662,502 Shares in Adobe Inc. $ADBE Purchased by Nykredit A S

Nykredit A S purchased a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 662,502 shares of the software company’s stock, valued at approximately $135,826,000. Nykredit A S owned about 0.17% of Adobe at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Adobe in the second quarter valued at $8,437,821,000. State Street Corp boosted its holdings in Adobe by 1.7% during the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock valued at $7,277,941,000 after acquiring an additional 352,448 shares during the period. Geode Capital Management LLC grew its position in Adobe by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock valued at $4,027,170,000 after acquiring an additional 414,049 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake 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 worth $1,651,066,000 after purchasing an additional 563,772 shares during the period. Finally, Norges Bank purchased a new position in shares of Adobe in the fourth quarter valued at approximately $2,275,165,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ADBE has been the topic of several recent research reports. CLSA assumed coverage on shares of Adobe in a research note on Monday, July 20th. They set an “outperform” rating and a $300.00 target price on the stock. Wall Street Zen cut Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. The Goldman Sachs Group cut their price target on Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a report on Friday, June 12th. TD Cowen decreased their price objective on Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a research note on Monday, June 8th. Finally, Sanford C. Bernstein cut their target price on shares of Adobe from $447.00 to $379.00 and set an “outperform” rating on the stock in a research note on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $278.72.

Insiders Place Their Bets

In related news, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the sale, the chief accounting officer directly owned 3,824 shares in the company, valued at $1,010,797.92. This trade represents a 9.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Ricks acquired 10,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was bought at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the purchase, the director directly owned 17,655 shares of the company’s stock, valued at $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.20% of the company’s stock.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe acquired India-based marketing-intelligence and AI-automation startup Rilo through a deal involving technology licensing and the addition of its team. The acquisition should strengthen Adobe’s “agentic” AI capabilities and represents its second Indian acquisition. Adobe acquires Indian market intelligence startup Rilo
• Positive Sentiment: Adobe is bringing Photoshop, Firefly, Acrobat, Express, Premiere, InDesign and more than 70 creative tools directly into Slack through an Adobe for Slack MCP app. Broader distribution through Slackbot could increase product usage, support AI adoption and create additional conversion opportunities. Adobe is making its tools available in Slack
• Positive Sentiment: Royal Bank of Canada raised its Adobe price target to $315 from $285 and maintained an “outperform” rating, citing potential upside from AI growth. Citi also raised its target to $301 ahead of Adobe’s fiscal third-quarter results, expecting a possible beat and raised outlook. Citi boosts Adobe price target before Q3 results
• Neutral Sentiment: Adobe’s $4 billion Saudi Arabia initiative will provide free access to AI tools for approximately 27 million people. The program could accelerate long-term adoption, but the headline figure represents the potential value of subscriptions rather than an immediate payment or revenue contribution. Saudi Arabia Adobe AI access initiative
• Negative Sentiment: Investors remain concerned that Google’s new AI image-creation and editing tool could pressure Adobe’s creative-software franchise. Canva, Figma and other AI-native competitors are also challenging Adobe’s moat, while analysts question how quickly Firefly and other AI products will convert free users into paying subscribers. Google AI competition could pressure Adobe
• Negative Sentiment: Although Adobe recently exceeded earnings and revenue expectations, its reduced annual revenue outlook has kept attention on slowing legacy Creative growth and the sustainability of subscription expansion. The next major catalyst is fiscal third-quarter earnings, scheduled for September 10. Adobe earnings outlook and analyst concerns

Adobe Trading Down 2.2%

ADBE opened at $279.79 on Thursday. 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 Inc. has a one year low of $190.12 and a one year high of $370.86. The company has a market cap of $111.22 billion, a P/E ratio of 16.01, a PEG ratio of 1.00 and a beta of 1.42. The business’s 50-day simple moving average is $246.07 and its 200-day simple moving average is $245.51.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company 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. As a group, equities research analysts expect that Adobe Inc. will post 19.81 EPS for the current fiscal year.

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.