Commerzbank Aktiengesellschaft FI Buys Shares of 49,359 Adobe Inc. $ADBE

Commerzbank Aktiengesellschaft FI purchased a new stake in Adobe Inc. (NASDAQ:ADBE) during the second quarter, according to its most recent filing with the SEC. The firm purchased 49,359 shares of the software company’s stock, valued at approximately $10,120,000.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock valued at $3,588,000 after purchasing an additional 167 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Adobe by 25.5% in the second quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock worth $926,000 after purchasing an additional 486 shares in the last quarter. United Bank lifted its position in shares of Adobe by 12.8% during the second quarter. United Bank now owns 3,773 shares of the software company’s stock valued at $1,460,000 after buying an additional 428 shares during the last quarter. Schnieders Capital Management LLC. lifted its position in shares of Adobe by 7.8% during the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock valued at $1,017,000 after buying an additional 190 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its holdings in shares of Adobe by 190.6% in the 2nd quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock valued at $1,069,000 after buying an additional 1,813 shares in the last quarter. 81.79% of the stock is owned by institutional investors.

Adobe Stock Performance

ADBE opened at $254.04 on Tuesday. Adobe Inc. has a 52-week low of $190.12 and a 52-week 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. The company has a market cap of $100.98 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40. The firm’s 50-day moving average price is $228.82 and its 200-day moving average price is $245.32.

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 firm had revenue of $6.62 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last 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. As a group, equities analysts anticipate that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Adobe announced that its board has authorized a stock buyback plan on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to reacquire up to 24.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ADBE. Bank of America reaffirmed an “underperform” rating and issued a $190.00 price objective on shares of Adobe in a research report on Tuesday, July 7th. Barclays decreased their target price on shares of Adobe from $275.00 to $250.00 and set an “equal weight” rating for the company in a research report on Friday, June 12th. Dbs Bank downgraded shares of Adobe from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 19th. TD Cowen cut their price target on shares of Adobe from $310.00 to $285.00 and set a “hold” rating on the stock in a report on Monday, June 8th. Finally, KeyCorp reduced their price target on Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research report on Friday, June 12th. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $269.81.

Insiders Place Their Bets

In related news, Director David A. Ricks purchased 10,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was acquired at an average price of $194.51 per share, with a total value 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. This represents a 130.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company 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.