Johnson Financial Group Inc. Makes New $2.29 Million Investment in Adobe Inc. $ADBE

Posted by George Bondi on Aug 20th, 2026

Johnson Financial Group Inc. bought a new position in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 11,166 shares of the software company’s stock, valued at approximately $2,289,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Adobe during the second quarter worth about $8,437,821,000. State Street Corp boosted its position in Adobe by 1.7% during the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after acquiring an additional 352,448 shares during the last quarter. Geode Capital Management LLC boosted its position 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 worth $4,027,170,000 after acquiring an additional 414,049 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Adobe by 9.1% during the 1st 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 acquired a new stake in shares of Adobe in the fourth quarter valued at approximately $2,275,165,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Adobe news, Director David A. Ricks bought 10,000 shares of Adobe stock in a transaction dated 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 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 position. The transaction was disclosed in a filing with the SEC, which is accessible 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 completion of the transaction, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.20% of the company’s stock.

Key Adobe News

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe’s recent rally has been supported by improving short-term momentum and a broader rotation out of semiconductor stocks into lagging technology names. The company is also viewed by some analysts as undervalued after its earlier decline. Netflix, Salesforce, and Adobe Rally as Investors Rotate Out of Semiconductors and Into Beaten Down Stocks Is It Too Late to Buy Adobe Inc After Rally? GF Value Says Undervalued
Positive Sentiment: Adobe’s freemium strategy for AI-powered tools— including holding off on some price increases to expand its user base—could accelerate adoption and support the company’s goal of double-digit annual recurring-revenue growth. Analysts also continue to favor Adobe over DocuSign, citing its stronger competitive position. Is Adobe Below Fair Value On Its Freemium AI Push?
Neutral Sentiment: A dispute involving Rebel Creamery’s packaging design created with Adobe Illustrator has led to a court-ordered rebrand and Rebel’s Chapter 11 filing. The matter concerns an Adobe software user and does not appear to create a material financial impact for Adobe. How a DIY Adobe Illustrator Design Landed Rebel Creamery in a $23.8 Million Fight
Negative Sentiment: Bank of America raised its price target but retained an “underperform” rating. Its new target remains materially below Adobe’s recent trading level, signaling concern that the rally may have outpaced the company’s near-term fundamentals. Bank of America Raises Adobe Price Target While Maintaining Underperform Rating

Adobe Trading Up 3.5%

Shares of ADBE stock opened at $272.47 on Thursday. The firm has a 50 day moving average price of $230.10 and a two-hundred day moving average price of $244.93. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $108.31 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $370.86.

Adobe (NASDAQ:ADBE – Get Free Report) last posted its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion for 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 quarter in the prior year, the business earned $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. As a group, analysts predict that Adobe Inc. will post 19.81 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have commented on ADBE. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Phillip Securities lowered Adobe from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. The Goldman Sachs Group reduced their price target on Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a research report on Friday, June 12th. Weiss Ratings downgraded Adobe from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. Finally, Dbs Bank lowered Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Seven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $270.96.

View Our Latest Stock Analysis on Adobe

Adobe Company Profile

(Free Report)

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.