5,719 Shares in Adobe Inc. $ADBE Acquired by Rare Wolf Capital LLC

Rare Wolf Capital LLC acquired a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the 4th quarter, HoldingsChannel reports. The firm acquired 5,719 shares of the software company’s stock, valued at approximately $2,002,000. Adobe accounts for approximately 1.3% of Rare Wolf Capital LLC’s portfolio, making the stock its 16th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Adobe by 1.7% during the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after buying an additional 352,448 shares during the last quarter. Geode Capital Management LLC grew its position in Adobe by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock valued at $4,027,170,000 after acquiring an additional 414,049 shares during the last quarter. Norges Bank bought a new position in Adobe in the fourth quarter valued at about $2,275,165,000. Arrowstreet Capital Limited Partnership raised its stake in Adobe by 10.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,228,503 shares of the software company’s stock worth $2,179,914,000 after acquiring an additional 611,358 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Adobe by 17.9% in the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after acquiring an additional 742,646 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Adobe

In related news, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the transaction, the chief executive officer directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 77,091 shares of company stock valued at $18,782,773. Corporate insiders own 0.20% of the company’s stock.

Adobe Price Performance

Shares of NASDAQ:ADBE opened at $195.64 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $392.58. The stock’s 50 day moving average is $241.25 and its 200-day moving average is $275.02. The firm has a market capitalization of $77.77 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 0.69 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 (EPS) for the quarter, beating the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. Adobe’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm posted $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. Sell-side analysts forecast that Adobe Inc. will post 19.73 EPS for the current fiscal year.

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

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe unveiled a major expansion of its creative agent across Firefly and Creative Cloud, including Photoshop and Premiere, to automate multi-step workflows and improve productivity. Adobe Unveils Major Expansion of Creative Agent Across Firefly and Creative Cloud Apps Including Photoshop and Premiere
• Positive Sentiment: The company added its AI assistant to Premiere, Illustrator, InDesign and Frame.io, extending agentic AI capabilities deeper into its core workflow tools. Adobe adds its AI assistant to Premiere, Illustrator and InDesign
• Positive Sentiment: Adobe introduced GenStudio for Commerce Media Networks and Brand Visibility, new AI-focused offerings aimed at helping customers manage content, improve discoverability, and drive marketing results. Introducing Adobe Brand Visibility: A Unified Solution for the AI Search Era
• Positive Sentiment: Adobe and LinkedIn launched a global AI skills initiative, reinforcing Adobe’s ecosystem and positioning in AI education and marketing workflows. Adobe and LinkedIn Launch Global AI Skills Initiative to Empower the Next Generation of Marketers

Wall Street Analyst Weigh In

ADBE has been the topic of a number of research analyst reports. Jefferies Financial Group reduced their price target on shares of Adobe from $290.00 to $230.00 and set a “hold” rating on the stock in a research note on Friday, June 12th. BTIG Research initiated coverage on shares of Adobe in a research note on Monday, April 13th. They set a “neutral” rating on the stock. Argus reissued a “hold” rating on shares of Adobe in a report on Monday, March 16th. 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 report on Friday, June 12th. Finally, Wolfe Research downgraded Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $278.16.

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.