Murphy Pohlad Asset Management LLC Makes New Investment in Adobe Inc. $ADBE

Murphy Pohlad Asset Management LLC bought a new stake in shares of Adobe Inc. (NASDAQ:ADBE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,551 shares of the software company’s stock, valued at approximately $523,000.

Other large investors also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in Adobe by 19,873.5% in the 2nd quarter. California State Teachers Retirement System now owns 125,658,193 shares of the software company’s stock valued at $25,762,443,000 after purchasing an additional 125,029,070 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Adobe in the second quarter valued at about $8,437,821,000. State Street Corp grew its stake in shares of Adobe by 1.7% in the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock valued at $7,277,941,000 after buying an additional 352,448 shares during the period. Geode Capital Management LLC grew its holdings in shares of Adobe by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock worth $4,027,170,000 after purchasing an additional 414,049 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Adobe by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock worth $1,651,066,000 after buying an additional 563,772 shares during the period. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s AI strategy remains a key potential catalyst. Analysts expect fiscal Q3 results to show faster user growth as the company expands access to its generative AI tools, while AI-related annual recurring revenue reportedly exceeded $500 million in the prior quarter. Adobe’s Fiscal Q3 Report Likely to Show Faster User Growth
• Positive Sentiment: Adobe is adding more accessible, “idiot-proof” AI features to Premiere, which could improve adoption among new and less experienced users and help create the next generation of Adobe customers. Adobe is trying to make its AI generators idiot-proof in Premiere
• Positive Sentiment: Some analysts remain constructive: RBC has set a $315 price target as the stock rebounds from multi-year lows, and Adobe’s subscription model continues to provide recurring revenue. Adobe Stock Rebounds as RBC Sets $315 Target
• Neutral Sentiment: Options markets imply a potentially sizable move of about 8% after earnings, highlighting heightened volatility around the report. Adobe previously posted better-than-expected quarterly earnings and revenue and currently guides to fiscal 2026 EPS of $24.35–$24.45. Adobe Stock Could Swing 8% After Q3 Results
• Negative Sentiment: Investor expectations are high after Adobe’s recent recovery, leaving the stock vulnerable if AI monetization, user growth or guidance disappoints. Freemium pricing pressure, rising AI investment and competition from other software providers are also clouding the outlook. Adobe Before Q3 Earnings
• Negative Sentiment: Shantanu Narayen’s move to executive chair after 18 years as CEO and Anil Chakravarthy’s appointment as president and CEO introduce execution risk at a pivotal moment for Adobe’s AI transformation. Adobe Names Anil Chakravarthy President and CEO

Analysts Set New Price Targets

Several brokerages have recently issued reports on ADBE. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research report on Saturday. Freedom Capital lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Barclays upped their target price on shares of Adobe from $250.00 to $295.00 and gave the company an “equal weight” rating in a report on Thursday, September 3rd. Robert W. Baird decreased their price objective on shares of Adobe from $270.00 to $230.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. Finally, TD Cowen reduced their target price on Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a report on Monday, June 8th. Seven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Adobe has a consensus rating of “Hold” and an average target price of $279.32.

Adobe Price Performance

Shares of ADBE stock traded down $9.25 during mid-day trading on Tuesday, reaching $257.26. The stock had a trading volume of 5,483,212 shares, compared to its average volume of 5,797,513. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $370.86. 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 business has a 50-day simple moving average of $251.43 and a 200 day simple moving average of $245.69. The company has a market cap of $102.26 billion, a P/E ratio of 14.72, a price-to-earnings-growth ratio of 0.93 and a beta of 1.42.

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 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 firm posted $5.06 earnings per share. Adobe’s revenue was up 12.7% on a year-over-year basis. 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 anticipate that Adobe Inc. will post 19.81 earnings per share for the current year.

Insider Transactions at Adobe

In other news, Director David A. Ricks bought 10,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was purchased at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the transaction, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jillian Forusz sold 416 shares of the firm’s stock in a transaction that occurred on Wednesday, July 29th. The shares were 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 owned 3,824 shares in the company, valued at $1,010,797.92. The trade was a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company 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.