OLD National Bancorp IN Has $8.38 Million Stock Position in Adobe Inc. $ADBE

OLD National Bancorp IN cut its stake in Adobe Inc. (NASDAQ:ADBE) by 35.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 34,492 shares of the software company’s stock after selling 19,026 shares during the period. OLD National Bancorp IN’s holdings in Adobe were worth $8,384,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Adobe during the fourth quarter valued at $2,275,165,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Adobe by 53.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 5,617,145 shares of the software company’s stock valued at $1,981,448,000 after purchasing an additional 1,952,994 shares during the period. Dodge & Cox boosted its position in shares of Adobe by 8,006.6% during the 3rd quarter. Dodge & Cox now owns 1,593,506 shares of the software company’s stock valued at $562,109,000 after purchasing an additional 1,573,849 shares in the last quarter. AQR Capital Management LLC grew its stake in Adobe by 55.2% during the third quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock worth $912,705,000 after purchasing an additional 920,353 shares during the period. Finally, Amundi grew its stake in Adobe by 17.9% during the third quarter. Amundi now owns 4,888,283 shares of the software company’s stock worth $1,711,583,000 after purchasing an additional 742,646 shares during the period. 81.79% of the stock is owned by institutional investors.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a definitive agreement to acquire Topaz Labs, an AI image and video enhancement company. Investors may view the deal as a strategic move to strengthen Creative Cloud with better generative AI tools and improve its competitive position. Adobe to Acquire Topaz Labs
• Positive Sentiment: A director, David A. Ricks, bought 10,000 shares at $194.51 each, boosting his stake by more than 130%. Insider buying can signal confidence in Adobe’s outlook after the stock’s pullback. David A. Ricks insider trade
• Positive Sentiment: Recent earnings were strong: Adobe posted record revenue of $6.62 billion and EPS of $5.96, both above estimates, and raised its full-year guidance. That supports the case that the business is still growing despite AI-related worries. Adobe Stock Opinions on Recent Q2 Earnings Report
• Neutral Sentiment: Industry commentary and analyst notes continue to highlight Adobe’s strong cash flow and leadership in creative software, but also raise questions about valuation and competitive pressure from AI tools. Adobe vs. Innodata: Which Technology Stock Is a Better Buy in 2026?
• Negative Sentiment: Adobe remains well below recent highs, and some investors are still focused on whether generative AI could pressure core products like Creative Cloud. This helps explain why the stock has been volatile despite the upbeat news flow.

Adobe Trading Up 4.8%

NASDAQ:ADBE opened at $202.73 on Friday. 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 has a market cap of $80.59 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 0.68 and a beta of 1.42. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $392.58. The firm has a 50-day moving average price of $236.56 and a two-hundred day moving average price of $269.83.

Adobe (NASDAQ:ADBE) last released 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 company had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $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. On average, equities analysts expect that Adobe Inc. will post 19.8 earnings per share for the current fiscal year.

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

Insider Transactions at Adobe

In related 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 sale, the chief executive officer directly owned 359,538 shares in the company, valued at approximately $87,561,884.52. The trade was a 17.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the sale, the chief accounting officer directly owned 3,521 shares in the company, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 77,091 shares of company stock valued at $18,782,773. Corporate insiders own 0.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ADBE. JPMorgan Chase & Co. lowered their target price on Adobe from $420.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, June 12th. DA Davidson cut their price objective on shares of Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Citizens Jmp restated a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Finally, Wells Fargo & Company cut their price target on Adobe from $330.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Five research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Adobe has an average rating of “Hold” and a consensus target price of $278.16.

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.