Morningstar Investment Management LLC Purchases 5,265 Shares of Adobe Inc. $ADBE

Morningstar Investment Management LLC increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 25.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,233 shares of the software company’s stock after buying an additional 5,265 shares during the quarter. Morningstar Investment Management LLC’s holdings in Adobe were worth $6,377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADBE. Public Employees Retirement System of Ohio increased its holdings in shares of Adobe by 2.6% in the first quarter. Public Employees Retirement System of Ohio now owns 183,033 shares of the software company’s stock worth $44,492,000 after acquiring an additional 4,714 shares in the last quarter. Compound Planning Inc. raised its position in shares of Adobe by 1.4% during the first quarter. Compound Planning Inc. now owns 5,255 shares of the software company’s stock worth $1,278,000 after purchasing an additional 74 shares during the period. Modern Wealth Management LLC lifted its holdings in shares of Adobe by 3.7% during the 1st quarter. Modern Wealth Management LLC now owns 4,543 shares of the software company’s stock valued at $1,097,000 after purchasing an additional 161 shares in the last quarter. Keebeck Wealth Management lifted its holdings in shares of Adobe by 81.3% during the 1st quarter. Keebeck Wealth Management now owns 1,253 shares of the software company’s stock valued at $305,000 after purchasing an additional 562 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Adobe by 9.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock valued at $1,651,066,000 after purchasing an additional 563,772 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Trading Up 6.1%

NASDAQ:ADBE opened at $225.11 on Friday. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $376.16. 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 business has a 50 day moving average price of $226.78 and a two-hundred day moving average price of $251.84. The company has a market cap of $89.48 billion, a P/E ratio of 12.88, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping the consensus estimate of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The company had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the business earned $5.06 EPS. The business’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, analysts expect that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Adobe declared that its Board of Directors has approved a stock repurchase plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: TipRanks said Adobe looks attractive despite ongoing AI adoption worries, suggesting investors may be focusing on valuation and long-term fundamentals rather than short-term AI fears. Adobe (ADBE) Stock Looks Attractive Even as AI Worries Persist
• Positive Sentiment: CLSA reportedly initiated or reiterated a Moderate Buy rating on Adobe, which can support sentiment by signaling analyst confidence in the stock’s outlook. Adobe (NASDAQ:ADBE) Earns Moderate Buy Rating from Analysts at CLSA
• Positive Sentiment: Recent coverage highlighted Adobe as a trending stock, which may reflect renewed investor attention and interest ahead of future catalysts. Here is What to Know Beyond Why Adobe Inc. (ADBE) is a Trending Stock
• Neutral Sentiment: One report said short interest in Adobe was unchanged at zero shares, so it does not indicate meaningful bearish pressure or a change in trading sentiment.
• Neutral Sentiment: A MarketWatch note said Adobe underperformed some peers on Wednesday, but this looks like a relative-performance observation rather than a major company-specific catalyst. Adobe Inc. stock underperforms Wednesday when compared to competitors
• Negative Sentiment: The main headwind remains investor concern about AI adoption, which could be weighing on Adobe’s near-term multiple even as some analysts argue the stock looks attractive.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ADBE shares. TD Cowen lowered their target price on Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a research note on Monday, June 8th. JPMorgan Chase & Co. cut their price target on shares of Adobe from $420.00 to $340.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Stifel Nicolaus reiterated a “hold” rating and issued a $200.00 price target (down from $350.00) on shares of Adobe in a report on Friday, June 12th. DA Davidson lowered their price objective on shares of Adobe from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, June 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Adobe in a report on Wednesday, June 3rd. Seven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Adobe currently has a consensus rating of “Hold” and an average price target of $271.30.

Insider Buying and Selling

In related news, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of the transaction, the chief executive officer owned 359,538 shares of the company’s stock, valued at approximately $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction on Thursday, April 30th. The shares were 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 $867,046.25. The trade was a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is currently 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.