Jacobs & Co. CA Has $2.94 Million Stock Holdings in Adobe Inc. $ADBE

Jacobs & Co. CA decreased its position in Adobe Inc. (NASDAQ:ADBE) by 56.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,346 shares of the software company’s stock after selling 18,764 shares during the period. Jacobs & Co. CA’s holdings in Adobe were worth $2,941,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ADBE. Chemistry Wealth Management LLC boosted its stake in Adobe by 117.2% during the second quarter. Chemistry Wealth Management LLC now owns 1,803 shares of the software company’s stock worth $370,000 after buying an additional 973 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Adobe by 4.3% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 7,585 shares of the software company’s stock valued at $1,555,000 after acquiring an additional 313 shares in the last quarter. Crumly & Associates Inc. increased its stake in Adobe by 16.4% in the second quarter. Crumly & Associates Inc. now owns 2,219 shares of the software company’s stock valued at $455,000 after acquiring an additional 312 shares during the period. Seilern Investment Management Ltd raised its position in Adobe by 1.6% in the second quarter. Seilern Investment Management Ltd now owns 179,896 shares of the software company’s stock worth $36,882,000 after purchasing an additional 2,876 shares in the last quarter. Finally, Invariant Investment Management lifted its stake in Adobe by 15.3% during the second quarter. Invariant Investment Management now owns 4,934 shares of the software company’s stock worth $1,076,000 after purchasing an additional 654 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 416 shares of the stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the transaction, the chief accounting officer directly owned 3,824 shares in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 purchased at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is currently owned by company insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched a unified ChatGPT plug-in that brings more than 70 creative and productivity tools—including Photoshop, Lightroom, Acrobat, image, video and PDF capabilities—directly into OpenAI’s chatbot. The integration could make Adobe’s products easier to access, expand usage and position the company as an AI enabler rather than an AI casualty. Adobe Debuts ChatGPT App Featuring All Its Programs
• Positive Sentiment: Recent coverage highlights Adobe’s valuation after its sharp sell-off. The company is still producing double-digit revenue growth, stable margins and substantial free cash flow, while its latest quarterly results exceeded earnings and revenue expectations. A recovery in investor sentiment or a valuation re-rating could provide significant upside. Buy the Dip or Run: 3 Software Stocks Down 50% Face Their Moment of Truth
• Positive Sentiment: Zacks characterized ADBE as both a long-term growth candidate and a strong value stock, reflecting its depressed valuation relative to historical levels and continuing earnings potential. Why Adobe Systems Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Akamai’s strong cloud and security results offer an indirect positive signal because Adobe is among its customers, but the report does not provide new information about Adobe’s financial performance. Akamai Beats Quarterly Estimates on Cloud Infrastructure Demand
• Negative Sentiment: Adobe remains one of the software companies targeted by AI-disruption concerns. AI-native competitors could pressure pricing, customer retention and growth, and promotional commentary warns of insider selling, talent departures and business-model changes. These claims are not confirmed in the supplied reporting, but they underscore the key risk investors are monitoring. These Are the Four Signs a Company Is About to Be Destroyed by AI

Adobe Stock Up 1.9%

Shares of NASDAQ ADBE opened at $265.21 on Friday. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $370.86. The firm’s 50-day simple moving average is $228.08 and its 200 day simple moving average is $247.10. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The company has a market cap of $105.42 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share 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 company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the firm posted $5.06 earnings per share. The company’s revenue was up 12.7% on a year-over-year basis. 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, research analysts expect that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Adobe announced that its Board of Directors has approved a stock repurchase program on Tuesday, April 21st that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the software company to buy up to 24.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ADBE. Jefferies Financial Group lowered their price objective on Adobe from $290.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. Mizuho cut their price objective on Adobe from $270.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Sanford C. Bernstein lowered their target price 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. Evercore set a $225.00 price target on shares of Adobe and gave the company an “in-line” rating in a report on Friday, June 12th. Finally, KeyCorp decreased their price objective on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research note on Friday, June 12th. Seven investment 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 stock. According to MarketBeat, Adobe presently has a consensus rating of “Hold” and a consensus target price of $271.30.

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.