Korea Investment CORP Purchases Shares of 237,758 Adobe Inc. $ADBE

Korea Investment CORP purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to its most recent filing with the SEC. The firm purchased 237,758 shares of the software company’s stock, valued at approximately $48,745,000. Korea Investment CORP owned 0.06% of Adobe at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Adobe in the 2nd quarter valued at about $8,437,821,000. Norges Bank acquired a new stake in Adobe during the fourth quarter worth approximately $2,275,165,000. Bank of New York Mellon Corp bought a new stake in Adobe in the second quarter worth approximately $954,468,000. Deutsche Bank AG bought a new stake in Adobe in the second quarter worth approximately $750,203,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Adobe in the second quarter worth approximately $211,248,000. 81.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ADBE. Oppenheimer restated a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Mizuho lowered their price objective on shares of Adobe from $270.00 to $245.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. HSBC upgraded shares of Adobe from a “hold” rating to a “buy” rating and boosted their target price for the company from $282.00 to $308.00 in a research report on Thursday, July 2nd. BMO Capital Markets cut their target price on shares of Adobe from $285.00 to $230.00 and set a “market perform” rating on the stock in a research note on Friday, June 12th. Finally, Weiss Ratings cut shares of Adobe from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, August 17th. Seven 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $270.96.

Adobe Stock Up 1.1%

Shares of NASDAQ:ADBE opened at $275.30 on Friday. 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 52-week low of $190.12 and a 52-week high of $370.86. The business’s 50 day simple moving average is $232.61 and its two-hundred day simple moving average is $244.99. The firm has a market cap of $109.43 billion, a P/E ratio of 15.75, a PEG ratio of 0.93 and a beta of 1.40.

Adobe (NASDAQ:ADBE) last released 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. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the previous year, the company posted $5.06 earnings per share. 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, research analysts forecast that Adobe Inc. will post 19.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, 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 transaction of $109,961.28. Following the completion of the transaction, the chief accounting officer directly owned 3,824 shares in the company, valued at $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David A. Ricks bought 10,000 shares of the firm’s stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the transaction, the director 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 disclosure for this purchase is available in the SEC filing. Insiders own 0.20% of the company’s stock.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bank of America raised its Adobe price target, citing the company’s potential to monetize AI and its positioning within a broader software-sector rally. The forecast increase has reinforced bullish sentiment toward ADBE. Bank of America price-target increase
• Positive Sentiment: Adobe expanded Firefly’s capabilities by making AI-generated music, voiceovers, and sound effects broadly available. The move strengthens Adobe’s creative-AI product portfolio and could support new user adoption, engagement, and revenue opportunities. Adobe Firefly audio tools
• Positive Sentiment: An Adobe survey reported that 87% of creators say AI is helping them grow their businesses. The findings support demand for Adobe’s AI tools, although survey data is not a direct measure of financial performance. Adobe creator AI report
• Neutral Sentiment: Several analysts and market commentators describe Adobe’s valuation as attractive after its recovery, with some viewing the rebound as the beginning of a stronger turnaround. However, the stock’s outlook remains dependent on converting AI interest into sustained growth and cash flow. Adobe recovery analysis
• Negative Sentiment: Adobe has risen roughly 45% from its 2026 low, prompting caution that much of the near-term recovery may already be priced in. One analysis recommends taking some profits despite still-reasonable valuation metrics. Adobe rally and valuation analysis
• Negative Sentiment: Commentary warning that profitability alone cannot protect companies from intensifying competition highlights a longer-term risk for Adobe, particularly as generative-AI rivals pressure pricing and product differentiation. Profitability and competition analysis

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.