S&CO Inc. Makes New $796,000 Investment in Adobe Inc. $ADBE

S&CO Inc. bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 3,887 shares of the software company’s stock, valued at approximately $796,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Adobe in the fourth quarter worth about $2,275,165,000. AQR Capital Management LLC lifted its holdings in Adobe by 55.2% during the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company’s stock valued at $912,705,000 after buying an additional 920,353 shares in the last quarter. Amundi boosted its position in Adobe by 17.9% in the 3rd quarter. Amundi now owns 4,888,283 shares of the software company’s stock valued at $1,711,583,000 after buying an additional 742,646 shares during the period. State of Michigan Retirement System boosted its position in Adobe by 566.1% in the 1st quarter. State of Michigan Retirement System now owns 820,823 shares of the software company’s stock valued at $199,526,000 after buying an additional 697,600 shares during the period. Finally, AMF Tjanstepension AB bought a new position in Adobe in the 1st quarter worth about $167,494,000. 81.79% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Adobe news, Director David A. Ricks acquired 10,000 shares of Adobe stock in a transaction that occurred on Thursday, June 25th. The stock was bought at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the purchase, the director directly owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the company’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total value of $109,961.28. Following the sale, the chief accounting officer owned 3,824 shares of the company’s stock, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.20% of the company’s stock.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s AI business is showing stronger traction: the company has reported a series of record earnings, while AI-related revenue has reportedly tripled. That performance is helping challenge the view that generative AI will permanently weaken Adobe’s creative-software franchise. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?
• Positive Sentiment: ADBE has recovered substantially from its 2026 low as investors rotate back into beaten-down software stocks. The rebound suggests some investors believe Adobe’s earnings power and AI product expansion are being undervalued. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
• Neutral Sentiment: A rumored potential acquisition of Workday is being discussed as a possible catalyst, but there is no confirmed transaction. Any deal could expand Adobe’s enterprise software reach, while also introducing execution, financing, and integration risks. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
• Neutral Sentiment: One strategy article recommends selling options to collect income while setting a lower potential purchase price for Adobe. This may appeal to bullish, income-oriented investors, but it is not a fundamental catalyst and reflects continued caution about the stock’s near-term path. ADBE Stock: Collect 12% While Setting A 30%-Off Buy Price
• Negative Sentiment: Adobe remains one of the most heavily punished large-cap software stocks after losing roughly one-third from its peak. Investors continue to question whether generative AI could erode demand for its core creative products, even as recent results have been strong. That unresolved concern likely helps explain the pressure on ADBE today. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup reaffirmed a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Dbs Bank lowered Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. UBS Group lowered Adobe from a “buy” rating to an “equal weight” rating in a report on Tuesday, July 21st. Citizens Jmp reissued a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Finally, Freedom Capital downgraded Adobe from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Seven equities 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 data from MarketBeat, Adobe currently has an average rating of “Hold” and a consensus price target of $269.81.

Adobe Trading Down 2.4%

NASDAQ ADBE opened at $264.02 on Friday. Adobe Inc. has a one year low of $190.12 and a one year high of $370.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $104.95 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40. The company’s 50-day simple moving average is $228.64 and its two-hundred day simple moving average is $246.04.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping the consensus estimate of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the company earned $5.06 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. Adobe has set its FY 2026 guidance at 24.350-24.450 EPS and its Q3 2026 guidance at 6.050-6.100 EPS. Equities analysts forecast that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Adobe announced that its Board of Directors has authorized a share repurchase plan 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 shares through open market purchases. Shares buyback plans are usually an indication that the company’s board of directors 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.