Mediolanum International Funds Ltd Buys 5,840 Shares of Adobe Inc. $ADBE

Mediolanum International Funds Ltd raised its stake in Adobe Inc. (NASDAQ:ADBE) by 5.1% during the first quarter, Holdings Channel reports. The fund owned 120,027 shares of the software company’s stock after buying an additional 5,840 shares during the period. Mediolanum International Funds Ltd’s holdings in Adobe were worth $28,942,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Spartan Wealth Advisory Services LLC bought a new position in shares of Adobe during the 1st quarter valued at approximately $225,000. Drystone LLC bought a new stake in shares of Adobe in the 1st quarter worth approximately $2,521,000. Aviance Capital Partners LLC raised its holdings in shares of Adobe by 34.6% in the 1st quarter. Aviance Capital Partners LLC now owns 11,066 shares of the software company’s stock worth $2,690,000 after purchasing an additional 2,846 shares during the period. Aurora Investment Counsel lifted its stake in Adobe by 8.1% in the first quarter. Aurora Investment Counsel now owns 7,655 shares of the software company’s stock valued at $1,861,000 after purchasing an additional 572 shares during the last quarter. Finally, German American Bancorp Inc. lifted its stake in Adobe by 15.7% in the first quarter. German American Bancorp Inc. now owns 1,848 shares of the software company’s stock valued at $449,000 after purchasing an additional 251 shares during the last quarter. 81.79% of the stock is owned by institutional investors.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Multiple reports highlight Adobe’s attractive valuation, with some investors viewing the selloff as creating a buying opportunity and even raising the possibility that the company could become a takeover target. Is Adobe (ADBE) a Takeover Target? Rumors Are Swirling
• Positive Sentiment: Adobe was compared favorably with Autodesk on revenue trends, with Adobe showing larger scale and consistent quarter-over-quarter growth over the last eight quarters, which supports the case for durable business momentum. Adobe vs. Autodesk: What Revenue Trends Reveal About These Software Stocks
• Positive Sentiment: Several pieces frame Adobe as a potential beneficiary of the market’s reassessment of software stocks, arguing that AI is pressuring recurring-revenue models but that strong companies like Adobe are adapting and may emerge as relative winners. How to Find the Bargains in the Software Stock Wreckage
• Positive Sentiment: Commentary on Adobe’s “compelling valuation” and “generational buying opportunity” suggests investors are increasingly seeing the stock as undervalued despite intensifying competition. Adobe: Compelling Valuation Even Amid Intensifying Competition
• Positive Sentiment: Broader software-sector analysis also points to Adobe as having real competitive moats that AI may not easily replace, reinforcing confidence in the company’s long-term positioning. Alpha Buying: The Real Moats AI Can’t Replace
• Neutral Sentiment: Additional coverage on e-commerce and digital media trends mentions Adobe’s AI-related efforts, including its acquisition of Rephrase.AI, but the article is more about industry innovation than a direct catalyst for the stock. E-Commerce Update – AI Transforming Digital Retail Through Innovation and Connectivity
• Negative Sentiment: One article noted that an open-source browser-based PDF toolkit can replace Adobe Acrobat, highlighting ongoing competitive pressure in one of Adobe’s core product areas. I replaced Adobe Acrobat with a 10x faster, browser-based open-source PDF toolkit

Adobe Stock Up 0.8%

ADBE opened at $237.25 on Friday. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $376.16. The company has a market cap of $94.31 billion, a PE ratio of 13.57, a price-to-earnings-growth ratio of 0.80 and a beta of 1.43. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $228.58 and a 200 day moving average of $256.19.

Adobe (NASDAQ:ADBE) last issued 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 business had revenue of $6.62 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.06 EPS. 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, sell-side analysts expect that Adobe Inc. will post 19.81 EPS for the current year.

Adobe declared that its Board of Directors has approved a stock repurchase plan on Tuesday, April 21st that permits the company to buyback $25.00 billion in shares. This buyback authorization permits the software company to reacquire up to 24.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

ADBE has been the subject of a number of recent research reports. Mizuho decreased their target price on Adobe from $270.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Barclays dropped their price target on Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th. Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. DA Davidson decreased their price objective on Adobe from $300.00 to $250.00 and set a “buy” rating for the company in a report on Friday, June 12th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $200.00 price objective (down from $350.00) on shares of Adobe in a research note on Friday, June 12th. Six research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $275.00.

Insider Buying and Selling

In related news, CAO Jillian Forusz sold 755 shares of the stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $246.25, for a total transaction of $185,918.75. Following the sale, the chief accounting officer owned 3,521 shares of the company’s stock, valued at approximately $867,046.25. This represents a 17.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $248.02, for a total value of $331,354.72. Following the sale, the chief financial officer directly owned 42,833 shares in the company, valued at $10,623,440.66. This trade represents a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 77,091 shares of company stock valued at $18,782,773. 0.20% of the stock is owned by company insiders.

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.