UNIVEST FINANCIAL Corp Acquires 14,893 Shares of Adobe Inc. $ADBE

UNIVEST FINANCIAL Corp boosted its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 124.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,895 shares of the software company’s stock after buying an additional 14,893 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Adobe were worth $6,538,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. 180 Wealth Advisors LLC raised its holdings in Adobe by 6.3% in the first quarter. 180 Wealth Advisors LLC now owns 2,278 shares of the software company’s stock worth $554,000 after purchasing an additional 136 shares in the last quarter. Midwest Trust Co boosted its holdings in shares of Adobe by 9.3% in the 1st quarter. Midwest Trust Co now owns 61,071 shares of the software company’s stock valued at $14,845,000 after buying an additional 5,194 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of Adobe by 62.3% in the 1st quarter. Fifth Third Bancorp now owns 124,270 shares of the software company’s stock valued at $30,207,000 after buying an additional 47,691 shares in the last quarter. Sovran Advisors LLC grew its position in shares of Adobe by 27.6% in the 1st quarter. Sovran Advisors LLC now owns 4,259 shares of the software company’s stock worth $1,048,000 after buying an additional 922 shares during the last quarter. Finally, Simplicity Wealth LLC raised its stake in shares of Adobe by 8.3% during the 1st quarter. Simplicity Wealth LLC now owns 1,507 shares of the software company’s stock worth $366,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 81.79% of the company’s stock.

Insider Transactions at Adobe

In related news, CFO Daniel Durn sold 1,336 shares of the company’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 value of $331,354.72. Following the sale, the chief financial officer owned 42,833 shares in the company, valued at $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the transaction, the chief accounting officer owned 3,521 shares in the company, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by company insiders.

Adobe Stock Performance

Shares of NASDAQ ADBE traded up $0.99 during midday trading on Friday, reaching $223.64. The company had a trading volume of 3,205,588 shares, compared to its average volume of 7,842,919. The business’s 50-day simple moving average is $230.84 and its 200 day simple moving average is $260.53. The stock has a market cap of $88.90 billion, a P/E ratio of 12.79, a P/E/G ratio of 0.75 and a beta of 1.43. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $376.16. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating 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 analyst estimates of $6.45 billion. During the same period in the previous year, the company earned $5.06 earnings per share. The business’s quarterly 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, analysts forecast that Adobe Inc. will post 19.8 earnings per share for the current fiscal year.

Adobe declared that its board has initiated a share repurchase plan on Tuesday, April 21st that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the software company to repurchase up to 24.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. KeyCorp lowered their target price on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a research note on Friday, June 12th. William Blair downgraded Adobe from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 26th. Robert W. Baird lowered their price objective on Adobe from $270.00 to $230.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. DA Davidson dropped their target price on Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. Finally, Argus reaffirmed a “hold” rating on shares of Adobe in a research report on Monday, March 16th. Six investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $275.00.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s planned acquisition of Topaz Labs could strengthen its generative AI and video/image editing tools, supporting long-term product differentiation and monetization. Adobe (ADBE) to Acquire Topaz Labs
• Positive Sentiment: Another recent analysis highlighted Adobe’s acquisition of Rephrase.AI as a way to bolster generative AI video capabilities for e-commerce, which could broaden Adobe’s addressable market and improve growth prospects. Adobe’s Strategic Acquisition of Rephrase.AI to Bolster Generative AI Video Capabilities for E-commerce
• Neutral Sentiment: Market commentary from Seeking Alpha and other outlets suggested the stock may be oversold or viewed as a comeback candidate, but these were opinion pieces rather than new fundamentals. Adobe: Market Overreaction Creates A Highly Asymmetric Risk-Reward Opportunity
• Neutral Sentiment: Short-interest data showed no meaningful shares outstanding to short, so it does not appear to be adding real trading pressure or changing the investment case.
• Negative Sentiment: Bank of America reportedly downgraded Adobe to Underperform, arguing that AI tools could pressure Adobe’s growth rather than accelerate it, reinforcing investor concerns about competitive disruption. Bank of America Says AI Will Drag Down Adobe Stock
• Negative Sentiment: Additional headlines about users canceling Adobe Acrobat for cheaper alternatives may add to the narrative that pricing pressure and product substitution remain risks for the company.

About Adobe

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.