Deutsche Bank AG Acquires Shares of 3,659,169 Adobe Inc. $ADBE

Deutsche Bank AG bought a new position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,659,169 shares of the software company's stock, valued at approximately $750,203,000. Deutsche Bank AG owned approximately 0.92% of Adobe at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ADBE. Western Pacific Wealth Management LP purchased a new position in shares of Adobe in the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Adobe during the third quarter worth approximately $26,000. TrustBank purchased a new stake in Adobe during the fourth quarter worth approximately $28,000. Lloyd Advisory Services LLC. acquired a new position in Adobe in the fourth quarter valued at approximately $31,000. Finally, Sankala Group LLC acquired a new position in Adobe in the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 81.79% of the company's stock.

Adobe Price Performance

Shares of ADBE opened at $254.04 on Tuesday. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $370.86. The company has a market capitalization of $100.98 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40. The firm has a 50-day simple moving average of $228.82 and a 200-day simple moving average of $245.32. 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 (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business's revenue was up 12.7% on a year-over-year basis. During the same quarter last 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. On average, equities research analysts anticipate that Adobe Inc. will post 19.81 earnings per share for the current year.

Adobe declared that its board has authorized a share buyback program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling at Adobe

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

Analyst Upgrades and Downgrades

ADBE has been the subject of several recent analyst reports. BMO Capital Markets reduced their price objective on shares of Adobe from $285.00 to $230.00 and set a "market perform" rating for the company in a research report on Friday, June 12th. Sanford C. Bernstein cut their price target on shares of Adobe from $447.00 to $379.00 and set an "outperform" rating on the stock in a research note on Friday, June 12th. HSBC raised shares of Adobe from a "hold" rating to a "buy" rating and boosted their price target for the company from $282.00 to $308.00 in a research report on Thursday, July 2nd. Wolfe Research downgraded shares of Adobe from an "outperform" rating to a "peer perform" rating in a research note on Friday, June 12th. Finally, Evercore set a $225.00 price objective on Adobe and gave the stock an "in-line" rating in a 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 issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $269.81.

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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