First National Bank of Omaha Purchases New Holdings in Adobe Inc. $ADBE

First National Bank of Omaha acquired a new position in Adobe Inc. (NASDAQ:ADBE) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,514 shares of the software company’s stock, valued at approximately $517,000.

Several other institutional investors have also added to or reduced their stakes in ADBE. Nicholas Company Inc. lifted its holdings in Adobe by 7.6% during the 4th quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock valued at $61,117,000 after buying an additional 12,400 shares in the last quarter. Teacher Retirement System of Texas grew its stake 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 worth $75,462,000 after acquiring an additional 25,435 shares in the last quarter. Wealthfront Advisers LLC grew its stake in Adobe by 13.2% in the 4th quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock worth $19,312,000 after acquiring an additional 6,426 shares in the last quarter. Orange Investment Advisors Inc. increased its position in shares of Adobe by 21.6% during the fourth quarter. Orange Investment Advisors Inc. now owns 29,541 shares of the software company’s stock worth $10,339,000 after acquiring an additional 5,254 shares during the period. Finally, Milestone Asset Management LLC increased 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 acquiring an additional 6,057 shares during the period. Institutional investors own 81.79% of the company’s stock.

Insiders Place Their Bets

In related news, Director David A. Ricks purchased 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the acquisition, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. The trade was a 130.63% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction on 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 transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. The Goldman Sachs Group lowered their price target on Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a report on Friday, June 12th. Barclays reduced their price objective on Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a report on Friday, June 12th. Morgan Stanley lowered Adobe from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $365.00 to $240.00 in a research report on Tuesday, July 21st. DA Davidson lowered their target price on Adobe from $300.00 to $250.00 and set a “buy” rating for the company in a report on Friday, June 12th. Finally, Mizuho dropped their price target on Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe currently has an average rating of “Hold” and a consensus price target of $270.96.

Adobe Price Performance

NASDAQ ADBE opened at $272.47 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The firm’s 50 day moving average price is $230.10 and its 200-day moving average price is $244.93. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $370.86. The company has a market cap of $108.31 billion, a PE ratio of 15.59, a P/E/G ratio of 0.89 and a beta of 1.40.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. Adobe’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company posted $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. Sell-side analysts forecast that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s recent rally has been supported by improving short-term momentum and a broader rotation out of semiconductor stocks into lagging technology names. The company is also viewed by some analysts as undervalued after its earlier decline. Netflix, Salesforce, and Adobe Rally as Investors Rotate Out of Semiconductors and Into Beaten Down Stocks Is It Too Late to Buy Adobe Inc After Rally? GF Value Says Undervalued
• Positive Sentiment: Adobe’s freemium strategy for AI-powered tools— including holding off on some price increases to expand its user base—could accelerate adoption and support the company’s goal of double-digit annual recurring-revenue growth. Analysts also continue to favor Adobe over DocuSign, citing its stronger competitive position. Is Adobe Below Fair Value On Its Freemium AI Push?
• Neutral Sentiment: A dispute involving Rebel Creamery’s packaging design created with Adobe Illustrator has led to a court-ordered rebrand and Rebel’s Chapter 11 filing. The matter concerns an Adobe software user and does not appear to create a material financial impact for Adobe. How a DIY Adobe Illustrator Design Landed Rebel Creamery in a $23.8 Million Fight
• Negative Sentiment: Bank of America raised its price target but retained an “underperform” rating. Its new target remains materially below Adobe’s recent trading level, signaling concern that the rally may have outpaced the company’s near-term fundamentals. Bank of America Raises Adobe Price Target While Maintaining Underperform Rating

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.