Figure 8 Investment Strategies LLC Takes $780,000 Position in Adobe Inc. $ADBE

Figure 8 Investment Strategies LLC purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,804 shares of the software company’s stock, valued at approximately $780,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ADBE. Brighton Jones LLC raised its holdings in Adobe by 2.1% in the 4th quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after acquiring an additional 167 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Adobe by 25.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock worth $926,000 after purchasing an additional 486 shares in the last quarter. United Bank increased its position in shares of Adobe by 12.8% in the second quarter. United Bank now owns 3,773 shares of the software company’s stock worth $1,460,000 after purchasing an additional 428 shares during the period. Schnieders Capital Management LLC. increased its position in shares of Adobe by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock worth $1,017,000 after purchasing an additional 190 shares during the period. Finally, Gamco Investors INC. ET AL raised its stake in Adobe by 190.6% in the second quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock valued at $1,069,000 after purchasing an additional 1,813 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe News Roundup

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

Insiders Place Their Bets

In other news, Director David A. Ricks purchased 10,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the purchase, the director 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 ownership of the stock. The purchase 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 the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer directly owned 3,824 shares in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Evercore set a $225.00 price objective on shares of Adobe and gave the stock an “in-line” rating in a research note on Friday, June 12th. Stifel Nicolaus reaffirmed a “hold” rating and set a $200.00 price target (down from $350.00) on shares of Adobe in a report on Friday, June 12th. KeyCorp reduced their price target on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research report on Friday, June 12th. Sanford C. Bernstein decreased their price objective on shares of Adobe from $447.00 to $379.00 and set an “outperform” rating on the stock in a research note on Friday, June 12th. Finally, Morgan Stanley downgraded shares of Adobe from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $365.00 to $240.00 in a research report on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $269.81.

Adobe Stock Up 3.6%

Shares of NASDAQ ADBE opened at $263.14 on Wednesday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The company has a market cap of $104.60 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 0.89 and a beta of 1.40. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $370.86. The stock has a 50-day moving average price of $229.32 and a two-hundred day moving average price of $245.06.

Adobe (NASDAQ:ADBE) last posted its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion during 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 business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, analysts forecast that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Adobe declared that its board has approved a stock repurchase plan on Tuesday, April 21st that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the software company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

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.