Nykredit A S Buys Shares of 662,502 Adobe Inc. $ADBE

Nykredit A S purchased a new stake in shares of Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to its most recent filing with the SEC. The firm purchased 662,502 shares of the software company’s stock, valued at approximately $135,826,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new stake in Adobe during the second quarter worth $8,437,821,000. State Street Corp boosted its position in shares of Adobe by 1.7% in the 3rd quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after buying an additional 352,448 shares in the last quarter. Geode Capital Management LLC grew its stake in Adobe by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock valued at $4,027,170,000 after acquiring an additional 414,049 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Adobe by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock worth $1,651,066,000 after acquiring an additional 563,772 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Adobe in the fourth quarter valued at about $2,275,165,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In other Adobe news, Director David A. Ricks bought 10,000 shares of Adobe stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the acquisition, the director owned 17,655 shares of the company’s stock, valued at $3,434,074.05. The trade was a 130.63% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the transaction, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.20% of the company’s stock.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe acquired India-based marketing-intelligence and AI-automation startup Rilo through a deal involving technology licensing and the addition of its team. The acquisition should strengthen Adobe’s “agentic” AI capabilities and represents its second Indian acquisition. Adobe acquires Indian market intelligence startup Rilo
• Positive Sentiment: Adobe is bringing Photoshop, Firefly, Acrobat, Express, Premiere, InDesign and more than 70 creative tools directly into Slack through an Adobe for Slack MCP app. Broader distribution through Slackbot could increase product usage, support AI adoption and create additional conversion opportunities. Adobe is making its tools available in Slack
• Positive Sentiment: Royal Bank of Canada raised its Adobe price target to $315 from $285 and maintained an “outperform” rating, citing potential upside from AI growth. Citi also raised its target to $301 ahead of Adobe’s fiscal third-quarter results, expecting a possible beat and raised outlook. Citi boosts Adobe price target before Q3 results
• Neutral Sentiment: Adobe’s $4 billion Saudi Arabia initiative will provide free access to AI tools for approximately 27 million people. The program could accelerate long-term adoption, but the headline figure represents the potential value of subscriptions rather than an immediate payment or revenue contribution. Saudi Arabia Adobe AI access initiative
• Negative Sentiment: Investors remain concerned that Google’s new AI image-creation and editing tool could pressure Adobe’s creative-software franchise. Canva, Figma and other AI-native competitors are also challenging Adobe’s moat, while analysts question how quickly Firefly and other AI products will convert free users into paying subscribers. Google AI competition could pressure Adobe
• Negative Sentiment: Although Adobe recently exceeded earnings and revenue expectations, its reduced annual revenue outlook has kept attention on slowing legacy Creative growth and the sustainability of subscription expansion. The next major catalyst is fiscal third-quarter earnings, scheduled for September 10. Adobe earnings outlook and analyst concerns

Adobe Trading Down 2.2%

NASDAQ ADBE opened at $279.79 on Thursday. The company has a market cap of $111.22 billion, a P/E ratio of 16.01, a P/E/G ratio of 1.00 and a beta of 1.42. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $370.86. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The company has a 50-day moving average of $246.07 and a 200-day moving average of $245.51.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. Adobe’s revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities analysts predict that Adobe Inc. will post 19.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on ADBE shares. Mizuho lowered their target price on Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a report on Friday, June 12th. UBS Group cut Adobe from a “buy” rating to an “equal weight” rating in a research report on Tuesday, July 21st. Dbs Bank lowered shares of Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Jefferies Financial Group lifted their price target on shares of Adobe from $230.00 to $285.00 and gave the stock a “hold” rating in a report on Sunday. Finally, Freedom Capital downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Seven research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $278.72.

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.