Stephens Inc. AR Sells 2,428 Shares of Adobe Inc. $ADBE

Stephens Inc. AR lowered its position in shares of Adobe Inc. (NASDAQ:ADBE) by 9.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,931 shares of the software company’s stock after selling 2,428 shares during the period. Stephens Inc. AR’s holdings in Adobe were worth $5,595,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ADBE. Norges Bank purchased a new position in shares of Adobe in the fourth quarter worth $2,275,165,000. Arrowstreet Capital Limited Partnership lifted its stake in Adobe by 53.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after acquiring an additional 1,952,994 shares during the period. Dodge & Cox boosted its holdings in shares of Adobe by 8,006.6% during the 3rd quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock valued at $562,109,000 after acquiring an additional 1,573,849 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Adobe by 55.2% in the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after acquiring an additional 920,353 shares during the period. Finally, Amundi raised its holdings in shares of Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after purchasing an additional 742,646 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on ADBE. Piper Sandler lowered their price objective on shares of Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. UBS Group set a $365.00 target price on shares of Adobe in a research note on Friday, June 12th. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a report on Saturday. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Finally, Morgan Stanley reduced their price objective on Adobe from $425.00 to $365.00 and set an “equal weight” rating for the company in a research report on Friday, March 13th. Six research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $275.00.

Adobe Trading Up 1.6%

Shares of Adobe stock opened at $221.54 on Wednesday. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $386.60. The company’s fifty day simple moving average is $232.01 and its 200-day simple moving average is $262.68. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $88.06 billion, a PE ratio of 12.67, a P/E/G ratio of 0.76 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping the consensus estimate of $5.82 by $0.14. The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.Adobe’s revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business posted $5.06 EPS. 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 anticipate that Adobe Inc. will post 19.8 earnings per share for the current year.

Adobe declared that its board has authorized a share repurchase plan on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to buy up to 24.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe shares are benefiting from renewed optimism that its AI strategy could support the business, with some commentary arguing the company may still be positioned to gain from AI disruption. How Adobe Stock Could Benefit From AI Disruption
• Positive Sentiment: The stock is also being helped by broader analyst interest after recent bullish tone shifts, which traders appear to be using to buy the recent weakness. Adobe Shares Defy Nasdaq Sell-Off Tuesday: What’s Going On?
• Neutral Sentiment: Some articles describe Adobe as undervalued or “temptingly cheap,” but note that valuation alone may not be enough to make it an attractive buy for bargain hunters. Adobe’s stock is temptingly cheap. Should investors bite?
• Negative Sentiment: Bank of America reinstated Adobe at Underperform with a $190 price target, saying generative AI is lowering barriers to content creation and increasing competition for Adobe’s core creative software. Adobe reinstated at Underperform by Bank of America as AI pressures growth outlook
• Negative Sentiment: Another BofA-led note argued Figma is a better AI bet than Adobe, reinforcing concerns that Adobe could face competitive pressure from AI-native rivals. Why Figma Is a Better AI Bet Than Adobe

Insider Buying and Selling

In other news, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the transaction, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at $867,046.25. The trade was a 17.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the sale, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 77,091 shares of company stock worth $18,782,773 over the last ninety days. 0.20% of the stock is owned by corporate insiders.

Adobe Company 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.