7,461 Shares in Adobe Inc. $ADBE Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,461 shares of the software company’s stock, valued at approximately $1,530,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Western Pacific Wealth Management LP bought a new position in Adobe during the 4th quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe in the 3rd quarter worth about $26,000. TrustBank bought a new stake in Adobe in the 4th quarter valued at about $28,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in Adobe in the 2nd quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Adobe in the fourth quarter valued at approximately $31,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Up 0.8%

NASDAQ:ADBE opened at $291.52 on Friday. The stock has a fifty day simple moving average of $240.67 and a 200 day simple moving average of $245.14. The firm has a market capitalization of $115.88 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.40. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $370.86. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42.

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

Analyst Ratings Changes

Several equities analysts have recently issued reports on ADBE shares. Phillip Securities downgraded Adobe from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Dbs Bank lowered Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Stifel Nicolaus reissued a “hold” rating and issued a $200.00 price target (down from $350.00) on shares of Adobe in a research note on Friday, June 12th. CLSA assumed coverage on shares of Adobe in a research note on Monday, July 20th. They set an “outperform” rating and a $300.00 price objective on the stock. Finally, Citigroup reiterated a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $270.96.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s stock broke above technical resistance near $275 and $285 and reclaimed key moving averages. Analysts identified potential upside targets around $306.30 and $330.61, while a developing “golden cross” pattern is supporting bullish momentum ahead of the company’s upcoming earnings report. Adobe Stock Breakout Targets $306, Then $330 as ADBE Reverses
• Positive Sentiment: Strong results and guidance remain a fundamental support. Adobe’s latest quarter exceeded consensus estimates for both earnings and revenue, with revenue up 12.7% year over year; management’s fiscal 2026 EPS guidance is $24.35–$24.45.
• Positive Sentiment: Adobe is expanding AI capabilities across Photoshop, Firefly, Acrobat and Adobe Express. Photoshop’s optional prompt-based AI editing mode could improve product engagement and reinforce Adobe’s competitive position in creative software. Adobe Photoshop Adds a Whole New AI Editing Mode
• Positive Sentiment: An expanded, multiyear partnership with Stagwell will integrate Adobe’s data intelligence, creative transformation and AI tools into enterprise marketing initiatives, potentially supporting customer acquisition and retention. Stagwell Expands Strategic Partnership with Adobe
• Neutral Sentiment: Adobe benefited from a broader enterprise-software rally after Salesforce reported strong results, raised guidance and announced an Anthropic partnership. The move is a sector read-through rather than an Adobe-specific financial update. Salesforce Soars as Enterprise Software Rebounds
• Negative Sentiment: A comparison with Shopify suggests Adobe is lagging in AI-driven ecommerce, where Shopify is benefiting from faster gross merchandise volume growth, greater payments adoption and expanding agentic-commerce capabilities. This may raise concerns about Adobe’s relative growth opportunities outside its core creative and document franchises. SHOP vs. ADBE: Which Stock Has the Edge in AI-Driven Ecommerce?

Insider Activity

In other news, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction that occurred 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 completion of the acquisition, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.