OMERS ADMINISTRATION Corp Grows Stake in Adobe Inc. $ADBE

OMERS ADMINISTRATION Corp raised its position in shares of Adobe Inc. (NASDAQ:ADBE) by 27.8% in the first quarter, HoldingsChannel reports. The firm owned 28,289 shares of the software company’s stock after acquiring an additional 6,156 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Adobe were worth $6,876,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in ADBE. Western Pacific Wealth Management LP purchased a new position in shares of Adobe during the fourth quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Adobe in the third quarter worth about $26,000. Marquette Asset Management LLC lifted its stake in Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after acquiring an additional 34 shares during the period. TrustBank bought a new position in Adobe during the 4th quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. bought a new position in Adobe during the 4th quarter worth about $31,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADBE has been the subject of several recent research reports. Piper Sandler reduced their price target on shares of Adobe from $280.00 to $240.00 and set a “neutral” rating for the company in a report on Friday, June 12th. DA Davidson dropped their price objective on shares of Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. Morgan Stanley lowered shares of Adobe from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $365.00 to $240.00 in a report on Tuesday, July 21st. Wells Fargo & Company reduced their price objective on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Finally, KeyCorp lowered their target price on Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a report on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and six have assigned a Sell rating to the company. According to MarketBeat, Adobe currently has an average rating of “Hold” and a consensus price target of $271.30.

Adobe Stock Performance

ADBE stock opened at $225.11 on Monday. Adobe Inc. has a one year low of $190.12 and a one year high of $376.16. The firm has a market cap of $89.48 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 0.76 and a beta of 1.43. 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 firm has a 50-day simple moving average of $226.78 and a two-hundred day simple moving average of $251.28.

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

Adobe declared that its board has initiated a stock buyback plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to reacquire up to 24.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Key Stories Impacting 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.

Insiders Place Their Bets

In other Adobe news, Director David A. Ricks acquired 10,000 shares of the stock in a transaction dated Thursday, June 25th. The stock was purchased at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director directly owned 17,655 shares of the company’s stock, valued at $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the company’s 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 transaction, the chief accounting officer directly owned 3,521 shares in the company, valued at $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.20% of the company’s stock.

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.