Empowered Funds LLC Raises Stock Holdings in Adobe Inc. $ADBE

Empowered Funds LLC increased its stake in Adobe Inc. (NASDAQ:ADBE) by 28.4% during the 1st quarter, Holdings Channel reports. The firm owned 91,759 shares of the software company’s stock after purchasing an additional 20,315 shares during the quarter. Empowered Funds LLC’s holdings in Adobe were worth $22,305,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in Adobe in the 4th quarter worth approximately $2,275,165,000. AQR Capital Management LLC boosted its stake in shares of Adobe by 55.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after purchasing an additional 920,353 shares in the last quarter. Amundi grew its holdings in shares of Adobe by 17.9% during the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after purchasing an additional 742,646 shares during the last quarter. State of Michigan Retirement System raised its position in Adobe by 566.1% in the 1st quarter. State of Michigan Retirement System now owns 820,823 shares of the software company’s stock worth $199,526,000 after purchasing an additional 697,600 shares during the period. Finally, AMF Tjanstepension AB purchased a new position in Adobe in the 1st quarter worth $167,494,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. The Goldman Sachs Group cut their price target 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. CLSA began coverage on Adobe in a report on Monday, July 20th. They issued an “outperform” rating and a $300.00 price objective on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Adobe in a research note on Wednesday, June 3rd. Piper Sandler dropped their target price on Adobe from $280.00 to $240.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Finally, UBS Group lowered Adobe from a “buy” rating to an “equal weight” rating in a research report on Tuesday, July 21st. Seven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and six have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $271.30.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe benefited from a rebound in software stocks after recent IBM-driven jitters eased. A more favorable sector backdrop helped restore investor interest in enterprise software names, including ADBE. Adobe Stock Rises as Enterprise Software Sentiment Rebounds
• Positive Sentiment: Acxiom research on organizations using or planning to use Adobe CX Enterprise highlights continued enterprise demand for Adobe’s marketing-technology products and the potential for customers to realize more value from their investments. Beyond Satisfaction: How Brands Can Unlock Hidden Value in Their Martech Stack
• Positive Sentiment: Adobe’s planned participation in the Open Source AI Cybersecurity Alliance could strengthen its credibility around trusted and secure AI, an increasingly important issue for enterprise customers. The immediate financial impact is uncertain. Adobe Joins Open Source AI Cybersecurity Alliance
• Positive Sentiment: Analysts are anticipating double-digit year-over-year EPS growth in Adobe’s upcoming third-quarter report, keeping earnings execution and forward guidance as potential catalysts. What to Expect From Adobe’s Q3 2026 Earnings Report

Insiders Place Their Bets

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 755 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the transaction, the chief accounting officer owned 3,521 shares in the company, valued at $867,046.25. This represents a 17.66% decrease in their position. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by insiders.

Adobe Price Performance

Shares of Adobe stock opened at $249.18 on Wednesday. The firm has a market cap of $99.05 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $376.16. 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 company’s fifty day simple moving average is $226.30 and its two-hundred day simple moving average is $249.96.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the previous year, the company earned $5.06 earnings per share. The company’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 analysts expect that Adobe Inc. will post 19.81 EPS for the current year.

Adobe announced that its board has authorized a stock buyback plan on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to purchase up to 24.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.