Benjamin Edwards Inc. Acquires 6,482 Shares of Adobe Inc. $ADBE

Benjamin Edwards Inc. boosted its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 277.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,819 shares of the software company's stock after purchasing an additional 6,482 shares during the period. Benjamin Edwards Inc.'s holdings in Adobe were worth $1,808,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ADBE. BlackRock Inc. bought a new stake in Adobe in the 2nd quarter valued at about $8,437,821,000. State Street Corp raised its holdings in Adobe by 1.7% during 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 period. Geode Capital Management LLC raised its holdings in Adobe by 3.7% during 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 period. Arrowstreet Capital Limited Partnership lifted its position in shares of Adobe by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company's stock worth $1,651,066,000 after acquiring an additional 563,772 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Adobe in the fourth quarter worth $2,275,165,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ADBE. Wall Street Zen cut Adobe from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Morgan Stanley cut Adobe from an "equal weight" rating to an "underweight" rating and dropped their price objective for the stock from $365.00 to $240.00 in a report on Tuesday, July 21st. Weiss Ratings downgraded Adobe from a "sell (d+)" rating to a "sell (d)" rating in a research note on Monday, August 17th. HSBC raised Adobe from a "hold" rating to a "buy" rating and lifted their target price for the company from $282.00 to $308.00 in a report on Thursday, July 2nd. Finally, Robert W. Baird lowered their price target on shares of Adobe from $270.00 to $230.00 and set a "neutral" rating on the stock in a report 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 company presently has an average rating of "Hold" and a consensus price target of $272.80.

Insider Transactions at Adobe

In related news, CAO Jillian Forusz sold 416 shares of the stock in a transaction dated 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David A. Ricks purchased 10,000 shares of Adobe stock in a transaction that occurred 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 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. 0.20% of the stock is currently owned by company insiders.

Adobe Trading Up 0.4%

Shares of ADBE opened at $292.79 on Tuesday. The firm's 50 day simple moving average is $242.63 and its 200 day simple moving average is $245.19. The company has a market capitalization of $116.38 billion, a P/E ratio of 16.75, a P/E/G ratio of 0.98 and a beta of 1.40. 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 Inc. has a 1-year low of $190.12 and a 1-year high of $370.86.

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

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s AI-driven customer-experience business is gaining momentum, with accelerating AI-first annual recurring revenue, broader adoption of AI agents and deeper ecosystem partnerships. The trend supports Adobe’s ability to compete with Salesforce and Microsoft in enterprise software. Adobe's AI-Driven CXO Growth Strengthens Against CRM & Microsoft
• Positive Sentiment: Improving sentiment toward software stocks is also supportive. Recent earnings from major software companies have suggested that AI is expanding demand rather than rapidly eroding traditional software businesses, easing “SaaSpocalypse” concerns that had pressured the sector. The SaaSpocalypse Trade Is Cracking
• Neutral Sentiment: Adobe expanded its partnership with Saudi Arabia’s Ministry of Communications and Information Technology and HUMAIN. The agreement provides more than 27 million eligible citizens and residents with 12 months of free access to Firefly and Adobe Express, representing over $4 billion in stated access value. The initiative could increase long-term adoption and support Saudi Arabia’s creative economy, although free access may delay near-term monetization. Adobe to Offer Free Access to AI Tools in Saudi Arabia
• Neutral Sentiment: Adobe will release fiscal third-quarter 2026 results after the market closes on September 10, followed by an investor conference call. The report is a major near-term catalyst, with options markets implying substantial potential volatility around earnings. Adobe to Announce Q3 FY2026 Earnings Results
• Negative Sentiment: Analysts remain cautious because Adobe has significantly lagged the S&P 500 over the past year, and the upcoming earnings report must demonstrate that AI-related growth can translate into sustained revenue and subscription expansion. Is Adobe Stock Underperforming the S&P 500?

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.

Want to see what other hedge funds are holding ADBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adobe Inc. (NASDAQ:ADBE - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source