Adobe Inc. $ADBE Shares Purchased by South Dakota Investment Council

South Dakota Investment Council increased its position in Adobe Inc. (NASDAQ:ADBE) by 16.8% in the first quarter, HoldingsChannel.com reports. The fund owned 49,927 shares of the software company’s stock after buying an additional 7,178 shares during the period. South Dakota Investment Council’s holdings in Adobe were worth $12,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADBE. State Street Corp increased its holdings in shares of Adobe by 1.7% in the third quarter. State Street Corp now owns 20,632,009 shares of the software company’s stock valued at $7,277,941,000 after purchasing an additional 352,448 shares during the period. Geode Capital Management LLC raised its stake in shares of Adobe by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 11,531,678 shares of the software company’s stock worth $4,027,170,000 after purchasing an additional 414,049 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Adobe by 9.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,792,275 shares of the software company’s stock worth $1,651,066,000 after purchasing an additional 563,772 shares during the period. Norges Bank acquired a new stake in shares of Adobe during the fourth quarter worth about $2,275,165,000. Finally, Invesco Ltd. boosted its position in Adobe by 6.2% in the fourth quarter. Invesco Ltd. now owns 5,119,025 shares of the software company’s stock valued at $1,791,607,000 after buying an additional 297,337 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Activity

In other news, Director David A. Ricks purchased 10,000 shares of the stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following the completion of the acquisition, the director 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by corporate insiders.

Adobe Stock Up 5.7%

Shares of ADBE stock opened at $263.43 on Thursday. Adobe Inc. has a twelve month low of $190.12 and a twelve month high of $370.86. The stock has a market cap of $104.71 billion, a P/E ratio of 15.07, a P/E/G ratio of 0.84 and a beta of 1.43. The stock has a 50 day moving average of $226.50 and a 200 day moving average of $249.43. 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 (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping the consensus estimate of $5.82 by $0.14. The business had revenue of $6.62 billion for the quarter, compared to analyst estimates of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior 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. As a group, sell-side analysts expect that Adobe Inc. will post 19.81 EPS for the current year.

Adobe announced that its board has initiated a stock repurchase program on Tuesday, April 21st that permits the company to buyback $25.00 billion in outstanding shares. This buyback authorization permits the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wolfe Research downgraded shares of Adobe from an “outperform” rating to a “peer perform” rating in a report on Friday, June 12th. CLSA started coverage on shares of Adobe in a report on Monday, July 20th. They issued an “outperform” rating and a $300.00 price objective on the stock. BTIG Research began coverage on shares of Adobe in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. KeyCorp reduced their target price on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a report on Friday, June 12th. Finally, Evercore set a $225.00 target price on shares of Adobe and gave the company an “in-line” rating in a research report on Friday, June 12th. Seven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and six have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $271.30.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: FTC approval removes a key deal risk: U.S. regulators granted early approval for Adobe’s acquisition of Topaz Labs, a developer of AI-powered image-enhancement tools. The clearance reduces antitrust uncertainty and allows Adobe to advance the transaction, strengthening its creative-AI product portfolio. FTC Grants Early Approval for Adobe’s Acquisition of Topaz Labs
• Positive Sentiment: Topaz Labs deal reinforces the AI growth narrative: Investors appear to view the acquisition as a way for Adobe to add specialized image-quality and enhancement capabilities to its broader creative ecosystem. The deal supports the thesis that rising AI-generated content could increase demand for professional editing, verification and workflow tools. Why Is Adobe Stock Climbing Today
• Neutral Sentiment: Adobe continues to build credibility around responsible AI: The company joined the Open Source AI Cybersecurity Alliance, which is focused on shared defenses and standards for safer AI systems. The move may improve Adobe’s positioning with enterprise customers, although it is unlikely to have an immediate financial effect. Adobe Joins Open Source AI Cybersecurity Alliance
• Neutral Sentiment: Creator and education initiatives provide brand support: Pearson’s 2026 Adobe Certified Professional World Championship highlighted student use of Adobe’s creative software. The event supports ecosystem engagement and brand visibility but has limited direct impact on near-term revenue or earnings. Pearson Names Certiport 2026 Adobe Certified Professional World Champion
• Negative Sentiment: Competitive and execution risks remain: Commentary comparing Adobe Express with Canva and analysis noting uncertainty around Adobe’s AI transition underscore concerns about competition, monetization and whether new AI features can accelerate growth enough to offset disruption from generative-AI tools.

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.