Hardy Reed LLC acquired a new position in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) in the second quarter, HoldingsChannel reports. The fund acquired 3,815 shares of the software company’s stock, valued at approximately $782,000.
Other large investors have also made changes to their positions in the company. Western Pacific Wealth Management LP purchased a new position in shares of Adobe in the 4th quarter worth about $26,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Adobe during the 3rd quarter worth about $26,000. TrustBank purchased a new stake in shares of Adobe during the 4th quarter worth about $28,000. Lloyd Advisory Services LLC. acquired a new stake in Adobe during the 4th quarter worth approximately $31,000. Finally, Sankala Group LLC purchased a new position in Adobe in the fourth quarter valued at approximately $31,000. 81.79% of the stock is owned by hedge funds and other institutional investors.
Adobe Stock Down 2.4%
NASDAQ ADBE opened at $264.02 on Friday. 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 fifty-two week low of $190.12 and a fifty-two week high of $370.86. The business has a 50 day moving average price of $228.64 and a two-hundred day moving average price of $246.04. The stock has a market cap of $104.95 billion, a PE ratio of 15.10, a P/E/G ratio of 0.91 and a beta of 1.40.
Adobe announced that its board has initiated a stock repurchase program on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to repurchase up to 24.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.
Insider Buying and Selling at Adobe
In other Adobe news, Director David A. Ricks bought 10,000 shares of the stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the purchase, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer directly owned 3,824 shares in the company, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.20% of the company’s stock.
Key Headlines Impacting Adobe
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe’s AI business is showing stronger traction: the company has reported a series of record earnings, while AI-related revenue has reportedly tripled. That performance is helping challenge the view that generative AI will permanently weaken Adobe’s creative-software franchise. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?
- Positive Sentiment: ADBE has recovered substantially from its 2026 low as investors rotate back into beaten-down software stocks. The rebound suggests some investors believe Adobe’s earnings power and AI product expansion are being undervalued. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
- Neutral Sentiment: A rumored potential acquisition of Workday is being discussed as a possible catalyst, but there is no confirmed transaction. Any deal could expand Adobe’s enterprise software reach, while also introducing execution, financing, and integration risks. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
- Neutral Sentiment: One strategy article recommends selling options to collect income while setting a lower potential purchase price for Adobe. This may appeal to bullish, income-oriented investors, but it is not a fundamental catalyst and reflects continued caution about the stock’s near-term path. ADBE Stock: Collect 12% While Setting A 30%-Off Buy Price
- Negative Sentiment: Adobe remains one of the most heavily punished large-cap software stocks after losing roughly one-third from its peak. Investors continue to question whether generative AI could erode demand for its core creative products, even as recent results have been strong. That unresolved concern likely helps explain the pressure on ADBE today. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?
Analysts Set New Price Targets
ADBE has been the topic of a number of recent research reports. Barclays reduced their price target on shares of Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th. Royal Bank Of Canada cut their target price on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating on the stock in a research note on Monday, June 8th. Jefferies Financial Group reduced their target price on shares of Adobe from $290.00 to $230.00 and set a “hold” rating on the stock in a report on Friday, June 12th. Citizens Jmp reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Finally, Summit Redstone set a $350.00 price target on Adobe in a report on Friday, April 17th. Seven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $269.81.
Check Out Our Latest Report on Adobe
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.
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