Meitav Investment House Ltd. Cuts Position in Adobe Inc. $ADBE

Meitav Investment House Ltd. decreased its holdings in Adobe Inc. (NASDAQ:ADBE) by 82.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,813 shares of the software company’s stock after selling 118,110 shares during the quarter. Meitav Investment House Ltd.’s holdings in Adobe were worth $6,032,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ADBE. Western Pacific Wealth Management LP purchased a new stake in shares of Adobe in the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Adobe in the 3rd quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in Adobe in the 3rd quarter worth $27,000. Beacon Financial Strategies CORP acquired a new position in Adobe during the fourth quarter worth $28,000. Finally, Marquette Asset Management LLC lifted its holdings in Adobe by 72.3% during the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after purchasing an additional 34 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group set a $365.00 price target on shares of Adobe in a research note on Friday, June 12th. Piper Sandler decreased their target price on Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adobe in a research note on Wednesday, June 3rd. Wolfe Research cut Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 12th. Finally, HSBC raised Adobe from a “hold” rating to a “buy” rating and increased their price objective for the company from $282.00 to $308.00 in a research note on Thursday, July 2nd. Six investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Adobe has a consensus rating of “Hold” and a consensus price target of $275.00.

Insider Activity

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the sale, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This trade represents a 17.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Negative Sentiment: Bank of America downgraded Adobe to Underperform and cut its price target to $190, citing concerns that AI-powered competitors could slow Adobe’s growth. Bank of America Downgrades Adobe (ADBE) Stock with $190 Price Target Amid AI Disruption
• Negative Sentiment: BofA also reaffirmed the Underperform view, reinforcing investor worries that Adobe may be vulnerable to AI-driven competition and slower monetization of its own AI features. Adobe Stock (ADBE) Gets a Sell Rating From BofA. Here’s Why
• Negative Sentiment: News that a maximum-severity Adobe ColdFusion flaw is now being actively exploited adds a cybersecurity overhang, which could increase reputational and remediation concerns. Max severity Adobe ColdFusion flaw now exploited in attacks
• Neutral Sentiment: Zacks highlighted Adobe as a strong growth stock, which offers a mildly supportive counterpoint, but the item appears more style-score driven than a new fundamental catalyst. Here’s Why Adobe Systems (ADBE) is a Strong Growth Stock

Adobe Trading Up 5.5%

Adobe stock traded up $12.02 during midday trading on Tuesday, hitting $230.09. 3,084,633 shares of the stock were exchanged, compared to its average volume of 6,072,256. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The stock’s 50-day simple moving average is $232.91 and its 200 day simple moving average is $264.53. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $386.60. The stock has a market capitalization of $91.46 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 0.77 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating the consensus estimate of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same period in the previous year, the business posted $5.06 EPS. Adobe’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. On average, equities analysts anticipate that Adobe Inc. will post 19.8 EPS for the current year.

Adobe announced that its Board of Directors has initiated a stock repurchase 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 purchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management 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.