NEOS Investment Management LLC Purchases 26,830 Shares of Adobe Inc. $ADBE

NEOS Investment Management LLC boosted its position in shares of Adobe Inc. (NASDAQ:ADBE) by 9.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 312,506 shares of the software company’s stock after purchasing an additional 26,830 shares during the quarter. NEOS Investment Management LLC owned about 0.08% of Adobe worth $64,070,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Western Pacific Wealth Management LP purchased a new position in shares of Adobe during the fourth quarter valued at $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Adobe in the third quarter worth about $26,000. TrustBank bought a new position in Adobe during the 4th quarter worth about $28,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Adobe during the 2nd quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Adobe during the 4th quarter valued at about $31,000. 81.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ADBE. Wall Street Zen cut shares of Adobe from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings raised shares of Adobe from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday. Freedom Capital downgraded shares of Adobe from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. KeyCorp lowered their target price on Adobe from $235.00 to $195.00 and set an “underweight” rating for the company in a report on Friday, June 12th. Finally, UBS Group cut Adobe from a “buy” rating to an “equal weight” rating in a research report on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $278.72.

Adobe Trading Up 2.1%

Adobe stock opened at $285.75 on Friday. The stock has a 50-day moving average of $247.91 and a two-hundred day moving average of $245.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.75 and a current ratio of 0.75. Adobe Inc. has a one year low of $190.12 and a one year high of $370.86. The stock has a market cap of $113.59 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 0.97 and a beta of 1.42.

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 the consensus estimate of $5.82 by $0.14. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter last year, the company earned $5.06 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. 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, research analysts anticipate that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analysts see upside ahead of earnings. RBC raised its price target to $315 from $285 and maintained an “Outperform” rating, citing expectations that Adobe’s annual recurring revenue could exceed estimates. Adobe is scheduled to report fiscal third-quarter results on September 10. RBC raises Adobe price target
• Positive Sentiment: Adobe is expanding its AI and workflow ecosystem. The company acquired Indian marketing-intelligence startup Rilo through a deal involving technology licensing and the addition of its team, strengthening Adobe’s marketing-automation and “agentic AI” capabilities. Adobe also introduced an integration with Slack that brings more than 70 Photoshop, Firefly, Acrobat, Illustrator, Premiere and other tools into workplace chats. Adobe acquires Rilo
• Neutral Sentiment: New CEO named for December. Adobe appointed Anil Chakravarthy, who leads its Customer Experience Orchestration business and has overseen several AI products, as president and CEO effective December 1. Current CEO Shantanu Narayen will become executive chair and assist with the transition. Adobe announces CEO transition
• Negative Sentiment: Investors were disappointed by the CEO selection. Chakravarthy is an insider, but analysts said investors had been anticipating another longtime business leader for the role. The departure of that executive may signal additional leadership turnover, increasing concerns about strategic continuity during Adobe’s AI transformation. Why Adobe stock is under pressure
• Negative Sentiment: Competitive and valuation risks remain. Commentators warned that Google’s new AI-powered image-generation and editing tools could intensify competition with Adobe. Analysts remain divided, with some raising targets while others cite AI disruption risks and retain cautious ratings.

Insider Buying and Selling

In other Adobe news, CAO Jillian Forusz sold 416 shares of the company’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 transaction of $109,961.28. Following the transaction, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David A. Ricks purchased 10,000 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was bought at an average cost of $194.51 per share, with a total value of $1,945,100.00. Following 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 position. The disclosure for this purchase is available in the SEC filing. 0.20% of the stock is owned by company 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.