Wealthfront Advisers LLC Acquires Shares of 77,353 Adobe Inc. $ADBE

Wealthfront Advisers LLC acquired a new stake in Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 77,353 shares of the software company’s stock, valued at approximately $15,859,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ADBE. BlackRock Inc. purchased a new stake in Adobe during the 2nd quarter valued at $8,437,821,000. State Street Corp boosted its stake in Adobe by 1.7% during the third quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after buying an additional 352,448 shares during the period. Geode Capital Management LLC boosted its stake in Adobe by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock worth $4,027,170,000 after buying an additional 414,049 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Adobe by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock valued at $1,651,066,000 after acquiring an additional 563,772 shares during the last quarter. Finally, Norges Bank bought a new position in Adobe during the fourth quarter valued at $2,275,165,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on ADBE shares. TD Cowen lowered their target price on shares of Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a report on Monday, June 8th. Sanford C. Bernstein cut their price target on shares of Adobe from $447.00 to $379.00 and set an “outperform” rating on the stock in a report on Friday, June 12th. Stifel Nicolaus reissued a “hold” rating and issued a $200.00 price objective (down from $350.00) on shares of Adobe in a research report on Friday, June 12th. Evercore set a $225.00 price objective on shares of Adobe and gave the stock an “in-line” rating in a research note on Friday, June 12th. Finally, Wolfe Research lowered Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $269.81.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s shift toward a freemium model for AI-powered tools— including holding off on price increases to expand its user base—could accelerate adoption and support its goal of double-digit annual recurring-revenue growth. Recent share-price momentum has also prompted renewed debate over whether the stock is below fair value. Is Adobe Below Fair Value On Its Freemium AI Push?
• Positive Sentiment: Investor rotation out of semiconductor stocks and into beaten-down technology names helped lift Adobe, along with Netflix and Salesforce. This suggests part of the move reflected broader sector positioning rather than a new company-specific announcement. Netflix, Salesforce, and Adobe Rally
• Positive Sentiment: In a comparison with DocuSign, Motley Fool analysts favored Adobe, reinforcing the view that Adobe remains a profitable, established software leader with an attractive valuation and meaningful AI opportunity. Docusign: A Cheap Turnaround or an AI Disruption Risk?
• Neutral Sentiment: Analyst coverage describes Adobe as being in a holding pattern while it awaits new management and evaluates the freemium transition, limiting near-term conviction despite the potential for wider AI adoption. Adobe in Holding Pattern
• Negative Sentiment: Some investors remain concerned that even successful AI execution may not quickly repair Adobe’s damaged market narrative. The company must prove that freemium tools can convert users into durable, profitable revenue growth. Adobe: Even If It Wins With AI, the Market May Take Years to Forgive

Adobe Stock Performance

Adobe stock opened at $263.14 on Wednesday. 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 company has a market capitalization of $104.60 billion, a PE ratio of 15.05, a P/E/G ratio of 0.89 and a beta of 1.40. The company has a 50 day moving average price of $229.32 and a 200-day moving average price of $245.06. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $370.86.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, equities analysts forecast that Adobe Inc. will post 19.81 earnings per share for the current year.

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

Insiders Place Their Bets

In other news, Director David A. Ricks purchased 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were purchased at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.