8,514 Shares in Adobe Inc. $ADBE Purchased by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. acquired a new stake in Adobe Inc. (NASDAQ:ADBE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,514 shares of the software company’s stock, valued at approximately $1,746,000.

A number of other large investors also recently bought and sold shares of ADBE. Nicholas Company Inc. grew its stake in Adobe by 7.6% during the 4th quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock worth $61,117,000 after purchasing an additional 12,400 shares in the last quarter. Teacher Retirement System of Texas raised its position in Adobe by 13.4% in the 4th quarter. Teacher Retirement System of Texas now owns 215,611 shares of the software company’s stock valued at $75,462,000 after purchasing an additional 25,435 shares in the last quarter. Wealthfront Advisers LLC raised its position in Adobe by 13.2% in the 4th quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock valued at $19,312,000 after purchasing an additional 6,426 shares in the last quarter. Orange Investment Advisors Inc. boosted its stake 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 valued at $10,339,000 after buying an additional 5,254 shares during the period. Finally, Milestone Asset Management LLC grew its position in shares of Adobe by 426.2% during the fourth quarter. Milestone Asset Management LLC now owns 7,478 shares of the software company’s stock worth $2,617,000 after buying an additional 6,057 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADBE. The Goldman Sachs Group cut their target price on shares of Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research note on Friday, June 12th. Bank of America reiterated an “underperform” rating and issued a $190.00 price target on shares of Adobe in a research note on Tuesday, July 7th. Evercore set a $225.00 price target on shares of Adobe and gave the stock an “in-line” rating in a report on Friday, June 12th. Barclays dropped their price objective on shares of Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th. Finally, Weiss Ratings lowered shares of Adobe from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Seven investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $269.81.

Insiders Place Their Bets

In related news, Director David A. Ricks acquired 10,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was 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. The trade was a 130.63% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the firm’s 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 transaction, the chief accounting officer directly owned 3,824 shares in the company, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.20% of the company’s stock.

Key Headlines Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s shift toward a freemium model for AI-powered tools— including holding off on price increases to expand its user base—could accelerate adoption and support its goal of double-digit annual recurring-revenue growth. Recent share-price momentum has also prompted renewed debate over whether the stock is below fair value. Is Adobe Below Fair Value On Its Freemium AI Push?
• Positive Sentiment: Investor rotation out of semiconductor stocks and into beaten-down technology names helped lift Adobe, along with Netflix and Salesforce. This suggests part of the move reflected broader sector positioning rather than a new company-specific announcement. Netflix, Salesforce, and Adobe Rally
• Positive Sentiment: In a comparison with DocuSign, Motley Fool analysts favored Adobe, reinforcing the view that Adobe remains a profitable, established software leader with an attractive valuation and meaningful AI opportunity. Docusign: A Cheap Turnaround or an AI Disruption Risk?
• Neutral Sentiment: Analyst coverage describes Adobe as being in a holding pattern while it awaits new management and evaluates the freemium transition, limiting near-term conviction despite the potential for wider AI adoption. Adobe in Holding Pattern
• Negative Sentiment: Some investors remain concerned that even successful AI execution may not quickly repair Adobe’s damaged market narrative. The company must prove that freemium tools can convert users into durable, profitable revenue growth. Adobe: Even If It Wins With AI, the Market May Take Years to Forgive

Adobe Stock Performance

Shares of ADBE opened at $263.14 on Wednesday. The company has a market capitalization of $104.60 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40. Adobe Inc. has a 52-week low of $190.12 and a 52-week 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 stock has a 50 day moving average price of $229.32 and a 200 day moving average price of $245.06.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. The company had revenue of $6.62 billion for 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 firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the company earned $5.06 earnings per share. 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 predict that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Adobe declared that its board has initiated a share repurchase program on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to buy up to 24.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.