Adobe Inc. $ADBE Stake Lifted by First National Bank of Mount Dora Trust Investment Services

First National Bank of Mount Dora Trust Investment Services raised its stake in Adobe Inc. (NASDAQ:ADBE) by 32.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 24,949 shares of the software company’s stock after buying an additional 6,102 shares during the quarter. Adobe accounts for approximately 1.3% of First National Bank of Mount Dora Trust Investment Services’ holdings, making the stock its 29th biggest holding. First National Bank of Mount Dora Trust Investment Services’ holdings in Adobe were worth $6,065,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ADBE. Western Pacific Wealth Management LP bought a new position in shares of Adobe during the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new stake in Adobe in the 3rd quarter valued at about $26,000. TrustBank acquired a new position in Adobe during the 4th quarter valued at about $28,000. Lloyd Advisory Services LLC. bought a new position in Adobe in the 4th quarter worth about $31,000. Finally, Sankala Group LLC bought a new position in Adobe in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David A. Ricks acquired 10,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was purchased at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the purchase, the director directly owned 17,655 shares in the company, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.20% of the company’s stock.

Adobe Stock Performance

Shares of NASDAQ:ADBE opened at $250.41 on Monday. The company has a 50 day moving average of $226.69 and a 200-day moving average of $248.28. 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 firm has a market cap of $99.54 billion, a P/E ratio of 14.33, a P/E/G ratio of 0.84 and a beta of 1.43. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $370.86.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter last year, the business earned $5.06 earnings per share. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. 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 anticipate that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ADBE shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adobe in a report on Wednesday, June 3rd. Citigroup reissued a “market perform” rating on shares of Adobe in a report on Friday, June 12th. TD Cowen lowered their target price on Adobe from $310.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, June 8th. BMO Capital Markets cut their target price on Adobe from $285.00 to $230.00 and set a “market perform” rating on the stock in a research note on Friday, June 12th. Finally, HSBC upgraded Adobe from a “hold” rating to a “buy” rating and boosted their price target for the stock from $282.00 to $308.00 in a research report on Thursday, July 2nd. Seven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, Adobe currently has an average rating of “Hold” and an average target price of $271.30.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s latest AI acquisition reportedly cleared Washington without significant regulatory obstacles, removing a potential deal risk and strengthening the company’s efforts to expand AI-powered creative tools. Adobe’s latest AI acquisition just breezed through Washington
• Positive Sentiment: Recent commentary argues that AI is enhancing Adobe’s business rather than replacing it, potentially supporting new monetization opportunities, stronger customer engagement and a rebuilding of the company’s growth engine. Adobe’s latest quarterly results also showed roughly 13% year-over-year revenue growth and performance above analyst expectations. Adobe: How AI Is Enhancing Its Business, Not Killing It
• Positive Sentiment: Investors are also considering ways to participate in Adobe’s AI upside while hedging risks, suggesting that the stock remains a significant target for AI-related trading and positioning. As Adobe monetizes AI, here’s a way to trade it and hedge against risks
• Neutral Sentiment: Analyst and investor views remain divided. Some see Adobe’s valuation and free-cash-flow generation as attractive, while others remain concerned about AI disruption, software-sector weakness and the need to restore faster growth. Adobe Stock Trades Below The Market on Earnings While Its Growth Engine Is Being Rebuilt
• Negative Sentiment: Adobe Chief Accounting Officer Jillian Forusz sold 416 shares worth approximately $110,000. The transaction was relatively small, but it adds to a pattern of insider selling that may weigh modestly on sentiment. SEC Form 4 filing
• Negative Sentiment: A reported collapse of a highly leveraged AI hedge fund and forced selling of AI-infrastructure positions could reinforce broader caution around crowded AI trades and software-sector volatility, although it does not directly affect Adobe’s operations. AI hedge fund collapses after margin calls

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.