QRG Capital Management Inc. Buys 5,419 Shares of Adobe Inc. $ADBE

QRG Capital Management Inc. lifted its position in Adobe Inc. (NASDAQ:ADBE) by 8.7% in the first quarter, Holdings Channel reports. The firm owned 67,476 shares of the software company’s stock after buying an additional 5,419 shares during the period. QRG Capital Management Inc.’s holdings in Adobe were worth $16,402,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ADBE. SWAN Capital LLC raised its position in Adobe by 43.1% during the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after purchasing an additional 31 shares in the last quarter. Logan Capital Management Inc. lifted its holdings in shares of Adobe by 0.3% in the 3rd quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock worth $3,453,000 after buying an additional 32 shares during the period. Peoples Bank KS grew its position in shares of Adobe by 1.6% during the 4th quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock worth $714,000 after buying an additional 33 shares in the last quarter. Rosenberg Matthew Hamilton grew its position in shares of Adobe by 16.1% during the 4th quarter. Rosenberg Matthew Hamilton now owns 245 shares of the software company’s stock worth $86,000 after buying an additional 34 shares in the last quarter. Finally, Marquette Asset Management LLC increased its stake in shares of Adobe by 72.3% during the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after buying an additional 34 shares during the period. Institutional investors own 81.79% of the company’s stock.

Insider Activity

In other news, Director David A. Ricks purchased 10,000 shares of the 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 acquisition, the director owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the transaction, the chief financial officer directly owned 42,833 shares in the company, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 77,091 shares of company stock valued at $18,782,773 over the last 90 days. 0.20% of the stock is currently owned by corporate insiders.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: HSBC upgraded Adobe to Buy and said AI concerns have created an overly pessimistic valuation, helping fuel a rally in the stock. This Adobe analyst is going against the grain by telling investors to buy the stock
• Positive Sentiment: Adobe is expanding its AI push with Firefly Foundry and a broader freemium funnel, which could increase adoption of its creative tools and support longer-term growth. Adobe (ADBE) Launches Firefly Foundry As It Pushes AI Tools To More Users
• Positive Sentiment: An insider reportedly increased his Adobe stake by 130%, signaling internal confidence in the company’s turnaround and AI strategy. 1 Adobe Insider Just Boosted His Stake by 130%. Why He Is Betting Big on ADBE Right Now.
• Neutral Sentiment: Several articles highlighted Adobe as a long-term value or “best SaaS stock” idea, but these were largely opinion pieces rather than new fundamental updates. Why Adobe Systems (ADBE) is a Top Value Stock for the Long-Term
• Neutral Sentiment: Commentary from analysts and investors continued to debate whether Adobe’s growth is slowing or whether the market is underestimating its resilience against AI disruption. Analyst Sees Slower Growth Tempering Outlook for Adobe (ADBE)
• Negative Sentiment: Phillip Securities downgraded Adobe to Neutral from Buy and cut its price target sharply, reflecting concern that growth may slow even as legacy software remains durable. Analyst Sees Slower Growth Tempering Outlook for Adobe (ADBE)

Adobe Stock Performance

ADBE opened at $219.72 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The firm has a market cap of $87.34 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 0.77 and a beta of 1.43. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $386.60. The stock has a fifty day moving average price of $232.91 and a 200-day moving average price of $265.14.

Adobe (NASDAQ:ADBE) last issued 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 return on equity of 65.11% and a net margin of 28.69%.The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter last year, the company earned $5.06 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts anticipate that Adobe Inc. will post 19.8 earnings per share for the current fiscal year.

Adobe declared that its Board of Directors has initiated a share repurchase program on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to repurchase up to 24.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. TD Cowen decreased their price objective on Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a report on Monday, June 8th. Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Robert W. Baird cut their target price on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. KeyCorp reduced their price target on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a report on Friday, June 12th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adobe in a research report on Wednesday, June 3rd. Six analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $278.40.

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.