Pacer Advisors Inc. Increases Stock Position in Adobe Inc. $ADBE

Pacer Advisors Inc. increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 24.0% during the first quarter, HoldingsChannel reports. The firm owned 1,417,380 shares of the software company’s stock after buying an additional 274,279 shares during the period. Pacer Advisors Inc.’s holdings in Adobe were worth $344,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 416 shares of the stock in a transaction that occurred 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 directly owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director David A. Ricks bought 10,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were purchased at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the purchase, the director owned 17,655 shares in the company, valued at $3,434,074.05. This trade represents a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.20% of the company’s stock.

Adobe Price Performance

NASDAQ ADBE opened at $250.41 on Monday. The business’s fifty day moving average is $226.69 and its 200 day moving average is $248.28. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $370.86. 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 company has a market capitalization of $99.54 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last issued its quarterly 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. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business 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. The business’s quarterly revenue 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. Sell-side analysts predict that Adobe Inc. will post 19.81 earnings per share for the current year.

Adobe announced that its Board of Directors has initiated a share buyback program on Tuesday, April 21st that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the software company to buy up to 24.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

ADBE has been the topic of a number of research reports. Citizens Jmp restated a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Royal Bank Of Canada reduced their price objective on Adobe from $350.00 to $285.00 and set an “outperform” rating for the company in a research report on Monday, June 8th. DA Davidson lowered their target price on Adobe from $300.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, June 12th. Dbs Bank cut Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Finally, Morgan Stanley downgraded Adobe from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $365.00 to $240.00 in a research note on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and six have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $271.30.

Key Adobe News

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 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.