First Trust Advisors LP increased its stake in shares of Adobe Inc. (NASDAQ:ADBE – Free Report) by 34.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 763,712 shares of the software company’s stock after acquiring an additional 193,908 shares during the quarter. First Trust Advisors LP’s holdings in Adobe were worth $185,643,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Western Pacific Wealth Management LP acquired a new stake in shares of Adobe in the 4th quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Adobe during the third quarter worth about $26,000. Beacon Financial Strategies CORP acquired a new stake in Adobe during the fourth quarter worth about $28,000. Marquette Asset Management LLC raised its stake in Adobe by 72.3% during the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after purchasing an additional 34 shares during the period. Finally, TrustBank acquired a new position in Adobe in the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 81.79% of the company’s stock.
Insider Activity at Adobe
In other news, Director David A. Ricks bought 10,000 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was bought at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director directly owned 17,655 shares in the company, valued at $3,434,074.05. The trade was a 130.63% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the transaction, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This represents a 17.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.20% of the company’s stock.
Key Adobe News
- Positive Sentiment: CLSA initiated coverage on Adobe with a “moderate buy” rating and a $300 price target, implying meaningful upside from current levels. Benzinga
- Positive Sentiment: One article highlighted Adobe’s growth profile and argued the stock may still offer value despite the selloff, suggesting some investors see the pullback as overdone. Zacks
- Neutral Sentiment: Adobe is continuing to add AI features, including multiple AI tools in its experimental camera app, which shows ongoing product innovation but is not yet a clear near-term revenue catalyst. MSN
- Neutral Sentiment: The company’s chief people officer sold a small number of shares for tax withholding, a routine insider transaction that does not by itself signal a major change in outlook. The Motley Fool
- Negative Sentiment: Morgan Stanley downgraded Adobe to underweight and cut its price target to $240 from $365, citing concerns about free-tier offerings pressuring subscriptions, leadership changes, and AI monetization risks. Yahoo Finance
- Negative Sentiment: Another analyst note said Adobe’s roughly 40% decline from its 52-week high reflects AI monetization doubts, slower near-term ARR growth, and uncertainty around leadership strategy. Zacks
- Negative Sentiment: Broader commentary this week also tied Adobe’s weakness to AI-related competitive pressure across software stocks, keeping sentiment cautious. Financial Post
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on ADBE shares. Wolfe Research downgraded shares of Adobe from an “outperform” rating to a “peer perform” rating in a report on Friday, June 12th. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Evercore set a $225.00 target price on Adobe and gave the stock an “in-line” rating in a research note on Friday, June 12th. BTIG Research initiated coverage on Adobe in a research report on Monday, April 13th. They issued a “neutral” rating on the stock. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and six have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $271.30.
Check Out Our Latest Stock Analysis on ADBE
Adobe Stock Performance
NASDAQ:ADBE opened at $218.36 on Thursday. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $376.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The company has a 50 day moving average price of $227.72 and a 200 day moving average price of $252.88. The stock has a market capitalization of $86.80 billion, a P/E ratio of 12.49, a PEG ratio of 0.76 and a beta of 1.43.
Adobe (NASDAQ:ADBE – Get Free Report) last announced its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the company earned $5.06 earnings per share. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. 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 forecast that Adobe Inc. will post 19.81 EPS for the current year.
Adobe announced that its Board of Directors has authorized 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 purchase up to 24.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
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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