Northwestern Mutual Wealth Management Co. Sells 13,701 Shares of Adobe Inc. $ADBE

Northwestern Mutual Wealth Management Co. trimmed its position in Adobe Inc. (NASDAQ:ADBE) by 21.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 50,278 shares of the software company’s stock after selling 13,701 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Adobe were worth $10,308,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Western Pacific Wealth Management LP purchased a new position in shares of Adobe in the fourth quarter worth $26,000. Measured Wealth Private Client Group LLC acquired a new position in Adobe in the 3rd quarter worth about $26,000. TrustBank acquired a new position in Adobe during the fourth quarter worth $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Adobe in the 2nd quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of Adobe during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ADBE shares. UBS Group cut shares of Adobe from a “buy” rating to an “equal weight” rating in a research note on Tuesday, July 21st. Mizuho cut their price objective on Adobe from $270.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Oppenheimer reissued a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. CLSA started coverage on shares of Adobe in a research note on Monday, July 20th. They issued an “outperform” rating and a $300.00 price objective for the company. Finally, Citizens Jmp reiterated a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Seven investment 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $278.72.

Insider Activity

In other news, CAO Jillian Forusz sold 416 shares of the firm’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the sale, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director David A. Ricks acquired 10,000 shares of the stock in a transaction on 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 acquisition, the director directly owned 17,655 shares in the company, valued at $3,434,074.05. This represents a 130.63% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.20% of the company’s stock.

More 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 Stock Performance

Shares of ADBE stock opened at $279.79 on Thursday. The stock’s 50-day moving average is $246.07 and its two-hundred day moving average is $245.51. The firm has a market cap of $111.22 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.00 and a beta of 1.42. 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 1 year low of $190.12 and a 1 year high of $370.86.

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

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.