Meeder Advisory Services Inc. Invests $1.75 Million in Adobe Inc. $ADBE

Meeder Advisory Services Inc. bought a new stake in Adobe Inc. (NASDAQ:ADBE) during the second quarter, Holdings Channel reports. The institutional investor bought 8,514 shares of the software company’s stock, valued at approximately $1,746,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Adobe during the 2nd quarter worth $8,437,821,000. Norges Bank purchased a new stake in shares of Adobe in the fourth quarter valued at about $2,275,165,000. Bank of New York Mellon Corp purchased a new stake in shares of Adobe in the second quarter valued at about $954,468,000. Deutsche Bank AG acquired a new stake in shares of Adobe during the second quarter worth about $750,203,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Adobe during the second quarter worth about $211,248,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Trading Up 3.6%

Shares of Adobe stock opened at $263.14 on Wednesday. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $370.86. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42. The company’s 50-day simple moving average is $229.32 and its 200-day simple moving average is $245.06. The firm has a market cap of $104.60 billion, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.82 by $0.14. The firm had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $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. As a group, equities research analysts anticipate that Adobe Inc. will post 19.81 earnings per share for the current year.

Adobe declared that its board has authorized a share 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 purchase up to 24.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other Adobe news, Director David A. Ricks bought 10,000 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was acquired at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the purchase, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. This represents a 130.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Jillian Forusz sold 416 shares of the firm’s stock in a transaction that occurred 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 directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ADBE. CLSA began coverage on Adobe in a report on Monday, July 20th. They set an “outperform” rating and a $300.00 price target on the stock. DA Davidson decreased their price objective on Adobe from $300.00 to $250.00 and set a “buy” rating for the company in a research report on Friday, June 12th. Bank of America reiterated an “underperform” rating and issued a $190.00 target price on shares of Adobe in a research note on Tuesday, July 7th. Wells Fargo & Company dropped their target price on Adobe from $330.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Finally, Evercore set a $225.00 price target on Adobe and gave the stock an “in-line” rating in a research note 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 MarketBeat.com, Adobe presently has a consensus rating of “Hold” and a consensus target price of $269.81.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s shift toward a freemium model for AI-powered tools— including holding off on price increases to expand its user base—could accelerate adoption and support its goal of double-digit annual recurring-revenue growth. Recent share-price momentum has also prompted renewed debate over whether the stock is below fair value. Is Adobe Below Fair Value On Its Freemium AI Push?
• Positive Sentiment: Investor rotation out of semiconductor stocks and into beaten-down technology names helped lift Adobe, along with Netflix and Salesforce. This suggests part of the move reflected broader sector positioning rather than a new company-specific announcement. Netflix, Salesforce, and Adobe Rally
• Positive Sentiment: In a comparison with DocuSign, Motley Fool analysts favored Adobe, reinforcing the view that Adobe remains a profitable, established software leader with an attractive valuation and meaningful AI opportunity. Docusign: A Cheap Turnaround or an AI Disruption Risk?
• Neutral Sentiment: Analyst coverage describes Adobe as being in a holding pattern while it awaits new management and evaluates the freemium transition, limiting near-term conviction despite the potential for wider AI adoption. Adobe in Holding Pattern
• Negative Sentiment: Some investors remain concerned that even successful AI execution may not quickly repair Adobe’s damaged market narrative. The company must prove that freemium tools can convert users into durable, profitable revenue growth. Adobe: Even If It Wins With AI, the Market May Take Years to Forgive

Adobe Company 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.