2,085 Shares in Adobe Inc. $ADBE Bought by Van Hulzen Asset Management LLC

Van Hulzen Asset Management LLC purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,085 shares of the software company’s stock, valued at approximately $427,000.

A number of other hedge funds also recently bought and sold shares of ADBE. Measured Wealth Private Client Group LLC acquired a new position in Adobe during the 3rd quarter worth approximately $26,000. Western Pacific Wealth Management LP acquired a new stake in shares of Adobe in the 4th quarter valued at $26,000. TrustBank purchased a new stake in shares of Adobe during the 4th quarter worth $28,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Adobe during the 4th quarter worth $31,000. Finally, Sankala Group LLC acquired a new position in shares of Adobe during the fourth quarter worth $31,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity

In other news, Director David A. Ricks purchased 10,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were bought at an average price 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 in the company, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by insiders.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $273.92 on Wednesday. The company’s fifty day moving average price is $235.34 and its 200 day moving average price is $244.64. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $370.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The firm has a market capitalization of $108.88 billion, a P/E ratio of 15.67, a P/E/G ratio of 0.93 and a beta of 1.40.

Adobe (NASDAQ:ADBE) last released 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 in the prior 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. As a group, sell-side analysts predict that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. CLSA assumed coverage on Adobe in a report on Monday, July 20th. They issued an “outperform” rating and a $300.00 target price on the stock. TD Cowen decreased their price target on Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a report on Monday, June 8th. Robert W. Baird lowered their price objective on Adobe from $270.00 to $230.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Dbs Bank downgraded Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, Citigroup reissued a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Seven investment 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $270.96.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s Firefly initiative is expanding into video soundtracks, potentially increasing the commercial value of its generative-AI ecosystem and supporting future monetization. Adobe wants Firefly to handle the entire soundtrack for your videos
• Positive Sentiment: Analysts and investment commentary point to Adobe’s discounted valuation, strong cash flow and accelerating AI adoption as reasons the stock could be a contrarian opportunity after a prolonged decline. Why Adobe Could Be One of 2026’s Most Contrarian Tech Bets
• Positive Sentiment: Adobe recently rebounded about 16% in a month, while valuation screens suggest the shares may be below fair value following record revenue and continued business growth. Adobe Stock May Be Below Fair Value After Record Revenue
• Neutral Sentiment: The latest short-interest entry reports zero shares and an unusable percentage change, indicating no reliable evidence of a meaningful shift in bearish positioning.
• Neutral Sentiment: Adobe’s latest reported quarter showed revenue growth and earnings above consensus, with management maintaining fiscal 2026 guidance; however, those results are not new and appear largely reflected in the current valuation.
• Negative Sentiment: Commentary remains cautious because Adobe faces intense competition in generative AI and must sustain heavy AI investment, leading one analysis to rate the stock a “hold” despite its valuation appeal. Adobe Rises 16% in a Month: Should You Buy, Sell or Hold the Stock?
• Negative Sentiment: Some investors question whether Adobe is losing its competitive edge even as AI adoption grows, increasing pressure on the company to convert product usage into durable revenue. Is Adobe Losing Its Edge Despite Strong AI Adoption?
• Negative Sentiment: A broader market call for a rotation away from technology stocks may be weighing on software names, including Adobe, regardless of its company-specific fundamentals. Jim Cramer’s Call on the Market’s Next Big Rotation

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.