Fulton Bank N.A. Has $3.64 Million Holdings in Adobe Inc. $ADBE

Fulton Bank N.A. boosted its stake in Adobe Inc. (NASDAQ:ADBE) by 28.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 17,735 shares of the software company’s stock after buying an additional 3,915 shares during the period. Fulton Bank N.A.’s holdings in Adobe were worth $3,636,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Adobe by 1.7% in 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 purchasing an additional 352,448 shares in the last quarter. Geode Capital Management LLC boosted its position in Adobe by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock valued at $4,027,170,000 after buying an additional 414,049 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Adobe by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock worth $1,651,066,000 after buying an additional 563,772 shares during the last quarter. Norges Bank bought a new stake in Adobe during the fourth quarter worth about $2,275,165,000. Finally, Invesco Ltd. increased its holdings 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 buying an additional 297,337 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Stock Up 2.9%

NASDAQ:ADBE opened at $272.96 on Tuesday. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $370.86. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $108.50 billion, a P/E ratio of 15.62, a P/E/G ratio of 0.89 and a beta of 1.40. The stock’s fifty day simple moving average is $228.06 and its 200-day simple moving average is $246.63.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the previous year, the firm earned $5.06 earnings per share. The firm’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. Equities research analysts expect that Adobe Inc. will post 19.81 earnings per share for the current year.

Adobe announced that its board has approved a share 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 buy up to 24.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the transaction, the chief accounting officer owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This trade represents a 9.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Ricks acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were purchased 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 approximately $3,434,074.05. This trade represents a 130.63% increase in their position. The SEC filing for this purchase provides additional information. 0.20% of the stock is currently owned by insiders.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched AI-powered product-discovery tools designed to help brands make their products more visible in shopping experiences powered by large language models. The initiative could create new monetization opportunities while strengthening Adobe’s position in digital commerce and marketing. Adobe rolls out AI-powered product discovery for LLM shopping
• Positive Sentiment: Adobe is reportedly bringing its creative ecosystem into ChatGPT through a unified plugin, potentially expanding access to Photoshop, Acrobat, and other tools and increasing the reach of its generative-AI products. Adobe is putting its entire creative ecosystem inside ChatGPT with one unified plugin
• Positive Sentiment: One recent comparison highlights Adobe’s dominant creative-software franchise, integrated generative-AI features, and roughly 30% net margin as reasons the stock may be attractive at its current valuation. Adobe vs. Arista Networks: Which Technology Stock Is a Better Buy in 2026?
• Neutral Sentiment: The recent rally appears to be extending Adobe’s short-term momentum, although the move itself does not provide new information about operating fundamentals. Adobe set to continue gains for seven straight sessions
• Negative Sentiment: Analysts remain cautious after Adobe underperformed the broader market, with skepticism focused on its growth outlook and the competitive impact of generative AI. This could limit upside despite the recent strength. What Are Wall Street Analysts’ Target Price for Adobe Stock?

Wall Street Analyst Weigh In

ADBE has been the subject of a number of research analyst reports. Dbs Bank cut shares of Adobe from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Phillip Securities cut Adobe from a “strong-buy” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Barclays reduced their price objective on Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Friday, June 12th. Finally, Morgan Stanley cut Adobe from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $365.00 to $240.00 in a report on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $269.81.

Adobe Company 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.