Jeter Robert S II purchased a new stake in Adobe Inc. (NASDAQ:ADBE – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,065 shares of the software company’s stock, valued at approximately $685,000. Adobe comprises about 0.6% of Jeter Robert S II’s portfolio, making the stock its 23rd largest holding.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Western Pacific Wealth Management LP purchased a new position in shares of Adobe in the 4th quarter worth approximately $26,000. Measured Wealth Private Client Group LLC bought a new stake in Adobe in the third quarter worth $26,000. TrustBank bought a new stake in Adobe in the fourth quarter worth $28,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Adobe during the second quarter worth $28,000. Finally, Lloyd Advisory Services LLC. bought a new position in Adobe during the fourth quarter valued at $31,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
ADBE has been the subject of several analyst reports. Dbs Bank lowered shares of Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Bank of America upped their price target on shares of Adobe from $190.00 to $220.00 and gave the company an “underperform” rating in a report on Wednesday, August 19th. Citigroup raised their price objective on shares of Adobe from $228.00 to $301.00 and gave the stock a “neutral” rating in a research note on Tuesday. Evercore set a $225.00 target price on Adobe and gave the company an “in-line” rating in a research report on Friday, June 12th. Finally, Mizuho cut their target price on Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Seven investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $278.72.
Key Headlines Impacting Adobe
Here are the key news stories impacting Adobe this week:
- Positive Sentiment: Adobe raised Anil Chakravarthy, president of its Customer Experience Orchestration business and worldwide field operations, to president and CEO effective December 1. Chakravarthy has overseen several AI products, while longtime CEO Shantanu Narayen will become executive chair, potentially supporting continuity as Adobe accelerates its AI strategy. Adobe Announces CEO Transition
- Positive Sentiment: RBC raised its price target to $315 from $285 and maintained an Outperform rating ahead of Adobe’s fiscal third-quarter results, citing the potential for annual recurring revenue to exceed expectations. Adobe reports on September 10, making recurring-revenue growth a key near-term catalyst. RBC Raises Adobe Price Target
- Positive Sentiment: Adobe expanded its AI and marketing ecosystem by acquiring Indian startup Rilo and integrating more than 70 creative tools—including Photoshop, Firefly and Acrobat—into Slack. These initiatives could improve workflow integration and strengthen enterprise adoption. Adobe Launches Slack App
- Neutral Sentiment: Analysts remain divided ahead of earnings: some see valuation upside if ARR reaccelerates, while others maintain Hold ratings because Adobe must demonstrate that its AI investments can revive growth and support a higher multiple.
- Negative Sentiment: The CEO announcement surprised investors because it came shortly before earnings and selected Chakravarthy rather than another business leader some investors reportedly expected. Reports also pointed to a separate executive departure, raising concerns about further leadership turnover. Why Adobe Stock Is Dropping
- Negative Sentiment: Adobe continues to face fears that AI-native rivals and new tools from major technology companies could pressure its creative-software franchise, user growth and pricing power. Stronger employment data also increased expectations for a hawkish Federal Reserve, weighing on software and other growth stocks broadly. U.S. Stocks End Lower
Adobe Stock Performance
Shares of NASDAQ:ADBE opened at $266.51 on Friday. The firm has a market cap of $105.94 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42. The firm’s 50 day simple moving average is $249.19 and its 200-day simple moving average is $245.81. Adobe Inc. has a one year low of $190.12 and a one year high of $370.86. 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 announced its quarterly 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 firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the business earned $5.06 earnings per share. Adobe’s quarterly 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, equities analysts predict that Adobe Inc. will post 19.81 EPS for the current year.
Insider Buying and Selling at Adobe
In other news, Director David A. Ricks acquired 10,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the acquisition, the director directly 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 filing with the SEC, which can be accessed through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the sale, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at approximately $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. 0.20% of the stock is currently 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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