Bridgewater Advisors Inc. Buys Shares of 3,593 Adobe Inc. $ADBE

Bridgewater Advisors Inc. acquired a new position in Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 3,593 shares of the software company’s stock, valued at approximately $903,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Adobe in the fourth quarter valued at approximately $2,275,165,000. AQR Capital Management LLC increased its stake in shares of Adobe by 55.2% during the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after acquiring an additional 920,353 shares during the period. Amundi raised its holdings in Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after purchasing an additional 742,646 shares in the last quarter. State of Michigan Retirement System raised its holdings in Adobe by 566.1% during the first quarter. State of Michigan Retirement System now owns 820,823 shares of the software company’s stock worth $199,526,000 after purchasing an additional 697,600 shares in the last quarter. Finally, AMF Tjanstepension AB acquired a new stake in Adobe in the first quarter worth approximately $167,494,000. Institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling

In other Adobe news, Director David A. Ricks bought 10,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was bought at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the transaction, the director directly 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. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the sale, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is owned by insiders.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s AI business is showing stronger traction: the company has reported a series of record earnings, while AI-related revenue has reportedly tripled. That performance is helping challenge the view that generative AI will permanently weaken Adobe’s creative-software franchise. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?
• Positive Sentiment: ADBE has recovered substantially from its 2026 low as investors rotate back into beaten-down software stocks. The rebound suggests some investors believe Adobe’s earnings power and AI product expansion are being undervalued. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
• Neutral Sentiment: A rumored potential acquisition of Workday is being discussed as a possible catalyst, but there is no confirmed transaction. Any deal could expand Adobe’s enterprise software reach, while also introducing execution, financing, and integration risks. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
• Neutral Sentiment: One strategy article recommends selling options to collect income while setting a lower potential purchase price for Adobe. This may appeal to bullish, income-oriented investors, but it is not a fundamental catalyst and reflects continued caution about the stock’s near-term path. ADBE Stock: Collect 12% While Setting A 30%-Off Buy Price
• Negative Sentiment: Adobe remains one of the most heavily punished large-cap software stocks after losing roughly one-third from its peak. Investors continue to question whether generative AI could erode demand for its core creative products, even as recent results have been strong. That unresolved concern likely helps explain the pressure on ADBE today. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?

Wall Street Analyst Weigh In

ADBE has been the subject of several research reports. Piper Sandler decreased their target price on Adobe from $280.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. DA Davidson dropped their price target on shares of Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. HSBC raised shares of Adobe from a “hold” rating to a “buy” rating and upped their price target for the company from $282.00 to $308.00 in a report on Thursday, July 2nd. Royal Bank Of Canada lowered their price objective on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating on the stock in a research note on Monday, June 8th. Finally, Barclays dropped their target price 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. Seven analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Adobe currently has a consensus rating of “Hold” and an average target price of $269.81.

Adobe Stock Performance

Shares of ADBE stock opened at $264.02 on Friday. The company has a market capitalization of $104.95 billion, a price-to-earnings ratio of 15.10, a P/E/G ratio of 0.89 and a beta of 1.40. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $370.86. 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 $228.64 and its 200-day simple moving average is $246.04.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating 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 firm had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the prior year, the business earned $5.06 EPS. The company’s revenue for the quarter 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, sell-side analysts predict that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Adobe declared that its board has authorized 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 repurchase up to 24.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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.