Oak Associates Ltd. OH Increases Position in Adobe Inc. $ADBE

Oak Associates Ltd. OH lifted its holdings in Adobe Inc. (NASDAQ:ADBE) by 56.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 123,922 shares of the software company’s stock after purchasing an additional 44,593 shares during the period. Adobe comprises approximately 2.0% of Oak Associates Ltd. OH’s portfolio, making the stock its 15th largest holding. Oak Associates Ltd. OH’s holdings in Adobe were worth $30,123,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its holdings in Adobe by 1.7% during the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock valued at $7,277,941,000 after buying an additional 352,448 shares in the last quarter. Geode Capital Management LLC grew its stake in Adobe by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock worth $4,027,170,000 after acquiring an additional 414,049 shares in the last quarter. Norges Bank bought a new position in Adobe in the 4th quarter worth about $2,275,165,000. Arrowstreet Capital Limited Partnership increased its position in shares of Adobe by 10.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 6,228,503 shares of the software company’s stock worth $2,179,914,000 after acquiring an additional 611,358 shares during the period. Finally, Invesco Ltd. increased its position in shares of Adobe by 6.2% during the fourth quarter. Invesco Ltd. now owns 5,119,025 shares of the software company’s stock worth $1,791,607,000 after acquiring an additional 297,337 shares during the period. 81.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ADBE. Morgan Stanley downgraded shares of Adobe from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $365.00 to $240.00 in a research note on Tuesday. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. Wolfe Research downgraded Adobe from an “outperform” rating to a “peer perform” rating in a report on Friday, June 12th. Citizens Jmp reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Finally, BMO Capital Markets dropped their price target on Adobe from $285.00 to $230.00 and set a “market perform” rating on the stock 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 six have given a Sell rating to the company’s stock. According to MarketBeat.com, Adobe has a consensus rating of “Hold” and an average price target of $271.30.

Insider Activity at Adobe

In related news, Director David A. Ricks bought 10,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were bought at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the purchase, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This represents a 17.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.20% of the stock is owned by corporate insiders.

Adobe Stock Performance

Shares of ADBE stock opened at $212.17 on Friday. The firm has a market cap of $84.34 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.73 and a beta of 1.43. The company’s 50 day moving average is $227.23 and its 200 day moving average is $252.03. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $376.16.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter last year, the firm earned $5.06 EPS. The business’s revenue for the quarter 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, sell-side analysts anticipate that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Adobe announced that its Board of Directors has authorized a stock buyback plan on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Negative Sentiment: Morgan Stanley downgraded Adobe to underweight from equal-weight and cut its price target to $240 from $365, citing concerns that Adobe’s move toward free basic services could pressure subscription revenue, along with leadership uncertainty and other strategic shifts. Why Adobe (ADBE) Shares Are Sliding Today
• Negative Sentiment: Zacks said Adobe’s large pullback from its 52-week high reflects investor doubts about AI monetization, slower near-term ARR growth, and ongoing leadership changes despite strong product adoption. Adobe Drops 40% From 52-Week High: Buy, Sell or Hold the Stock?
• Negative Sentiment: Adobe’s stock also underperformed peers recently, reinforcing the view that sentiment remains weak relative to other software names. Adobe Inc. stock underperforms Wednesday when compared to competitors
• Neutral Sentiment: CLSA reportedly initiated coverage with a moderate buy rating, which offers a counterpoint to the bearish calls but has not yet offset the broader negative sentiment. Adobe (NASDAQ:ADBE) Earns Moderate Buy Rating from Analysts at CLSA
• Neutral Sentiment: Insider activity was mixed across the tech sector, with one note highlighting that Eli Lilly CEO David Ricks bought Adobe shares, though this is not enough on its own to change the near-term narrative. Insider Moves Are Sending Mixed Signals Across the Tech Sector

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.