Wellington Grp LLC Has $1.51 Million Stake in Adobe Inc. $ADBE

Wellington Grp LLC grew its position in Adobe Inc. (NASDAQ:ADBE) by 285.3% during the first quarter, HoldingsChannel reports. The firm owned 6,227 shares of the software company’s stock after buying an additional 4,611 shares during the period. Wellington Grp LLC’s holdings in Adobe were worth $1,514,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ADBE. Western Pacific Wealth Management LP acquired a new position in Adobe in the fourth quarter valued at $26,000. Measured Wealth Private Client Group LLC bought a new stake in Adobe during the third quarter valued at $26,000. Marquette Asset Management LLC grew its holdings in Adobe by 72.3% during the 4th quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after acquiring an additional 34 shares during the period. TrustBank acquired a new stake in Adobe during the 4th quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of Adobe in the 4th quarter worth about $31,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ADBE. Stifel Nicolaus reissued a “hold” rating and issued a $200.00 price objective (down from $350.00) on shares of Adobe in a research note on Friday, June 12th. HSBC upgraded Adobe from a “hold” rating to a “buy” rating and lifted their target price for the stock from $282.00 to $308.00 in a report on Thursday, July 2nd. Piper Sandler dropped their price target on Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research note on Friday, June 12th. Evercore set a $225.00 price target on Adobe and gave the stock an “in-line” rating in a report on Friday, June 12th. Finally, BMO Capital Markets reduced their price objective on shares of Adobe from $285.00 to $230.00 and set a “market perform” rating for the company in a research report on Friday, June 12th. Seven investment 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $271.30.

Adobe Stock Up 1.0%

Shares of NASDAQ:ADBE opened at $250.41 on Friday. The business’s 50 day moving average is $226.69 and its 200 day moving average is $248.84. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $370.86. The stock has a market cap of $99.54 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.83 and a beta of 1.43. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 EPS 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 business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the prior year, the firm posted $5.06 EPS. Adobe’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. On average, sell-side analysts forecast that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Adobe declared that its board has initiated a stock repurchase plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the software company to repurchase up to 24.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

More Adobe News

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

Insider Buying and Selling at Adobe

In other news, Director David A. Ricks purchased 10,000 shares of the business’s stock in a transaction that occurred on 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 acquisition, the director owned 17,655 shares in the company, valued at $3,434,074.05. This trade 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 link. Also, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the sale, the chief accounting officer directly 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.20% of the company’s stock.

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.