Louisiana State Employees Retirement System Purchases New Shares in Adobe Inc. $ADBE

Louisiana State Employees Retirement System purchased a new stake in Adobe Inc. (NASDAQ:ADBE) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 47,700 shares of the software company’s stock, valued at approximately $11,595,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC acquired a new position in Adobe in the 3rd quarter valued at $26,000. Western Pacific Wealth Management LP purchased a new position in Adobe during the fourth quarter worth about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Adobe in the third quarter valued at approximately $27,000. Caitlin John LLC purchased a new position in shares of Adobe during the 3rd quarter worth $28,000. Finally, Beacon Financial Strategies CORP purchased a new position in Adobe during the fourth quarter worth about $28,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

Shares of ADBE opened at $193.41 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $392.58. The firm has a market capitalization of $76.88 billion, a PE ratio of 11.06, a P/E/G ratio of 0.69 and a beta of 1.42. The stock’s 50 day moving average is $237.40 and its two-hundred day moving average is $270.31.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the business posted $5.06 earnings per share. Adobe’s 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. Research analysts anticipate that Adobe Inc. will post 19.8 earnings per share for the current year.

Adobe declared that its board has authorized a share 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 reacquire up to 24.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ADBE. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Adobe in a report on Friday, March 13th. The Goldman Sachs Group lowered their target price on shares of Adobe from $220.00 to $190.00 and set a “sell” rating for the company in a research note on Friday, June 12th. William Blair lowered shares of Adobe from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 26th. JPMorgan Chase & Co. decreased their price objective on shares of Adobe from $420.00 to $340.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Finally, Argus reiterated a “hold” rating on shares of Adobe in a research report on Monday, March 16th. Five research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $278.16.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a definitive agreement to acquire Topaz Labs, adding advanced AI image and video enhancement models to its creative software suite and reinforcing its push to lead in generative AI. Adobe to Acquire Topaz Labs
• Positive Sentiment: The acquisition is being positioned as a way to deepen AI functionality across Creative Cloud, which could improve Adobe’s product moat and support future subscription growth. Adobe acquires image and video enhancement tool maker Topaz Labs
• Positive Sentiment: Adobe introduced Firefly Foundry, a new enterprise offering aimed at custom AI models and brand-consistent content creation, showing that management is still expanding its AI monetization strategy. Adobe Introduces Firefly Foundry
• Neutral Sentiment: Several commentary pieces argue that Adobe is looking more attractively valued after its steep decline, but they also highlight investor skepticism about whether the company can reaccelerate growth quickly. Is Adobe Stock A Powerhouse Or A Pass?
• Neutral Sentiment: Adobe’s Analytics data showed strong U.S. online spending at the start of Prime Day, but this is more of a macro e-commerce indicator than a direct driver for Adobe’s core software business. US online spending hits $8.3 billion as Amazon Prime Day kicks off
• Negative Sentiment: Market commentary continues to note that Adobe has been trailing the broader market, with investors still worried about its slower growth and recent stock weakness despite the AI push. Why software stocks like INTU, ADBE, TTD, WDAY, CRM are trailing the S&P 500

Insider Buying and Selling

In related news, CEO Shantanu Narayen sold 75,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 359,538 shares of the company’s stock, valued at $87,561,884.52. This trade represents a 17.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the transaction, the chief financial officer owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 77,091 shares of company stock worth $18,782,773 in the last quarter. Company insiders own 0.20% of the company’s stock.

About Adobe

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.