Jeter Robert S II Purchases New Position in Adobe Inc. $ADBE

Jeter Robert S II acquired a new position in Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,065 shares of the software company’s stock, valued at approximately $685,000. Adobe accounts for 0.6% of Jeter Robert S II’s holdings, making the stock its 23rd biggest position.

A number of other large investors have also recently made changes to their positions in the business. Nicholas Company Inc. raised its stake in Adobe by 7.6% during the fourth quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock valued at $61,117,000 after buying an additional 12,400 shares during the last quarter. Orange Investment Advisors Inc. raised its position in shares of Adobe by 21.6% in the 4th quarter. Orange Investment Advisors Inc. now owns 29,541 shares of the software company’s stock worth $10,339,000 after purchasing an additional 5,254 shares during the last quarter. BlackRock Inc. bought a new position in Adobe in the 2nd quarter worth about $8,437,821,000. Johnson Financial Group Inc. bought a new stake in Adobe during the 2nd quarter valued at about $2,289,000. Finally, Barr E S & Co. grew its holdings in shares of Adobe by 10.7% during the fourth quarter. Barr E S & Co. now owns 61,067 shares of the software company’s stock valued at $21,373,000 after buying an additional 5,891 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Down 6.7%

Shares of ADBE opened at $266.51 on Friday. The business’s 50 day moving average is $249.19 and its 200 day moving average is $245.81. 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 Inc. has a 12-month low of $190.12 and a 12-month high of $370.86. The company has a market capitalization of $105.94 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 0.99 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The business had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The company’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the firm posted $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. Research analysts expect that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on ADBE shares. BMO Capital Markets dropped their price objective 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. Bank of America lifted their price objective on Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a report on Wednesday, August 19th. Jefferies Financial Group increased their price objective on shares of Adobe from $230.00 to $285.00 and gave the stock a “hold” rating in a research note on Sunday, August 30th. KeyCorp reduced their target price on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a report on Friday, June 12th. Finally, The Goldman Sachs Group reduced their price objective on Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a research note on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $278.72.

Insiders Place Their Bets

In other news, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was purchased at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the transaction, the director directly owned 17,655 shares in the company, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction dated Wednesday, July 29th. The stock was 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 directly owned 3,824 shares in the company, valued at $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by corporate insiders.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe raised Anil Chakravarthy, president of its Customer Experience Orchestration business and worldwide field operations, to president and CEO effective December 1. Chakravarthy has overseen several AI products, while longtime CEO Shantanu Narayen will become executive chair, potentially supporting continuity as Adobe accelerates its AI strategy. Adobe Announces CEO Transition
• Positive Sentiment: RBC raised its price target to $315 from $285 and maintained an Outperform rating ahead of Adobe’s fiscal third-quarter results, citing the potential for annual recurring revenue to exceed expectations. Adobe reports on September 10, making recurring-revenue growth a key near-term catalyst. RBC Raises Adobe Price Target
• Positive Sentiment: Adobe expanded its AI and marketing ecosystem by acquiring Indian startup Rilo and integrating more than 70 creative tools—including Photoshop, Firefly and Acrobat—into Slack. These initiatives could improve workflow integration and strengthen enterprise adoption. Adobe Launches Slack App
• Neutral Sentiment: Analysts remain divided ahead of earnings: some see valuation upside if ARR reaccelerates, while others maintain Hold ratings because Adobe must demonstrate that its AI investments can revive growth and support a higher multiple.
• Negative Sentiment: The CEO announcement surprised investors because it came shortly before earnings and selected Chakravarthy rather than another business leader some investors reportedly expected. Reports also pointed to a separate executive departure, raising concerns about further leadership turnover. Why Adobe Stock Is Dropping
• Negative Sentiment: Adobe continues to face fears that AI-native rivals and new tools from major technology companies could pressure its creative-software franchise, user growth and pricing power. Stronger employment data also increased expectations for a hawkish Federal Reserve, weighing on software and other growth stocks broadly. U.S. Stocks End Lower

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.