Adobe Inc. $ADBE Shares Acquired by Saudi Central Bank

Saudi Central Bank lifted its stake in Adobe Inc. (NASDAQ:ADBE) by 83.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,294 shares of the software company’s stock after purchasing an additional 12,843 shares during the quarter. Saudi Central Bank’s holdings in Adobe were worth $5,801,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ADBE. Measured Wealth Private Client Group LLC acquired a new stake in Adobe during the third quarter worth $26,000. Western Pacific Wealth Management LP purchased a new position in shares of Adobe during the 4th quarter worth $26,000. TrustBank purchased a new position in shares of Adobe during the 4th quarter worth $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of Adobe during the 2nd quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Adobe during the 4th quarter worth about $31,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe raised Anil Chakravarthy, president of its Customer Experience Orchestration business and worldwide field operations, to president and CEO effective December 1. Chakravarthy has overseen several AI products, while longtime CEO Shantanu Narayen will become executive chair, potentially supporting continuity as Adobe accelerates its AI strategy. Adobe Announces CEO Transition
• Positive Sentiment: RBC raised its price target to $315 from $285 and maintained an Outperform rating ahead of Adobe’s fiscal third-quarter results, citing the potential for annual recurring revenue to exceed expectations. Adobe reports on September 10, making recurring-revenue growth a key near-term catalyst. RBC Raises Adobe Price Target
• Positive Sentiment: Adobe expanded its AI and marketing ecosystem by acquiring Indian startup Rilo and integrating more than 70 creative tools—including Photoshop, Firefly and Acrobat—into Slack. These initiatives could improve workflow integration and strengthen enterprise adoption. Adobe Launches Slack App
• Neutral Sentiment: Analysts remain divided ahead of earnings: some see valuation upside if ARR reaccelerates, while others maintain Hold ratings because Adobe must demonstrate that its AI investments can revive growth and support a higher multiple.
• Negative Sentiment: The CEO announcement surprised investors because it came shortly before earnings and selected Chakravarthy rather than another business leader some investors reportedly expected. Reports also pointed to a separate executive departure, raising concerns about further leadership turnover. Why Adobe Stock Is Dropping
• Negative Sentiment: Adobe continues to face fears that AI-native rivals and new tools from major technology companies could pressure its creative-software franchise, user growth and pricing power. Stronger employment data also increased expectations for a hawkish Federal Reserve, weighing on software and other growth stocks broadly. U.S. Stocks End Lower

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $266.51 on Monday. The firm has a market capitalization of $105.94 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.93 and a beta of 1.42. Adobe Inc. has a 1 year low of $190.12 and a 1 year 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’s 50-day moving average is $249.19 and its two-hundred day moving average is $245.68.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating 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 firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the business posted $5.06 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Analysts predict that Adobe Inc. will post 19.81 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ADBE shares. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research note on Saturday. Morgan Stanley lowered shares of Adobe from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $365.00 to $240.00 in a report on Tuesday, July 21st. The Goldman Sachs Group lowered their price objective on shares of Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a research report on Friday, June 12th. Wells Fargo & Company dropped their target price on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Finally, DA Davidson cut their target price on Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $278.72.

Insider Buying and Selling at Adobe

In related news, Director David A. Ricks acquired 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the purchase, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 approximately $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.20% of the company’s stock.

Adobe 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.