Commerce Bank Invests $15.71 Million in Adobe Inc. $ADBE

Commerce Bank bought a new position in Adobe Inc. (NASDAQ:ADBE) during the second quarter, HoldingsChannel reports. The firm bought 76,618 shares of the software company’s stock, valued at approximately $15,708,000.

Several other hedge funds have also bought and sold shares of ADBE. Western Pacific Wealth Management LP bought a new stake in Adobe during the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe during the third quarter valued at about $26,000. TrustBank bought a new position in Adobe in the 4th quarter valued at about $28,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Adobe during the 2nd quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. acquired a new position in Adobe during the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Price Performance

Adobe stock opened at $275.30 on Friday. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $370.86. The company’s 50 day moving average price is $232.61 and its two-hundred day moving average price is $244.99. The stock has a market cap of $109.43 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.93 and a beta of 1.40. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.42.

Adobe (NASDAQ:ADBE) last released its earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.82 by $0.14. The company had revenue of $6.62 billion during 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%.Adobe’s quarterly revenue 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. On average, equities analysts predict that Adobe Inc. will post 19.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ADBE shares. Royal Bank Of Canada lowered their price objective on Adobe from $350.00 to $285.00 and set an “outperform” rating for the company in a research note on Monday, June 8th. JPMorgan Chase & Co. cut their target price on Adobe from $420.00 to $340.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Morgan Stanley downgraded Adobe from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $365.00 to $240.00 in a report on Tuesday, July 21st. Evercore set a $225.00 price target on Adobe and gave the company an “in-line” rating in a research report on Friday, June 12th. Finally, Sanford C. Bernstein dropped their price objective on Adobe from $447.00 to $379.00 and set an “outperform” rating on the stock in a research note on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $270.96.

Insiders Place Their Bets

In other Adobe news, 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 completion of the transaction, the chief accounting officer owned 3,824 shares in the company, valued at $1,010,797.92. This represents a 9.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David A. Ricks bought 10,000 shares of the stock in a transaction dated Thursday, June 25th. The shares were acquired at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the purchase, the director directly owned 17,655 shares in the company, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.20% of the stock is owned by corporate insiders.

More Adobe News

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

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.