OP Asset Management Ltd Invests $23.06 Million in Adobe Inc. $ADBE

OP Asset Management Ltd bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 94,884 shares of the software company’s stock, valued at approximately $23,064,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its holdings in shares of Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after buying an additional 167 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after acquiring an additional 486 shares during the last quarter. United Bank boosted its stake in Adobe by 12.8% in the second quarter. United Bank now owns 3,773 shares of the software company’s stock valued at $1,460,000 after acquiring an additional 428 shares in the last quarter. Schnieders Capital Management LLC. boosted its stake in Adobe by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock valued at $1,017,000 after acquiring an additional 190 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Adobe by 190.6% during the second quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock worth $1,069,000 after purchasing an additional 1,813 shares during the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ADBE has been the topic of a number of research reports. KeyCorp dropped their price target on Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research note on Friday, June 12th. Wolfe Research lowered shares of Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 12th. Argus restated a “hold” rating on shares of Adobe in a research note on Monday, March 16th. Evercore set a $225.00 price objective on Adobe and gave the company an “in-line” rating in a research note on Friday, June 12th. Finally, UBS Group set a $365.00 price target on Adobe in a report on Friday, June 12th. Five equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, Adobe presently has an average rating of “Hold” and a consensus target price of $278.16.

Insider Transactions at Adobe

In other news, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $248.02, for a total transaction of $331,354.72. Following the sale, the chief financial officer owned 42,833 shares of the company’s stock, valued at $10,623,440.66. The trade was a 3.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were 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 directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,091 shares of company stock valued at $18,782,773 in the last quarter. 0.20% of the stock is currently owned by corporate insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe Analytics said first-day U.S. online spending for Amazon Prime Day reached $8.3 billion, and it raised its estimate for total four-day retail-event spending to $26.3 billion, up 9% year over year. That supports Adobe’s analytics franchise and reinforces its visibility into consumer commerce trends. Reuters article
• Positive Sentiment: Several commentary pieces argued the recent selloff may be overdone, calling Adobe undervalued or “priced for too much bad news.” One model projected a rebound toward $253 in one quarter and $231 in two quarters, while other analysts highlighted Adobe’s strong cash generation and lower valuation. Benzinga article
• Positive Sentiment: Adobe announced a major expansion of its Creative Agent across Firefly and Creative Cloud, which could help strengthen its AI product lineup and improve customer adoption over time. Yahoo Finance article
• Positive Sentiment: Bearish takeovers of the stock were countered by articles framing Adobe as a “dirt-cheap” tech giant and a potential rebound play after a steep decline, which may be helping limit downside. Motley Fool article
• Neutral Sentiment: Some articles focused on whether Adobe’s freemium strategy and AI transition can reaccelerate growth, but investor skepticism remains high and no clear catalyst has been proven yet. Motley Fool article
• Negative Sentiment: Some analysts warned that margins could deteriorate and that the market is still pricing in substantial AI-related disruption, which keeps pressure on the stock despite its lower valuation. Seeking Alpha article

Adobe Stock Down 0.4%

Shares of NASDAQ ADBE opened at $196.61 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $392.58. The firm has a 50-day moving average price of $238.24 and a 200 day moving average price of $271.38. The stock has a market capitalization of $78.15 billion, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 0.69 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS 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 firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the previous year, the firm earned $5.06 earnings per share. The firm’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. Equities research analysts anticipate that Adobe Inc. will post 19.8 EPS for the current fiscal year.

Adobe announced that its board has approved a stock repurchase program on Tuesday, April 21st that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the software company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are 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.