OneDigital Investment Advisors LLC Invests $1.52 Million in Adobe Inc. $ADBE

OneDigital Investment Advisors LLC bought a new stake in Adobe Inc. (NASDAQ:ADBE) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,421 shares of the software company’s stock, valued at approximately $1,521,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SWAN Capital LLC raised its stake in Adobe by 43.1% in the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after acquiring an additional 31 shares during the period. Logan Capital Management Inc. boosted its position in Adobe by 0.3% during the third quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock worth $3,453,000 after purchasing an additional 32 shares during the period. Vista Capital Partners Inc. increased its holdings in shares of Adobe by 5.8% in the second quarter. Vista Capital Partners Inc. now owns 624 shares of the software company’s stock valued at $241,000 after purchasing an additional 34 shares during the last quarter. Klingman & Associates LLC increased its holdings in shares of Adobe by 3.5% in the fourth quarter. Klingman & Associates LLC now owns 1,104 shares of the software company’s stock valued at $386,000 after purchasing an additional 37 shares during the last quarter. Finally, Seeds Investor LLC raised its position in shares of Adobe by 6.7% in the fourth quarter. Seeds Investor LLC now owns 617 shares of the software company’s stock valued at $216,000 after purchasing an additional 39 shares during the period. Institutional investors own 81.79% of the company’s stock.

Adobe Trading Down 3.8%

ADBE stock opened at $254.04 on Tuesday. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $370.86. The company has a market capitalization of $100.98 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40. The company’s 50-day simple moving average is $228.82 and its 200 day simple moving average is $245.32. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75.

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 the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $5.06 EPS. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. As a group, sell-side analysts anticipate that Adobe Inc. will post 19.81 earnings per share for the current year.

Adobe announced that its board has initiated a stock repurchase program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to repurchase up to 24.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Adobe news, Director David A. Ricks purchased 10,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the transaction, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on ADBE. Jefferies Financial Group cut their target price on shares of Adobe from $290.00 to $230.00 and set a “hold” rating for the company in a research note on Friday, June 12th. Mizuho lowered their price target on shares of Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. Citigroup restated a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Sanford C. Bernstein reduced their price objective on Adobe from $447.00 to $379.00 and set an “outperform” rating for the company in a report on Friday, June 12th. Finally, Barclays decreased their target price on Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus 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.