4,502 Shares in Adobe Inc. $ADBE Bought by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. purchased a new position in Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,502 shares of the software company’s stock, valued at approximately $923,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADBE. BlackRock Inc. bought a new position in shares of Adobe during the 2nd quarter worth about $8,437,821,000. State Street Corp raised its stake in Adobe by 1.7% during the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after buying an additional 352,448 shares during the period. Geode Capital Management LLC raised its stake in Adobe by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock worth $4,027,170,000 after buying an additional 414,049 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Adobe by 9.1% in 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 acquiring an additional 563,772 shares in the last quarter. Finally, Norges Bank bought a new position in Adobe in the fourth quarter worth approximately $2,275,165,000. 81.79% of the stock is owned by institutional investors.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bank of America raised its Adobe price target, citing the company’s potential to monetize AI and its positioning within a broader software-sector rally. The forecast increase has reinforced bullish sentiment toward ADBE. Bank of America price-target increase
• Positive Sentiment: Adobe expanded Firefly’s capabilities by making AI-generated music, voiceovers, and sound effects broadly available. The move strengthens Adobe’s creative-AI product portfolio and could support new user adoption, engagement, and revenue opportunities. Adobe Firefly audio tools
• Positive Sentiment: An Adobe survey reported that 87% of creators say AI is helping them grow their businesses. The findings support demand for Adobe’s AI tools, although survey data is not a direct measure of financial performance. Adobe creator AI report
• Neutral Sentiment: Several analysts and market commentators describe Adobe’s valuation as attractive after its recovery, with some viewing the rebound as the beginning of a stronger turnaround. However, the stock’s outlook remains dependent on converting AI interest into sustained growth and cash flow. Adobe recovery analysis
• Negative Sentiment: Adobe has risen roughly 45% from its 2026 low, prompting caution that much of the near-term recovery may already be priced in. One analysis recommends taking some profits despite still-reasonable valuation metrics. Adobe rally and valuation analysis
• Negative Sentiment: Commentary warning that profitability alone cannot protect companies from intensifying competition highlights a longer-term risk for Adobe, particularly as generative-AI rivals pressure pricing and product differentiation. Profitability and competition analysis

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group lowered their target price on Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research report on Friday, June 12th. Wolfe Research downgraded shares of Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 12th. Sanford C. Bernstein decreased their price target on shares of Adobe from $447.00 to $379.00 and set an “outperform” rating for the company in a research note on Friday, June 12th. Piper Sandler dropped their target price on Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Finally, Morgan Stanley downgraded Adobe from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $365.00 to $240.00 in a research note on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $270.96.

Adobe Stock Performance

Shares of ADBE opened at $275.30 on Monday. The firm has a market cap of $109.43 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.93 and a beta of 1.40. The firm has a 50 day moving average price of $232.61 and a 200-day moving average price of $244.65. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $370.86. 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 (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping the consensus estimate of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the previous year, the business earned $5.06 earnings per share. The company’s quarterly 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. As a group, equities research analysts forecast that Adobe Inc. will post 19.8 earnings per share for the current year.

Insider Activity at Adobe

In related news, Director David A. Ricks bought 10,000 shares of the business’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 purchase, the director owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the transaction, the chief accounting officer owned 3,824 shares in the company, valued at $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 company 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.