Adobe Inc. $ADBE Shares Acquired by First Horizon Corp

First Horizon Corp grew its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 6.8% in the first quarter, HoldingsChannel reports. The fund owned 42,171 shares of the software company’s stock after buying an additional 2,701 shares during the period. First Horizon Corp’s holdings in Adobe were worth $10,251,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADBE. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe in the third quarter valued at $26,000. Western Pacific Wealth Management LP bought a new stake in Adobe during the fourth quarter worth approximately $26,000. Beacon Financial Strategies CORP acquired a new position in Adobe in the fourth quarter worth approximately $28,000. TrustBank bought a new position in shares of Adobe in the fourth quarter valued at $28,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of Adobe in the third quarter valued at $27,000. Institutional investors own 81.79% of the company’s stock.

Insider Buying and Selling

In other Adobe news, CEO Shantanu Narayen sold 75,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total value of $18,265,500.00. Following the completion of the sale, the chief executive officer owned 359,538 shares of the company’s stock, valued at $87,561,884.52. The trade was a 17.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the sale, the chief financial officer owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 77,091 shares of company stock valued at $18,782,773 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

Adobe Stock Performance

Shares of ADBE stock opened at $222.65 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $376.16. The stock’s 50-day moving average is $231.24 and its two-hundred day moving average is $260.79. The firm has a market cap of $88.50 billion, a P/E ratio of 12.74, a PEG ratio of 0.74 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business 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. Analysts predict that Adobe Inc. will post 19.8 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Phillip Securities lowered Adobe from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Wall Street Zen lowered Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Freedom Capital downgraded Adobe from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. KeyCorp decreased their price target on Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a research report on Friday, June 12th. Finally, Barclays dropped their price target 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. Six research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $275.00.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a definitive agreement to acquire Topaz Labs, an AI company known for video and image enhancement models, which could strengthen Adobe’s own AI capabilities and improve its competitive position. Adobe (ADBE) to Acquire Topaz Labs
• Positive Sentiment: Adobe expanded GenStudio for commerce media by integrating LiveRamp purchase data, a move that could improve ad targeting, workflow efficiency, and monetization across its digital media tools. Adobe (ADBE) Brings LiveRamp Purchase Data Into GenStudio For Commerce Media
• Positive Sentiment: HSBC upgraded Adobe to Buy and raised its price target, arguing the stock’s recent selloff may have created an attractive entry point despite year-to-date weakness. Is Adobe Inc. (ADBE) the Best Beaten Down Technology Stock to Buy Now?
• Neutral Sentiment: Some commentary suggests Adobe’s strategy is focused on future growth, but this is more of a long-term thesis than a near-term catalyst for the stock. Adobe Stock Is Down, But Its Strategy Is All-In On The Future
• Negative Sentiment: Bank of America downgraded Adobe to Underperform, saying AI tools are hurting growth rather than accelerating it and warning that competitive pressure could keep weighing on the shares. Bank of America Says AI Will Drag Down Adobe Stock
• Negative Sentiment: Another article highlighted that some users are canceling Adobe Acrobat in favor of cheaper or free alternatives, reinforcing concerns about pricing pressure and subscription churn. I canceled my Adobe Acrobat plan after one weekend with this free tool
• Negative Sentiment: Phillip Securities also cut Adobe to Neutral, reflecting broader analyst caution around AI competition and slowing sentiment toward the stock. Phillip Securities Downgrades Adobe (ADBE) to Neutral, Here’s What You Should Know

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.