PKO Investment Management Joint Stock Co Reduces Stake in Adobe Inc. $ADBE

PKO Investment Management Joint Stock Co cut its stake in Adobe Inc. (NASDAQ:ADBE) by 21.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,000 shares of the software company’s stock after selling 4,000 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in Adobe were worth $3,646,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Flywheel Private Wealth LLC purchased a new stake in shares of Adobe in the 1st quarter valued at approximately $208,000. Brookstone Capital Management raised its position in shares of Adobe by 11.6% during the 1st quarter. Brookstone Capital Management now owns 13,617 shares of the software company’s stock valued at $3,310,000 after buying an additional 1,416 shares during the period. SG Americas Securities LLC lifted its holdings in Adobe by 3.4% in the first quarter. SG Americas Securities LLC now owns 366,779 shares of the software company’s stock valued at $89,157,000 after acquiring an additional 11,911 shares during the last quarter. Evolve Private Wealth LLC lifted its holdings in Adobe by 33.2% in the first quarter. Evolve Private Wealth LLC now owns 3,662 shares of the software company’s stock valued at $890,000 after acquiring an additional 912 shares during the last quarter. Finally, IVC Wealth Advisors LLC grew its position in Adobe by 5.0% in the first quarter. IVC Wealth Advisors LLC now owns 3,583 shares of the software company’s stock worth $871,000 after acquiring an additional 171 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced new agentic AI partnerships at Cannes Lions, including agency, technology, and systems integrator deals aimed at making Adobe the “infrastructure layer” for personalized customer experiences. The company also said it is embedding Creative Agent across Firefly and Creative Cloud, which could improve workflow productivity and deepen product usage. Adobe Accelerates Agentic AI Adoption Through New Agency and Technology Partnerships
• Positive Sentiment: Several commentators highlighted Adobe’s valuation as attractive after the selloff, with value investors and analysts pointing to strong buybacks, solid ARR trends, and what they see as an overly pessimistic view of AI disruption. One analyst also reiterated a Buy rating with a high price target, reinforcing the idea that the stock may be undervalued. Paul Chew Reiterates Buy on Adobe
• Neutral Sentiment: Adobe is expanding its free and freemium AI tools and moving further into commerce media, which could broaden adoption and support longer-term growth, but the market is still waiting to see whether this strategy translates into stronger revenue acceleration. Adobe Opens Its AI Tools For Free And Expands Into Commerce Media
• Negative Sentiment: Adobe continues to face skepticism that its AI shift could pressure pricing and growth, and some coverage noted that the company is still searching for a new CEO while its CFO departs. Citi also cut its price target to $228 from $264, keeping a Neutral rating, which may weigh on sentiment. Citi Cuts PT on Adobe Inc. (ADBE)

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research note on Saturday. Stifel Nicolaus reiterated a “hold” rating and set a $200.00 price target (down from $350.00) on shares of Adobe in a report on Friday, June 12th. Jefferies Financial Group cut their price objective on Adobe from $290.00 to $230.00 and set a “hold” rating for the company in a research report on Friday, June 12th. Robert W. Baird reduced their price objective on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Finally, Dbs Bank cut shares of Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Five equities 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $278.16.

Adobe Stock Down 0.1%

NASDAQ:ADBE opened at $194.90 on Tuesday. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $392.58. The stock’s fifty day moving average is $239.67 and its two-hundred day moving average is $273.22. The stock has a market capitalization of $77.47 billion, a price-to-earnings ratio of 11.15, a price-to-earnings-growth ratio of 0.68 and a beta of 1.42. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The business had revenue of $6.62 billion during 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%.The company’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Research analysts anticipate that Adobe Inc. will post 19.73 EPS for the current year.

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

Insider Buying and Selling at Adobe

In other Adobe news, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the transaction, the chief financial officer directly owned 42,833 shares of the company’s stock, valued at $10,623,440.66. The trade was a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Jillian Forusz sold 755 shares of the business’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 sale, the chief accounting officer 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 77,091 shares of company stock valued at $18,782,773 in the last three months. 0.20% of the stock is owned by corporate insiders.

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.