Bank of New York Mellon Corp Lowers Position in Adobe Inc. $ADBE

Bank of New York Mellon Corp decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 6.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,206,791 shares of the software company’s stock after selling 379,558 shares during the period. Bank of New York Mellon Corp’s holdings in Adobe were worth $1,265,667,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ADBE. Western Pacific Wealth Management LP purchased a new stake in shares of Adobe during the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Adobe in the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Adobe in the 3rd quarter worth $27,000. Beacon Financial Strategies CORP acquired a new position in Adobe in the fourth quarter valued at $28,000. Finally, Marquette Asset Management LLC boosted its holdings in Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after acquiring an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

Adobe stock opened at $224.56 on Thursday. The firm has a market capitalization of $89.26 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.74 and a beta of 1.43. Adobe Inc. has a one year low of $190.12 and a one year high of $376.16. The stock’s 50 day moving average price is $229.32 and its 200 day moving average price is $257.16. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75.

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, beating the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. Adobe’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the company 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, sell-side analysts expect that Adobe Inc. will post 19.81 EPS for the current fiscal year.

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

Insider Activity

In other news, CAO Jillian Forusz sold 755 shares of the firm’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 directly owned 3,521 shares in the company, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Ricks bought 10,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the transaction, the director owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders sold 77,091 shares of company stock worth $18,782,773. Corporate insiders own 0.20% of the company’s stock.

Adobe News Summary

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Mizuho dropped their price target on Adobe from $270.00 to $245.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. HSBC raised Adobe from a “hold” rating to a “buy” rating and lifted their price objective for the company from $282.00 to $308.00 in a research note on Thursday, July 2nd. Oppenheimer reissued a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Wells Fargo & Company cut their price target on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Finally, The Goldman Sachs Group cut their price target on shares of Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a report on Friday, June 12th. Six investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $275.00.

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.