Adobe Inc. $ADBE Shares Acquired by Twin Capital Management Inc.

Twin Capital Management Inc. lifted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 60.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 9,434 shares of the software company’s stock after buying an additional 3,541 shares during the period. Twin Capital Management Inc.’s holdings in Adobe were worth $2,293,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund raised its holdings in Adobe by 15.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 73,216 shares of the software company’s stock valued at $17,797,000 after acquiring an additional 9,931 shares during the last quarter. Robinson Value Management Ltd. lifted its stake in shares of Adobe by 74.6% during the 1st quarter. Robinson Value Management Ltd. now owns 20,830 shares of the software company’s stock worth $5,063,000 after purchasing an additional 8,897 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Adobe by 15.9% during the first quarter. Geneos Wealth Management Inc. now owns 15,113 shares of the software company’s stock worth $3,674,000 after purchasing an additional 2,076 shares during the last quarter. MASTERINVEST Kapitalanlage GmbH boosted its holdings in shares of Adobe by 18.9% during the first quarter. MASTERINVEST Kapitalanlage GmbH now owns 8,730 shares of the software company’s stock worth $2,122,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Signet Financial Management LLC grew its position in shares of Adobe by 51.9% in the first quarter. Signet Financial Management LLC now owns 6,142 shares of the software company’s stock valued at $1,493,000 after purchasing an additional 2,099 shares during the period. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 755 shares of the business’s 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 completion of the sale, the chief accounting officer owned 3,521 shares in the company, valued at approximately $867,046.25. The trade was a 17.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Ricks bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. The SEC filing for this purchase provides additional information. Insiders have sold a total of 77,091 shares of company stock worth $18,782,773 over the last 90 days. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ADBE. KeyCorp dropped their target price on Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a research note on Friday, June 12th. Wells Fargo & Company decreased their price target on Adobe from $330.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Adobe in a report on Wednesday, June 3rd. UBS Group set a $365.00 price objective on shares of Adobe in a research note on Friday, June 12th. Finally, Barclays cut their price objective on shares of Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a report on Friday, June 12th. Six analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Adobe presently has an average rating of “Hold” and an average price target of $275.00.

Adobe Trading Up 1.7%

Shares of ADBE opened at $224.56 on Thursday. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $376.16. The firm has a market capitalization of $89.26 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 0.74 and a beta of 1.43. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $229.32 and its 200 day simple moving average is $257.16.

Adobe (NASDAQ:ADBE) last posted 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. The firm had revenue of $6.62 billion during 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 quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous 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. On average, equities research analysts forecast that Adobe Inc. will post 19.81 earnings per share for the current year.

Adobe announced that its Board of Directors has authorized a share repurchase program on Tuesday, April 21st that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the software company to repurchase up to 24.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is drawing bullish attention after reports that AI-first net new annualized recurring revenue is running at roughly 3x last year’s level, and that the company is acquiring Topaz Labs to deepen its AI-powered creative tools. Adobe (ADBE) Buys Topaz Labs As AI Revenue Runs At 3x Prior Year
• Positive Sentiment: Several technical and momentum-focused notes point to improving trading sentiment, including a breakout above the 50-day moving average and a Zacks ranking that flags Adobe as a top momentum stock. Adobe Systems (ADBE) Recently Broke Out Above the 50-Day Moving Average
• Positive Sentiment: Industry research highlighting fast-growing demand for content intelligence and generative AI could support Adobe’s long-term growth narrative, especially given its role in enterprise content creation and management. Content Intelligence Market to Reach $39.88 Billion by 2035 as Generative AI Transforms Enterprise Content Operations
• Neutral Sentiment: Commentary from Adobe’s CMO about AI changing brand discovery underscores the company’s strategic relevance in AI-driven marketing, but it is more of a narrative update than a direct financial catalyst. Adobe CMO Lara Balazs Says AI Is Rewriting Brand Discovery
• Neutral Sentiment: Analyst-style pieces argue Adobe’s AI growth is helping challenge the bear case, but the articles are largely opinion-based and do not add new hard numbers. Adobe’s (ADBE) AI Growth Challenges the Bear Case
• Negative Sentiment: Software stocks, including Adobe, came under pressure after IBM warned on revenue, raising concern that enterprise customers may be tightening software budgets to fund other IT spending. IBM Warning Hits Software Stocks
• Negative Sentiment: Another market-wrap article noted Adobe trading lower alongside peers after the IBM warning, reinforcing worries about enterprise spending and near-term demand for software vendors. Adobe, ServiceNow, and Appian Stocks Trade Down, What You Need To Know
• Negative Sentiment: A Seeking Alpha piece questions whether Adobe’s creativity and AI strategy are enough to justify the stock’s valuation, suggesting some investors still see upside limits. Adobe: Creativity Is Necessary To Justify The Stock Price

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.