Adobe Inc. $ADBE Shares Bought by Trilogy Capital Inc.

Trilogy Capital Inc. boosted its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 26.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,735 shares of the software company’s stock after buying an additional 3,282 shares during the quarter. Trilogy Capital Inc.’s holdings in Adobe were worth $3,226,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Western Pacific Wealth Management LP purchased a new stake in shares of Adobe in the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Adobe during the third quarter worth $26,000. TrustBank purchased a new position in shares of Adobe during the fourth quarter worth $28,000. Lloyd Advisory Services LLC. acquired a new position in Adobe during the fourth quarter valued at $31,000. Finally, Sankala Group LLC acquired a new position in Adobe during the fourth quarter valued at $31,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Adobe Trading Up 2.4%

Shares of Adobe stock opened at $257.49 on Wednesday. The firm has a 50-day simple moving average of $227.16 and a two-hundred day simple moving average of $247.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $370.86. The company has a market cap of $102.35 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 0.85 and a beta of 1.40.

Adobe (NASDAQ:ADBE) last posted its earnings results 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 return on equity of 65.11% and a net margin of 28.69%.The firm had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the firm earned $5.06 EPS. The company’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. As a group, equities analysts predict that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Adobe declared that its board has authorized a share buyback program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in shares. This buyback authorization authorizes the software company to purchase up to 24.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Mizuho cut their price target on Adobe from $270.00 to $245.00 and set a “neutral” rating on the stock in a research report on Friday, June 12th. KeyCorp decreased their price objective on Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a report on Friday, June 12th. Barclays lowered their target price on Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Friday, June 12th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Adobe in a report on Wednesday, June 3rd. Finally, Oppenheimer reiterated a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Adobe currently has a consensus rating of “Hold” and an average target price of $271.30.

Insider Buying and Selling

In other Adobe news, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director directly owned 17,655 shares of the company’s stock, valued at $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction that occurred on 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 directly owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.20% of the company’s stock.

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.