Susquehanna Fundamental Investments LLC Sells 225,691 Shares of Adobe Inc. $ADBE

Susquehanna Fundamental Investments LLC cut its position in Adobe Inc. (NASDAQ:ADBE) by 90.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,025 shares of the software company’s stock after selling 225,691 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Adobe were worth $5,131,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of ADBE. Sigma Planning Corp raised its position in Adobe by 2.1% in the 2nd quarter. Sigma Planning Corp now owns 4,053 shares of the software company’s stock valued at $831,000 after purchasing an additional 83 shares during the last quarter. Benjamin Edwards Inc. boosted its position in Adobe by 277.4% in the 2nd quarter. Benjamin Edwards Inc. now owns 8,819 shares of the software company’s stock valued at $1,808,000 after buying an additional 6,482 shares during the last quarter. GTS Securities LLC boosted its holdings in Adobe by 264.3% in the second quarter. GTS Securities LLC now owns 7,108 shares of the software company’s stock valued at $1,457,000 after acquiring an additional 5,157 shares during the last quarter. Flputnam Investment Management Co. boosted its stake in shares of Adobe by 826.8% in the 2nd quarter. Flputnam Investment Management Co. now owns 24,894 shares of the software company’s stock valued at $5,104,000 after purchasing an additional 22,208 shares during the last quarter. Finally, Thornburg Investment Management Inc. boosted its stake in Adobe by 55.5% in the second quarter. Thornburg Investment Management Inc. now owns 269,807 shares of the software company’s stock valued at $55,316,000 after acquiring an additional 96,292 shares during the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Insider Buying and Selling at Adobe

In other Adobe news, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the completion of the transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David A. Ricks acquired 10,000 shares of the firm’s stock in a transaction 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 completion of the acquisition, the director owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.20% of the company’s stock.

Adobe Stock Performance

Shares of ADBE opened at $292.79 on Tuesday. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $370.86. The firm has a fifty day simple moving average of $242.63 and a 200 day simple moving average of $245.19. The stock has a market capitalization of $116.38 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 0.98 and a beta of 1.40. 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 posted its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $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. Research analysts forecast that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on ADBE. Robert W. Baird decreased their target price on Adobe from $270.00 to $230.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. JPMorgan Chase & Co. cut their target price on shares of Adobe from $420.00 to $340.00 and set an “overweight” rating on the stock in a report on Friday, June 12th. Wolfe Research lowered shares of Adobe from an “outperform” rating to a “peer perform” rating in a report on Friday, June 12th. Barclays lowered their price objective on shares of Adobe from $275.00 to $250.00 and set an “equal weight” rating for the company in a research report on Friday, June 12th. Finally, Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, July 4th. Seven 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 stock. According to MarketBeat, Adobe presently has a consensus rating of “Hold” and a consensus target price of $272.80.

More Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s AI-driven customer-experience business is gaining momentum, with accelerating AI-first annual recurring revenue, broader adoption of AI agents and deeper ecosystem partnerships. The trend supports Adobe’s ability to compete with Salesforce and Microsoft in enterprise software. Adobe’s AI-Driven CXO Growth Strengthens Against CRM & Microsoft
• Positive Sentiment: Improving sentiment toward software stocks is also supportive. Recent earnings from major software companies have suggested that AI is expanding demand rather than rapidly eroding traditional software businesses, easing “SaaSpocalypse” concerns that had pressured the sector. The SaaSpocalypse Trade Is Cracking
• Neutral Sentiment: Adobe expanded its partnership with Saudi Arabia’s Ministry of Communications and Information Technology and HUMAIN. The agreement provides more than 27 million eligible citizens and residents with 12 months of free access to Firefly and Adobe Express, representing over $4 billion in stated access value. The initiative could increase long-term adoption and support Saudi Arabia’s creative economy, although free access may delay near-term monetization. Adobe to Offer Free Access to AI Tools in Saudi Arabia
• Neutral Sentiment: Adobe will release fiscal third-quarter 2026 results after the market closes on September 10, followed by an investor conference call. The report is a major near-term catalyst, with options markets implying substantial potential volatility around earnings. Adobe to Announce Q3 FY2026 Earnings Results
• Negative Sentiment: Analysts remain cautious because Adobe has significantly lagged the S&P 500 over the past year, and the upcoming earnings report must demonstrate that AI-related growth can translate into sustained revenue and subscription expansion. Is Adobe Stock Underperforming the S&P 500?

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.