NEOS Investment Management LLC Raises Stake in Adobe Inc. $ADBE

NEOS Investment Management LLC increased its holdings in Adobe Inc. (NASDAQ:ADBE) by 9.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 312,506 shares of the software company’s stock after buying an additional 26,830 shares during the period. NEOS Investment Management LLC’s holdings in Adobe were worth $64,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Western Pacific Wealth Management LP purchased a new stake in shares of Adobe in the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Adobe during the third quarter worth $26,000. TrustBank purchased a new position in shares of Adobe during the fourth quarter worth $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Adobe during the second quarter valued at $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Adobe in the fourth quarter valued at $31,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ADBE. Piper Sandler cut their price target on Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. KeyCorp decreased their price objective on Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a report on Friday, June 12th. Freedom Capital downgraded Adobe from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Wells Fargo & Company dropped their target price on Adobe from $330.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $200.00 price target (down from $350.00) on shares of Adobe in a research report on Friday, June 12th. Seven equities 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $278.72.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analysts see upside ahead of earnings. RBC raised its price target to $315 from $285 and maintained an “Outperform” rating, citing expectations that Adobe’s annual recurring revenue could exceed estimates. Adobe is scheduled to report fiscal third-quarter results on September 10. RBC raises Adobe price target
• Positive Sentiment: Adobe is expanding its AI and workflow ecosystem. The company acquired Indian marketing-intelligence startup Rilo through a deal involving technology licensing and the addition of its team, strengthening Adobe’s marketing-automation and “agentic AI” capabilities. Adobe also introduced an integration with Slack that brings more than 70 Photoshop, Firefly, Acrobat, Illustrator, Premiere and other tools into workplace chats. Adobe acquires Rilo
• Neutral Sentiment: New CEO named for December. Adobe appointed Anil Chakravarthy, who leads its Customer Experience Orchestration business and has overseen several AI products, as president and CEO effective December 1. Current CEO Shantanu Narayen will become executive chair and assist with the transition. Adobe announces CEO transition
• Negative Sentiment: Investors were disappointed by the CEO selection. Chakravarthy is an insider, but analysts said investors had been anticipating another longtime business leader for the role. The departure of that executive may signal additional leadership turnover, increasing concerns about strategic continuity during Adobe’s AI transformation. Why Adobe stock is under pressure
• Negative Sentiment: Competitive and valuation risks remain. Commentators warned that Google’s new AI-powered image-generation and editing tools could intensify competition with Adobe. Analysts remain divided, with some raising targets while others cite AI disruption risks and retain cautious ratings.

Adobe Stock Up 2.1%

ADBE opened at $285.75 on Friday. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two 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 company has a fifty day moving average of $247.91 and a two-hundred day moving average of $245.67. The stock has a market capitalization of $113.59 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 0.97 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data 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 business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the firm posted $5.06 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. 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, research analysts expect that Adobe Inc. will post 19.81 earnings per share for the current year.

Insider Transactions at Adobe

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

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.