Adobe Inc. $ADBE Shares Acquired by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services increased its position in Adobe Inc. (NASDAQ:ADBE) by 32.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,949 shares of the software company’s stock after purchasing an additional 6,102 shares during the quarter. Adobe accounts for 1.3% of First National Bank of Mount Dora Trust Investment Services’ portfolio, making the stock its 29th largest position. First National Bank of Mount Dora Trust Investment Services’ holdings in Adobe were worth $6,065,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ADBE. Norges Bank purchased a new position in Adobe in the 4th quarter valued at about $2,275,165,000. AQR Capital Management LLC increased its position in shares of Adobe by 55.2% during the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after acquiring an additional 920,353 shares during the last quarter. Amundi increased its position in shares of Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after acquiring an additional 742,646 shares during the last quarter. State of Michigan Retirement System lifted its stake in shares of Adobe by 566.1% in the first quarter. State of Michigan Retirement System now owns 820,823 shares of the software company’s stock worth $199,526,000 after acquiring an additional 697,600 shares in the last quarter. Finally, AMF Tjanstepension AB acquired a new position in shares of Adobe in the first quarter worth about $167,494,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Performance

Shares of NASDAQ ADBE opened at $250.41 on Monday. 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 stock’s 50 day moving average price is $226.69 and its two-hundred day moving average price is $248.28. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $370.86. The stock has a market capitalization of $99.54 billion, a P/E ratio of 14.33, a PEG ratio of 0.84 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last issued its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $5.06 EPS. 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, analysts anticipate that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Adobe declared that its Board of Directors has approved a share buyback plan on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in shares. This repurchase authorization authorizes the software company to purchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s latest AI acquisition reportedly cleared Washington without significant regulatory obstacles, removing a potential deal risk and strengthening the company’s efforts to expand AI-powered creative tools. Adobe’s latest AI acquisition just breezed through Washington
• Positive Sentiment: Recent commentary argues that AI is enhancing Adobe’s business rather than replacing it, potentially supporting new monetization opportunities, stronger customer engagement and a rebuilding of the company’s growth engine. Adobe’s latest quarterly results also showed roughly 13% year-over-year revenue growth and performance above analyst expectations. Adobe: How AI Is Enhancing Its Business, Not Killing It
• Positive Sentiment: Investors are also considering ways to participate in Adobe’s AI upside while hedging risks, suggesting that the stock remains a significant target for AI-related trading and positioning. As Adobe monetizes AI, here’s a way to trade it and hedge against risks
• Neutral Sentiment: Analyst and investor views remain divided. Some see Adobe’s valuation and free-cash-flow generation as attractive, while others remain concerned about AI disruption, software-sector weakness and the need to restore faster growth. Adobe Stock Trades Below The Market on Earnings While Its Growth Engine Is Being Rebuilt
• Negative Sentiment: Adobe Chief Accounting Officer Jillian Forusz sold 416 shares worth approximately $110,000. The transaction was relatively small, but it adds to a pattern of insider selling that may weigh modestly on sentiment. SEC Form 4 filing
• Negative Sentiment: A reported collapse of a highly leveraged AI hedge fund and forced selling of AI-infrastructure positions could reinforce broader caution around crowded AI trades and software-sector volatility, although it does not directly affect Adobe’s operations. AI hedge fund collapses after margin calls

Insiders Place Their Bets

In other Adobe 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 value of $109,961.28. Following the completion of the transaction, the chief accounting officer owned 3,824 shares of the company’s stock, valued at $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David A. Ricks bought 10,000 shares of the stock in a transaction on Thursday, June 25th. The shares were acquired 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 $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ADBE. Bank of America restated an “underperform” rating and set a $190.00 price objective on shares of Adobe in a research note on Tuesday, July 7th. JPMorgan Chase & Co. cut their target price on Adobe from $420.00 to $340.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Jefferies Financial Group reduced their target price on Adobe from $290.00 to $230.00 and set a “hold” rating for the company in a research note 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 report on Friday, June 12th. Finally, DA Davidson dropped their price target on shares of Adobe from $300.00 to $250.00 and set a “buy” rating for the company in a research note on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, Adobe has a consensus rating of “Hold” and a consensus target price of $271.30.

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.