34,654 Shares in Adobe Inc. $ADBE Acquired by Madison Asset Management LLC

Madison Asset Management LLC acquired a new stake in Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 34,654 shares of the software company’s stock, valued at approximately $7,105,000.

A number of other hedge funds have also recently added to or reduced their stakes in ADBE. BlackRock Inc. acquired a new position in shares of Adobe during the second quarter worth $8,437,821,000. Norges Bank bought a new stake in Adobe during the 4th quarter worth $2,275,165,000. Bank of New York Mellon Corp acquired a new position in Adobe in the 2nd quarter worth about $954,468,000. Deutsche Bank AG acquired a new position in Adobe in the 2nd quarter worth about $750,203,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Adobe in the second quarter valued at about $211,248,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Price Performance

Shares of ADBE opened at $272.47 on Thursday. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $370.86. 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 business’s 50 day moving average price is $230.10 and its two-hundred day moving average price is $244.93. The firm has a market cap of $108.31 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40.

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, topping analysts’ consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business 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. On average, equities analysts anticipate that Adobe Inc. will post 19.81 EPS for the current year.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s recent rally has been supported by improving short-term momentum and a broader rotation out of semiconductor stocks into lagging technology names. The company is also viewed by some analysts as undervalued after its earlier decline. Netflix, Salesforce, and Adobe Rally as Investors Rotate Out of Semiconductors and Into Beaten Down Stocks Is It Too Late to Buy Adobe Inc After Rally? GF Value Says Undervalued
• Positive Sentiment: Adobe’s freemium strategy for AI-powered tools— including holding off on some price increases to expand its user base—could accelerate adoption and support the company’s goal of double-digit annual recurring-revenue growth. Analysts also continue to favor Adobe over DocuSign, citing its stronger competitive position. Is Adobe Below Fair Value On Its Freemium AI Push?
• Neutral Sentiment: A dispute involving Rebel Creamery’s packaging design created with Adobe Illustrator has led to a court-ordered rebrand and Rebel’s Chapter 11 filing. The matter concerns an Adobe software user and does not appear to create a material financial impact for Adobe. How a DIY Adobe Illustrator Design Landed Rebel Creamery in a $23.8 Million Fight
• Negative Sentiment: Bank of America raised its price target but retained an “underperform” rating. Its new target remains materially below Adobe’s recent trading level, signaling concern that the rally may have outpaced the company’s near-term fundamentals. Bank of America Raises Adobe Price Target While Maintaining Underperform Rating

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 416 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the transaction, the chief accounting officer owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This represents a 9.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director David A. Ricks bought 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The stock was purchased at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the purchase, the director owned 17,655 shares in the company, valued at $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group lowered Adobe from a “buy” rating to an “equal weight” rating in a research note on Tuesday, July 21st. Evercore set a $225.00 price objective on shares of Adobe and gave the company an “in-line” rating in a report on Friday, June 12th. KeyCorp cut their target price on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research report on Friday, June 12th. CLSA began coverage on shares of Adobe in a report on Monday, July 20th. They set an “outperform” rating and a $300.00 target price on the stock. Finally, Citizens Jmp reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Adobe presently has an average rating of “Hold” and an average target price of $270.96.

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.