Professional Advisory Services Inc. Raises Holdings in Adobe Inc. $ADBE

Professional Advisory Services Inc. boosted its position in Adobe Inc. (NASDAQ:ADBE) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,887 shares of the software company’s stock after purchasing an additional 2,478 shares during the quarter. Adobe comprises approximately 1.6% of Professional Advisory Services Inc.’s investment portfolio, making the stock its 28th largest position. Professional Advisory Services Inc.’s holdings in Adobe were worth $13,508,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Adobe in the fourth quarter worth about $2,275,165,000. AQR Capital Management LLC grew its stake in Adobe by 55.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after acquiring an additional 920,353 shares in the last quarter. Amundi grew its stake in Adobe by 17.9% during the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after acquiring an additional 742,646 shares in the last quarter. State of Michigan Retirement System raised its holdings in Adobe by 566.1% in the 1st quarter. State of Michigan Retirement System now owns 820,823 shares of the software company’s stock valued at $199,526,000 after acquiring an additional 697,600 shares during the last quarter. Finally, AMF Tjanstepension AB purchased a new position in Adobe in the 1st quarter worth approximately $167,494,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ADBE shares. BTIG Research initiated coverage on Adobe in a research report on Monday, April 13th. They issued a “neutral” rating for the company. The Goldman Sachs Group lowered their price objective on Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research note on Friday, June 12th. Jefferies Financial Group dropped their target price on Adobe from $290.00 to $230.00 and set a “hold” rating for the company in a report on Friday, June 12th. Dbs Bank lowered Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Finally, TD Cowen lowered their price target on shares of Adobe from $310.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, June 8th. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and six have given a Sell rating to the company. According to MarketBeat.com, Adobe presently has an average rating of “Hold” and an average target price of $271.30.

Insider Buying and Selling at Adobe

In other news, Director David A. Ricks acquired 10,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was acquired at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the purchase, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. This represents a 130.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Jillian Forusz sold 416 shares of the business’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 completion of the sale, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. This represents a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.20% of the company’s stock.

Adobe Stock Up 1.9%

Shares of NASDAQ:ADBE opened at $265.21 on Friday. The business has a 50-day moving average price of $228.08 and a 200 day moving average price of $247.10. 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 capitalization of $105.42 billion, a price-to-earnings ratio of 15.17, a PEG ratio of 0.88 and a beta of 1.40. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $370.86.

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

Adobe announced that its Board of Directors has authorized a stock repurchase program on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched a unified ChatGPT plug-in that brings more than 70 creative and productivity tools—including Photoshop, Lightroom, Acrobat, image, video and PDF capabilities—directly into OpenAI’s chatbot. The integration could make Adobe’s products easier to access, expand usage and position the company as an AI enabler rather than an AI casualty. Adobe Debuts ChatGPT App Featuring All Its Programs
• Positive Sentiment: Recent coverage highlights Adobe’s valuation after its sharp sell-off. The company is still producing double-digit revenue growth, stable margins and substantial free cash flow, while its latest quarterly results exceeded earnings and revenue expectations. A recovery in investor sentiment or a valuation re-rating could provide significant upside. Buy the Dip or Run: 3 Software Stocks Down 50% Face Their Moment of Truth
• Positive Sentiment: Zacks characterized ADBE as both a long-term growth candidate and a strong value stock, reflecting its depressed valuation relative to historical levels and continuing earnings potential. Why Adobe Systems Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Akamai’s strong cloud and security results offer an indirect positive signal because Adobe is among its customers, but the report does not provide new information about Adobe’s financial performance. Akamai Beats Quarterly Estimates on Cloud Infrastructure Demand
• Negative Sentiment: Adobe remains one of the software companies targeted by AI-disruption concerns. AI-native competitors could pressure pricing, customer retention and growth, and promotional commentary warns of insider selling, talent departures and business-model changes. These claims are not confirmed in the supplied reporting, but they underscore the key risk investors are monitoring. These Are the Four Signs a Company Is About to Be Destroyed by AI

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.