Jupiter Topco LLC Takes Position in Adobe Inc. $ADBE

Jupiter Topco LLC bought a new stake in Adobe Inc. (NASDAQ:ADBE - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 51,364 shares of the software company's stock, valued at approximately $10,527,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Adobe during the 2nd quarter worth about $8,437,821,000. Norges Bank purchased a new position in shares of Adobe in the 4th quarter valued at about $2,275,165,000. Primecap Management Co. CA acquired a new position in Adobe in the 2nd quarter worth about $1,071,668,000. Bank of New York Mellon Corp acquired a new position in Adobe in the 2nd quarter worth about $954,468,000. Finally, Deutsche Bank AG purchased a new position in Adobe during the second quarter worth approximately $750,203,000. Institutional investors and hedge funds own 81.79% of the company's stock.

Adobe Price Performance

Shares of Adobe stock opened at $291.52 on Friday. The business has a 50 day simple moving average of $240.67 and a two-hundred day simple moving average of $245.14. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $370.86. The stock has a market capitalization of $115.88 billion, a P/E ratio of 16.68, a PEG 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 (NASDAQ:ADBE - Get Free Report) last issued 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. Adobe had a return on equity of 65.11% and a net margin of 28.69%.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 company posted $5.06 earnings per share. The business'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. As a group, analysts predict that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s stock broke above technical resistance near $275 and $285 and reclaimed key moving averages. Analysts identified potential upside targets around $306.30 and $330.61, while a developing “golden cross” pattern is supporting bullish momentum ahead of the company’s upcoming earnings report. Adobe Stock Breakout Targets $306, Then $330 as ADBE Reverses
• Positive Sentiment: Strong results and guidance remain a fundamental support. Adobe’s latest quarter exceeded consensus estimates for both earnings and revenue, with revenue up 12.7% year over year; management’s fiscal 2026 EPS guidance is $24.35–$24.45.
• Positive Sentiment: Adobe is expanding AI capabilities across Photoshop, Firefly, Acrobat and Adobe Express. Photoshop’s optional prompt-based AI editing mode could improve product engagement and reinforce Adobe’s competitive position in creative software. Adobe Photoshop Adds a Whole New AI Editing Mode
• Positive Sentiment: An expanded, multiyear partnership with Stagwell will integrate Adobe’s data intelligence, creative transformation and AI tools into enterprise marketing initiatives, potentially supporting customer acquisition and retention. Stagwell Expands Strategic Partnership with Adobe
• Neutral Sentiment: Adobe benefited from a broader enterprise-software rally after Salesforce reported strong results, raised guidance and announced an Anthropic partnership. The move is a sector read-through rather than an Adobe-specific financial update. Salesforce Soars as Enterprise Software Rebounds
• Negative Sentiment: A comparison with Shopify suggests Adobe is lagging in AI-driven ecommerce, where Shopify is benefiting from faster gross merchandise volume growth, greater payments adoption and expanding agentic-commerce capabilities. This may raise concerns about Adobe’s relative growth opportunities outside its core creative and document franchises. SHOP vs. ADBE: Which Stock Has the Edge in AI-Driven Ecommerce?

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Citigroup restated a "market perform" rating on shares of Adobe in a research report on Friday, June 12th. Dbs Bank lowered Adobe from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, May 19th. Mizuho dropped their price target on shares of Adobe from $270.00 to $245.00 and set a "neutral" rating on the stock in a research note on Friday, June 12th. Evercore set a $225.00 price target on shares of Adobe and gave the stock an "in-line" rating in a report on Friday, June 12th. Finally, Jefferies Financial Group reduced their price objective on shares of Adobe from $290.00 to $230.00 and set a "hold" rating for the company in a research report on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $270.96.

Insiders Place Their Bets

In other Adobe news, Director David A. Ricks purchased 10,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average cost 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 of the company's stock, valued at $3,434,074.05. The trade was a 130.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the company'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 of the company's stock, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is owned by corporate insiders.

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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