MidFirst Bank Makes New Investment in Adobe Inc. $ADBE

MidFirst Bank purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,821 shares of the software company’s stock, valued at approximately $3,787,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ADBE. Brighton Jones LLC lifted its position in Adobe by 2.1% during 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 in the last quarter. Sivia Capital Partners LLC increased its position 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 buying an additional 486 shares in the last quarter. United Bank raised its stake in shares of Adobe by 12.8% in the second quarter. United Bank now owns 3,773 shares of the software company’s stock worth $1,460,000 after buying an additional 428 shares during the period. Schnieders Capital Management LLC. raised its stake in shares of Adobe by 7.8% in the second quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock worth $1,017,000 after buying an additional 190 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in shares of Adobe by 190.6% during 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 currently owned by hedge funds and other institutional investors.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe unveiled a major expansion of its creative agent across Firefly and Creative Cloud, including Photoshop and Premiere, to automate multi-step workflows and improve productivity. Adobe Unveils Major Expansion of Creative Agent Across Firefly and Creative Cloud Apps Including Photoshop and Premiere
• Positive Sentiment: The company added its AI assistant to Premiere, Illustrator, InDesign and Frame.io, extending agentic AI capabilities deeper into its core workflow tools. Adobe adds its AI assistant to Premiere, Illustrator and InDesign
• Positive Sentiment: Adobe introduced GenStudio for Commerce Media Networks and Brand Visibility, new AI-focused offerings aimed at helping customers manage content, improve discoverability, and drive marketing results. Introducing Adobe Brand Visibility: A Unified Solution for the AI Search Era
• Positive Sentiment: Adobe and LinkedIn launched a global AI skills initiative, reinforcing Adobe’s ecosystem and positioning in AI education and marketing workflows. Adobe and LinkedIn Launch Global AI Skills Initiative to Empower the Next Generation of Marketers

Insider Buying and Selling

In related news, CFO Daniel Durn sold 1,336 shares of the company’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $248.02, for a total transaction of $331,354.72. Following the completion of the transaction, the chief financial officer owned 42,833 shares in the company, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 755 shares of Adobe stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the sale, the chief accounting officer owned 3,521 shares in the company, valued at approximately $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 77,091 shares of company stock worth $18,782,773. 0.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ADBE has been the topic of a number of recent analyst reports. The Goldman Sachs Group decreased their target price on shares of Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research note on Friday, June 12th. Royal Bank Of Canada dropped their price target on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating for the company in a research report on Monday, June 8th. BMO Capital Markets reduced their price objective on shares of Adobe from $285.00 to $230.00 and set a “market perform” rating for the company in a research note on Friday, June 12th. Jefferies Financial Group decreased their price objective on shares of Adobe from $290.00 to $230.00 and set a “hold” rating on the stock in a research report on Friday, June 12th. Finally, Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Five research 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’s stock. According to MarketBeat.com, Adobe has a consensus rating of “Hold” and a consensus target price of $278.16.

Adobe Stock Down 0.3%

NASDAQ ADBE opened at $195.64 on Friday. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $392.58. The company has a current ratio of 0.75, a quick ratio of 0.91 and a debt-to-equity ratio of 0.42. The stock has a market cap of $77.77 billion, a PE ratio of 11.19, a P/E/G ratio of 0.69 and a beta of 1.42. The stock’s 50 day moving average is $241.25 and its 200 day moving average is $275.02.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data 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 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%. The company’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. Research analysts predict that Adobe Inc. will post 19.73 EPS for the current fiscal year.

Adobe declared that its Board of Directors has approved a share 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 repurchase up to 24.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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.