The Manufacturers Life Insurance Company Makes New Investment in Adobe Inc. $ADBE

The Manufacturers Life Insurance Company bought a new stake in shares of Adobe Inc. (NASDAQ:ADBE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 731,657 shares of the software company’s stock, valued at approximately $150,005,000. The Manufacturers Life Insurance Company owned 0.18% of Adobe as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Nicholas Company Inc. increased its holdings in Adobe by 7.6% during the fourth quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock valued at $61,117,000 after buying an additional 12,400 shares during the last quarter. Wealthfront Advisers LLC boosted its stake in shares of Adobe by 13.2% during the 4th quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock worth $19,312,000 after acquiring an additional 6,426 shares during the last quarter. Orange Investment Advisors Inc. grew its position in shares of Adobe by 21.6% during the 4th quarter. Orange Investment Advisors Inc. now owns 29,541 shares of the software company’s stock valued at $10,339,000 after acquiring an additional 5,254 shares during the period. Ashton Thomas Private Wealth LLC grew its position in shares of Adobe by 92.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 22,876 shares of the software company’s stock valued at $8,007,000 after acquiring an additional 11,003 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Adobe in the 2nd quarter worth $2,289,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ADBE. Sanford C. Bernstein lowered their target price on Adobe from $447.00 to $379.00 and set an “outperform” rating on the stock in a research report on Friday, June 12th. Morgan Stanley cut Adobe from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $365.00 to $240.00 in a research report on Tuesday, July 21st. Wolfe Research downgraded Adobe from an “outperform” rating to a “peer perform” rating in a research note on Friday, June 12th. Freedom Capital lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Finally, Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, Adobe currently has an average rating of “Hold” and an average target price of $270.96.

Insider Activity at Adobe

In other Adobe news, Director David A. Ricks purchased 10,000 shares of the company’s stock in a transaction on Thursday, June 25th. The stock was acquired 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 of the company’s stock, valued at $3,434,074.05. This trade represents a 130.63% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $109,961.28. Following the sale, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.20% of the stock is currently owned by company insiders.

Adobe Trading Up 0.4%

Shares of ADBE stock opened at $276.27 on Tuesday. 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 stock has a fifty day simple moving average of $234.01 and a two-hundred day simple moving average of $244.68. The firm has a market capitalization of $109.82 billion, a PE ratio of 15.80, a PEG ratio of 0.93 and a beta of 1.40. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $370.86.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating the consensus estimate 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 return on equity of 65.11% and a net margin of 28.69%.The business’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $5.06 earnings per share. 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, analysts predict that Adobe Inc. will post 19.8 EPS for the current fiscal year.

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.