Wealthfront Advisers LLC Buys 4,138 Shares of Adobe Inc. $ADBE

Wealthfront Advisers LLC grew its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 7.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 59,317 shares of the software company’s stock after buying an additional 4,138 shares during the period. Wealthfront Advisers LLC’s holdings in Adobe were worth $14,419,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC bought a new stake in Adobe during the 3rd quarter worth approximately $26,000. Western Pacific Wealth Management LP purchased a new position in Adobe during the fourth quarter valued at approximately $26,000. Beacon Financial Strategies CORP bought a new position in shares of Adobe in the fourth quarter worth approximately $28,000. TrustBank purchased a new stake in shares of Adobe in the fourth quarter worth $28,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Adobe in the third quarter worth $27,000. 81.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research note on Friday, June 12th. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Evercore set a $225.00 price target on Adobe and gave the company an “in-line” rating in a report on Friday, June 12th. Citizens Jmp restated a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $190.00 price objective on shares of Adobe in a research note on Tuesday, July 7th. Six analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Adobe currently has an average rating of “Hold” and an average target price of $275.00.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Several recent commentary pieces argue Adobe is a compelling buying opportunity after its pullback, with bullish takes saying fear around “SaaSpocalypse” is fading and that the company’s long-standing software moat still supports the stock. Adobe: Generational Buying Opportunity As SaaSpocalypse Fear Fades
• Positive Sentiment: Adobe is also being highlighted in broader AI and digital commerce discussions, with its generative AI initiatives and prior Rephrase.AI acquisition cited as supporting future growth in content creation and marketing tools. E-Commerce Update – AI Transforming Digital Retail Through Innovation and Connectivity
• Positive Sentiment: Momentum-focused coverage from Zacks described Adobe as a top-ranked momentum stock, reinforcing the view that the shares could continue to attract buyers. Adobe Systems (ADBE) is a Top-Ranked Momentum Stock: Should You Buy?
• Neutral Sentiment: Some articles discuss Adobe within broader software valuation and AI-moat themes, but they are more industry commentary than direct catalysts for Adobe’s fundamentals. Alpha Buying: The Real Moats AI Can’t Replace
• Negative Sentiment: One piece suggests users can replace Adobe Acrobat with a faster open-source PDF toolkit, which may add to investor concerns about competition and pressure on Adobe’s document workflow business. I replaced Adobe Acrobat with a 10x faster, browser-based open-source PDF toolkit

Adobe Stock Performance

ADBE opened at $235.31 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $93.54 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.76 and a beta of 1.43. The company has a fifty day moving average of $228.89 and a 200 day moving average of $256.32. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $376.16.

Adobe (NASDAQ:ADBE) last announced its quarterly 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 business had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, sell-side analysts forecast that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

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

Insider Transactions at Adobe

In related news, CAO Jillian Forusz sold 755 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the transaction, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the transaction, the chief financial officer owned 42,833 shares of the company’s stock, valued at $10,623,440.66. This represents 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 three months. Corporate insiders own 0.20% of the company’s stock.

Adobe Company 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.