Leonteq Securities AG Has $20.64 Million Holdings in Adobe Inc. $ADBE

Leonteq Securities AG boosted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 24.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 84,931 shares of the software company’s stock after acquiring an additional 16,600 shares during the period. Adobe makes up approximately 0.8% of Leonteq Securities AG’s investment portfolio, making the stock its 14th largest holding. Leonteq Securities AG’s holdings in Adobe were worth $20,645,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in Adobe by 68.1% during the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 232,806 shares of the software company’s stock worth $56,590,000 after buying an additional 94,350 shares during the period. Elevation Point Wealth Partners LLC bought a new position in Adobe in the first quarter valued at approximately $215,000. Platform Technology Partners boosted its holdings in shares of Adobe by 89.8% in the first quarter. Platform Technology Partners now owns 1,177 shares of the software company’s stock valued at $286,000 after buying an additional 557 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Adobe by 30.6% in the first quarter. Sound Income Strategies LLC now owns 755 shares of the software company’s stock valued at $182,000 after buying an additional 177 shares during the period. Finally, Jamison Private Wealth Management Inc. increased its position in shares of Adobe by 7.3% during the first quarter. Jamison Private Wealth Management Inc. now owns 3,556 shares of the software company’s stock worth $864,000 after acquiring an additional 243 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the sale, the chief accounting officer directly owned 3,521 shares in the company, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Daniel Durn sold 1,336 shares of Adobe stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the transaction, the chief financial officer owned 42,833 shares of the company’s stock, valued at $10,623,440.66. The trade was a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: HSBC upgraded Adobe to Buy from Hold and lifted its price target, saying worries that generative AI will erode Adobe’s business are overstated and that the stock has been unfairly discounted versus peers. HSBC Says Adobe’s AI Discount Is a Mistake
• Positive Sentiment: Adobe’s acquisition of Topaz Labs is being viewed as strategically important because it adds AI image and video enhancement tools to its Firefly ecosystem, strengthening Adobe’s creator and enterprise AI platform. Adobe Just Bought What Its AI Strategy Was Missing. Here’s Why the Stock Could Surge Soon.
• Positive Sentiment: Adobe launched Firefly Foundry and is widening access through a freemium push, which could help expand adoption of its AI and creative tools among both enterprise and mainstream users. Adobe (ADBE) Launches Firefly Foundry As It Pushes AI Tools To More Users
• Positive Sentiment: Several reports highlighted Adobe as a potential long-term AI and software winner, with some analysts and commentators pointing to strong recent earnings and improving monetization from its AI strategy. Adobe Stock (ADBE) Jumps after Top Analyst Upgrades It to Buy and Raises Price Target
• Neutral Sentiment: Erste Group raised its earnings estimates for Adobe, reflecting higher confidence in profitability, though this is a longer-term valuation support rather than a near-term catalyst. MarketBeat Adobe estimate update
• Negative Sentiment: Phillip Securities cut Adobe to Neutral from Buy and slashed its price target, citing concerns that growth is slowing and that the stock’s AI advantage may not be enough to offset decelerating momentum. Analyst Sees Slower Growth Tempering Outlook for Adobe (ADBE)

Adobe Stock Up 4.1%

NASDAQ:ADBE opened at $219.72 on Friday. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $386.60. The firm has a market capitalization of $87.34 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 0.74 and a beta of 1.43. 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 stock’s 50 day moving average price is $233.63 and its two-hundred day moving average price is $265.46.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 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 company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the prior year, the firm posted $5.06 EPS. The firm’s revenue for the quarter 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 19.8 earnings per share for the current fiscal year.

Adobe declared that its board has authorized a share repurchase program on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to repurchase up to 24.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Piper Sandler cut their price objective on shares of Adobe from $280.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Wall Street Zen upgraded Adobe from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. DA Davidson decreased their price objective on Adobe from $300.00 to $250.00 and set a “buy” rating for the company in a report on Friday, June 12th. KeyCorp cut their target price on Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research note on Friday, June 12th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Six research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Adobe currently has an average rating of “Hold” and a consensus price target of $278.40.

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.