2,551 Shares in Adobe Inc. $ADBE Bought by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC bought a new position in Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 2,551 shares of the software company’s stock, valued at approximately $523,000.

Other hedge funds also recently modified their holdings of the company. SWAN Capital LLC grew its stake in Adobe by 43.1% during 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 in the last quarter. Logan Capital Management Inc. increased its position in Adobe by 0.3% in the 3rd 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 last quarter. Vista Capital Partners Inc. raised its stake in shares of Adobe by 5.8% during the 2nd quarter. Vista Capital Partners Inc. now owns 624 shares of the software company’s stock worth $241,000 after purchasing an additional 34 shares in the last quarter. Murphy & Mullick Capital Management Corp raised its stake in shares of Adobe by 5.1% during the 4th quarter. Murphy & Mullick Capital Management Corp now owns 827 shares of the software company’s stock worth $289,000 after purchasing an additional 40 shares in the last quarter. Finally, Front Street Capital Management Inc. grew its stake in shares of Adobe by 8.2% in the 2nd quarter. Front Street Capital Management Inc. now owns 541 shares of the software company’s stock valued at $209,000 after buying an additional 41 shares in the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Performance

ADBE traded down $9.25 during trading on Tuesday, reaching $257.26. 5,483,212 shares of the company’s stock were exchanged, compared to its average volume of 5,797,513. The company has a market capitalization of $102.26 billion, a P/E ratio of 14.72, a PEG ratio of 0.93 and a beta of 1.42. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $370.86. The business has a 50 day moving average price of $251.43 and a 200 day moving average price of $245.69.

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. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the firm earned $5.06 earnings per share. The company’s quarterly revenue 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. As a group, analysts predict that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Adobe from a “hold” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus reissued a “hold” rating and set a $200.00 target price (down from $350.00) on shares of Adobe in a research report on Friday, June 12th. Bank of America upped their price target on Adobe from $190.00 to $220.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 19th. CLSA initiated coverage on Adobe in a research report on Monday, July 20th. They set an “outperform” rating and a $300.00 target price for the company. Finally, Wells Fargo & Company dropped their price target on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $279.32.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s AI strategy remains a key potential catalyst. Analysts expect fiscal Q3 results to show faster user growth as the company expands access to its generative AI tools, while AI-related annual recurring revenue reportedly exceeded $500 million in the prior quarter. Adobe’s Fiscal Q3 Report Likely to Show Faster User Growth
• Positive Sentiment: Adobe is adding more accessible, “idiot-proof” AI features to Premiere, which could improve adoption among new and less experienced users and help create the next generation of Adobe customers. Adobe is trying to make its AI generators idiot-proof in Premiere
• Positive Sentiment: Some analysts remain constructive: RBC has set a $315 price target as the stock rebounds from multi-year lows, and Adobe’s subscription model continues to provide recurring revenue. Adobe Stock Rebounds as RBC Sets $315 Target
• Neutral Sentiment: Options markets imply a potentially sizable move of about 8% after earnings, highlighting heightened volatility around the report. Adobe previously posted better-than-expected quarterly earnings and revenue and currently guides to fiscal 2026 EPS of $24.35–$24.45. Adobe Stock Could Swing 8% After Q3 Results
• Negative Sentiment: Investor expectations are high after Adobe’s recent recovery, leaving the stock vulnerable if AI monetization, user growth or guidance disappoints. Freemium pricing pressure, rising AI investment and competition from other software providers are also clouding the outlook. Adobe Before Q3 Earnings
• Negative Sentiment: Shantanu Narayen’s move to executive chair after 18 years as CEO and Anil Chakravarthy’s appointment as president and CEO introduce execution risk at a pivotal moment for Adobe’s AI transformation. Adobe Names Anil Chakravarthy President and CEO

Insider Buying and Selling at Adobe

In related news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Ricks bought 10,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were acquired 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 owned 17,655 shares in the company, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.20% of the company’s stock.

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.