Susquehanna Fundamental Investments LLC Sells 225,691 Shares of Adobe Inc. $ADBE

Susquehanna Fundamental Investments LLC lowered its stake in Adobe Inc. (NASDAQ:ADBE) by 90.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,025 shares of the software company’s stock after selling 225,691 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Adobe were worth $5,131,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Adobe during the second quarter worth $8,437,821,000. Norges Bank bought a new position in shares of Adobe during the fourth quarter worth about $2,275,165,000. Primecap Management Co. CA acquired a new position in shares of Adobe in the second quarter worth approximately $1,071,668,000. Bank of New York Mellon Corp acquired a new position in shares of Adobe in the second quarter worth approximately $954,468,000. Finally, Deutsche Bank AG bought a new stake in Adobe in the second quarter valued at approximately $750,203,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Price Performance

Adobe stock opened at $292.79 on Tuesday. The stock has a market capitalization of $116.38 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 0.98 and a beta of 1.40. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $370.86. The stock’s 50 day moving average price is $242.63 and its two-hundred day moving average price is $245.19. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The company had revenue of $6.62 billion for 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 quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company 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 predict that Adobe Inc. will post 19.81 earnings per share for the current year.

Insider Activity

In related news, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David A. Ricks purchased 10,000 shares of the business’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 acquisition, the director owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.20% of the stock is currently owned by corporate insiders.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s AI-driven customer-experience business is gaining momentum, with accelerating AI-first annual recurring revenue, broader adoption of AI agents and deeper ecosystem partnerships. The trend supports Adobe’s ability to compete with Salesforce and Microsoft in enterprise software. Adobe’s AI-Driven CXO Growth Strengthens Against CRM & Microsoft
• Positive Sentiment: Improving sentiment toward software stocks is also supportive. Recent earnings from major software companies have suggested that AI is expanding demand rather than rapidly eroding traditional software businesses, easing “SaaSpocalypse” concerns that had pressured the sector. The SaaSpocalypse Trade Is Cracking
• Neutral Sentiment: Adobe expanded its partnership with Saudi Arabia’s Ministry of Communications and Information Technology and HUMAIN. The agreement provides more than 27 million eligible citizens and residents with 12 months of free access to Firefly and Adobe Express, representing over $4 billion in stated access value. The initiative could increase long-term adoption and support Saudi Arabia’s creative economy, although free access may delay near-term monetization. Adobe to Offer Free Access to AI Tools in Saudi Arabia
• Neutral Sentiment: Adobe will release fiscal third-quarter 2026 results after the market closes on September 10, followed by an investor conference call. The report is a major near-term catalyst, with options markets implying substantial potential volatility around earnings. Adobe to Announce Q3 FY2026 Earnings Results
• Negative Sentiment: Analysts remain cautious because Adobe has significantly lagged the S&P 500 over the past year, and the upcoming earnings report must demonstrate that AI-related growth can translate into sustained revenue and subscription expansion. Is Adobe Stock Underperforming the S&P 500?

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ADBE. Citizens Jmp restated a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Sanford C. Bernstein reduced their price objective on shares of Adobe from $447.00 to $379.00 and set an “outperform” rating on the stock in a research note on Friday, June 12th. TD Cowen decreased their price objective on shares of Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a research report on Monday, June 8th. UBS Group downgraded shares of Adobe from a “buy” rating to an “equal weight” rating in a research note on Tuesday, July 21st. Finally, Jefferies Financial Group boosted their target price on shares of Adobe from $230.00 to $285.00 and gave the company a “hold” rating in a report on Sunday. Seven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, Adobe has a consensus rating of “Hold” and a consensus target price of $272.80.

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.