Commerce Bank Purchases Shares of 76,618 Adobe Inc. $ADBE

Key Points

• Commerce Bank initiated a new Adobe position by purchasing 76,618 shares worth approximately $15.7 million in the second quarter. Institutional investors collectively own 81.79% of Adobe’s stock.
• Adobe’s latest quarter exceeded expectations, with earnings of $5.96 per share and revenue of $6.62 billion, up 12.7% year over year. The company provided fiscal 2026 EPS guidance of $24.35–$24.45.
• Analyst sentiment remains mixed, with Adobe carrying a consensus “Hold” rating and a $270.96 target price. AI expansion, including new Firefly audio tools, supports the growth outlook, while competition and the stock’s roughly 45% rebound from its 2026 low remain risks.

Commerce Bank purchased a new stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 76,618 shares of the software company's stock, valued at approximately $15,708,000.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. bought a new position in Adobe during the 2nd quarter worth $8,437,821,000. State Street Corp grew its position in shares of 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 buying an additional 352,448 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Adobe by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company's stock valued at $4,027,170,000 after buying an additional 414,049 shares during the period. Arrowstreet Capital Limited Partnership raised 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 during the last quarter. Finally, Norges Bank acquired a new position in shares of Adobe in the fourth quarter worth approximately $2,275,165,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 416 shares of the stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the transaction, the chief accounting officer directly owned 3,824 shares of the company's stock, valued at $1,010,797.92. This 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 can be accessed through the SEC website. Also, Director David A. Ricks purchased 10,000 shares of Adobe stock in a transaction on Thursday, June 25th. The stock was bought at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the acquisition, the director directly owned 17,655 shares of the company's stock, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.20% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on ADBE. UBS Group cut Adobe from a "buy" rating to an "equal weight" rating in a report on Tuesday, July 21st. Bank of America raised their price target on shares of Adobe from $190.00 to $220.00 and gave the stock an "underperform" rating in a report on Wednesday. Phillip Securities lowered shares of Adobe from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 29th. Evercore set a $225.00 price objective on shares of Adobe and gave the company an "in-line" rating in a research note on Friday, June 12th. Finally, Citizens Jmp reiterated a "market perform" rating on shares of Adobe in a research report on Friday, June 12th. Seven equities research 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $270.96.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bank of America raised its Adobe price target, citing the company’s potential to monetize AI and its positioning within a broader software-sector rally. The forecast increase has reinforced bullish sentiment toward ADBE. Bank of America price-target increase
• Positive Sentiment: Adobe expanded Firefly’s capabilities by making AI-generated music, voiceovers, and sound effects broadly available. The move strengthens Adobe’s creative-AI product portfolio and could support new user adoption, engagement, and revenue opportunities. Adobe Firefly audio tools
• Positive Sentiment: An Adobe survey reported that 87% of creators say AI is helping them grow their businesses. The findings support demand for Adobe’s AI tools, although survey data is not a direct measure of financial performance. Adobe creator AI report
• Neutral Sentiment: Several analysts and market commentators describe Adobe’s valuation as attractive after its recovery, with some viewing the rebound as the beginning of a stronger turnaround. However, the stock’s outlook remains dependent on converting AI interest into sustained growth and cash flow. Adobe recovery analysis
• Negative Sentiment: Adobe has risen roughly 45% from its 2026 low, prompting caution that much of the near-term recovery may already be priced in. One analysis recommends taking some profits despite still-reasonable valuation metrics. Adobe rally and valuation analysis
• Negative Sentiment: Commentary warning that profitability alone cannot protect companies from intensifying competition highlights a longer-term risk for Adobe, particularly as generative-AI rivals pressure pricing and product differentiation. Profitability and competition analysis

Adobe Stock Up 1.1%

Shares of Adobe stock opened at $275.30 on Friday. The stock's 50-day moving average is $232.61 and its 200 day moving average is $244.99. Adobe Inc. has a one year low of $190.12 and a one year high of $370.86. The firm has a market cap of $109.43 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.93 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 (NASDAQ:ADBE - Get Free Report) last issued its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share 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 the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $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. Equities research analysts anticipate that Adobe Inc. will post 19.8 EPS for the current year.

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.

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.

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