Ieq Capital LLC Acquires New Holdings in Adobe Inc. $ADBE

Ieq Capital LLC bought a new position in shares of Adobe Inc. (NASDAQ:ADBE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 109,004 shares of the software company’s stock, valued at approximately $22,348,000.

Other large investors have also recently made changes to their positions in the company. Nicholas Company Inc. grew its holdings in shares of Adobe by 7.6% during the fourth quarter. Nicholas Company Inc. now owns 174,626 shares of the software company’s stock valued at $61,117,000 after buying an additional 12,400 shares during the last quarter. Wealthfront Advisers LLC raised its stake in Adobe by 13.2% in the 4th quarter. Wealthfront Advisers LLC now owns 55,179 shares of the software company’s stock worth $19,312,000 after acquiring an additional 6,426 shares during the last quarter. Orange Investment Advisors Inc. lifted its position in Adobe by 21.6% during the 4th quarter. Orange Investment Advisors Inc. now owns 29,541 shares of the software company’s stock worth $10,339,000 after acquiring an additional 5,254 shares during the period. Ashton Thomas Private Wealth LLC grew its stake in Adobe by 92.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 22,876 shares of the software company’s stock valued at $8,007,000 after purchasing an additional 11,003 shares during the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Adobe during the 2nd quarter valued at about $2,289,000. 81.79% of the stock is owned by institutional investors.

Adobe Stock Up 1.1%

ADBE stock opened at $275.30 on Friday. The company has a fifty day moving average price of $232.61 and a 200 day moving average price of $244.99. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $370.86. The company has a market cap of $109.43 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, topping analysts’ consensus estimates 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%. Adobe’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Sell-side analysts expect that Adobe Inc. will post 19.81 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Stifel Nicolaus restated a “hold” rating and issued a $200.00 price objective (down from $350.00) on shares of Adobe in a research note on Friday, June 12th. Phillip Securities lowered shares of Adobe from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. BMO Capital Markets decreased 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. Royal Bank Of Canada cut their price objective on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating on the stock in a research note on Monday, June 8th. Finally, UBS Group cut shares of Adobe from a “buy” rating to an “equal weight” rating in a report on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Adobe has a consensus rating of “Hold” and a consensus target price of $270.96.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bank of America raised its Adobe price target, citing the company’s potential to monetize AI and its positioning within a broader software-sector rally. The forecast increase has reinforced bullish sentiment toward ADBE. Bank of America price-target increase
• Positive Sentiment: Adobe expanded Firefly’s capabilities by making AI-generated music, voiceovers, and sound effects broadly available. The move strengthens Adobe’s creative-AI product portfolio and could support new user adoption, engagement, and revenue opportunities. Adobe Firefly audio tools
• Positive Sentiment: An Adobe survey reported that 87% of creators say AI is helping them grow their businesses. The findings support demand for Adobe’s AI tools, although survey data is not a direct measure of financial performance. Adobe creator AI report
• Neutral Sentiment: Several analysts and market commentators describe Adobe’s valuation as attractive after its recovery, with some viewing the rebound as the beginning of a stronger turnaround. However, the stock’s outlook remains dependent on converting AI interest into sustained growth and cash flow. Adobe recovery analysis
• Negative Sentiment: Adobe has risen roughly 45% from its 2026 low, prompting caution that much of the near-term recovery may already be priced in. One analysis recommends taking some profits despite still-reasonable valuation metrics. Adobe rally and valuation analysis
• Negative Sentiment: Commentary warning that profitability alone cannot protect companies from intensifying competition highlights a longer-term risk for Adobe, particularly as generative-AI rivals pressure pricing and product differentiation. Profitability and competition analysis

Insider Activity

In related news, CAO Jillian Forusz sold 416 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the transaction, the chief accounting officer owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This trade represents a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David A. Ricks purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The stock was bought at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the transaction, the director directly owned 17,655 shares in the company, valued at $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.20% of the stock is currently owned by corporate insiders.

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.