Adobe Inc. $ADBE Stock Position Lessened by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 94.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 251 shares of the software company’s stock after selling 4,569 shares during the period. OLD Second National Bank of Aurora’s holdings in Adobe were worth $61,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of ADBE. State Street Corp lifted its holdings in Adobe by 1.7% in the third quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock worth $7,277,941,000 after purchasing an additional 352,448 shares during the period. Geode Capital Management LLC increased its stake in Adobe by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock valued at $4,027,170,000 after buying an additional 414,049 shares during the period. Norges Bank bought a new stake in shares of Adobe during the 4th quarter worth about $2,275,165,000. Arrowstreet Capital Limited Partnership raised its position in shares of Adobe by 10.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 6,228,503 shares of the software company’s stock worth $2,179,914,000 after buying an additional 611,358 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Adobe by 6.2% in the 4th quarter. Invesco Ltd. now owns 5,119,025 shares of the software company’s stock worth $1,791,607,000 after acquiring an additional 297,337 shares during the period. 81.79% of the stock is currently owned by institutional investors.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe announced a definitive agreement to acquire Topaz Labs, an AI image and video enhancement company. Investors may view the deal as a strategic move to strengthen Creative Cloud with better generative AI tools and improve its competitive position. Adobe to Acquire Topaz Labs
• Positive Sentiment: A director, David A. Ricks, bought 10,000 shares at $194.51 each, boosting his stake by more than 130%. Insider buying can signal confidence in Adobe’s outlook after the stock’s pullback. David A. Ricks insider trade
• Positive Sentiment: Recent earnings were strong: Adobe posted record revenue of $6.62 billion and EPS of $5.96, both above estimates, and raised its full-year guidance. That supports the case that the business is still growing despite AI-related worries. Adobe Stock Opinions on Recent Q2 Earnings Report
• Neutral Sentiment: Industry commentary and analyst notes continue to highlight Adobe’s strong cash flow and leadership in creative software, but also raise questions about valuation and competitive pressure from AI tools. Adobe vs. Innodata: Which Technology Stock Is a Better Buy in 2026?
• Negative Sentiment: Adobe remains well below recent highs, and some investors are still focused on whether generative AI could pressure core products like Creative Cloud. This helps explain why the stock has been volatile despite the upbeat news flow.

Adobe Stock Performance

NASDAQ:ADBE opened at $202.73 on Friday. The company has a 50-day moving average of $236.56 and a 200-day moving average of $269.83. The firm has a market cap of $80.59 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 0.68 and a beta of 1.42. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $392.58.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping analysts’ consensus estimates of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The business had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same period in the previous year, the firm earned $5.06 EPS. The business’s revenue for the quarter 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. Analysts forecast that Adobe Inc. will post 19.8 earnings per share for the current fiscal year.

Adobe announced that its board has initiated a stock buyback program on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to buy up to 24.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

ADBE has been the subject of several recent analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $200.00 price objective (down from $350.00) on shares of Adobe in a report on Friday, June 12th. Wall Street Zen raised Adobe from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Wolfe Research downgraded Adobe from an “outperform” rating to a “peer perform” rating in a research report on Friday, June 12th. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Finally, Freedom Capital cut Adobe from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Five investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $278.16.

Insider Buying and Selling

In other news, CEO Shantanu Narayen sold 75,000 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $243.54, for a total transaction of $18,265,500.00. Following the completion of the sale, the chief executive officer owned 359,538 shares in the company, valued at approximately $87,561,884.52. This represents a 17.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $10,623,440.66. This represents a 3.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 77,091 shares of company stock worth $18,782,773 over the last three months. Corporate insiders own 0.20% of the company’s stock.

About Adobe

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.