Summit Global Investments Has $1.94 Million Stake in Adobe Inc. $ADBE

Summit Global Investments decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 33.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,979 shares of the software company’s stock after selling 3,934 shares during the quarter. Summit Global Investments’ holdings in Adobe were worth $1,940,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADBE. Measured Wealth Private Client Group LLC bought a new position in shares of Adobe in the third quarter valued at about $26,000. Western Pacific Wealth Management LP bought a new stake in Adobe during the 4th quarter worth about $26,000. Beacon Financial Strategies CORP bought a new stake in Adobe during the 4th quarter worth about $28,000. TrustBank bought a new position in shares of Adobe in the fourth quarter worth about $28,000. Finally, Marquette Asset Management LLC raised its stake in shares of Adobe by 72.3% in the fourth 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 last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on ADBE shares. JPMorgan Chase & Co. decreased their price target on shares of Adobe from $420.00 to $340.00 and set an “overweight” rating on the stock in a research note on Friday, June 12th. Dbs Bank cut shares of Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Robert W. Baird reduced their price objective on Adobe from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Finally, Wells Fargo & Company lowered their target price on Adobe from $330.00 to $250.00 and set an “overweight” rating for the company in a research note 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 stock. Based on data from MarketBeat, Adobe currently has an average rating of “Hold” and a consensus price target of $271.30.

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 755 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the transaction, the chief accounting officer owned 3,521 shares of the company’s stock, valued at $867,046.25. This represents a 17.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of the transaction, the chief executive officer owned 359,538 shares in the company, valued at $87,561,884.52. This represents a 17.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.20% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe is adding new AI-powered features to its experimental Project Indigo camera app, including LLM-based photo critiques and editing suggestions, reinforcing the company’s AI product momentum and showing continued innovation in consumer-facing tools. Adobe camera app’s new feature will critique your photos using AI
• Positive Sentiment: Adobe was highlighted as a strong value stock in a Zacks screen, which may support investor confidence by reinforcing the stock’s valuation appeal after its pullback. Here’s Why Adobe Systems (ADBE) is a Strong Value Stock
• Neutral Sentiment: Recent coverage placing Adobe among top digital media stocks to watch does not point to a new catalyst, but it keeps the name on investors’ radar. Top Digital Media Stocks To Watch Today – July 17th
• Neutral Sentiment: Adobe’s stock was noted as dipping more than the broader market in the latest session, suggesting the decline was modest and may have been driven by general trading weakness rather than company-specific bad news. Why Adobe Systems (ADBE) Dipped More Than Broader Market Today
• Negative Sentiment: Adobe CEO Shantanu Narayen sold 4,112 shares for about $923,000, a move some investors may view as a mild negative signal even though it represented only a small reduction in his overall stake. Here’s What the Adobe CEO’s Sale of Company Shares for Over $900,000 Means for Investors.

Adobe Stock Down 1.1%

Shares of NASDAQ ADBE opened at $234.74 on Tuesday. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $376.16. The firm’s 50-day moving average is $228.35 and its 200-day moving average is $254.68. 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 capitalization of $93.31 billion, a PE ratio of 13.43, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping 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 business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the firm posted $5.06 earnings per share. Adobe’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. Equities analysts expect that Adobe Inc. will post 19.81 EPS for the current year.

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

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.