider Buying and Selling at Adobe
In other Adobe news, CAO Jillian Forusz sold 416 shares of the business's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Ricks purchased 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the transaction, the director directly owned 17,655 shares of the company's stock, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.20% of the stock is currently owned by insiders.
About Adobe
(
Free Report)
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.
Further Reading
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