Candriam S.C.A. Purchases 26,867 Shares of Adobe Inc. $ADBE

Candriam S.C.A. grew its position in shares of Adobe Inc. (NASDAQ:ADBE) by 28.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 121,847 shares of the software company’s stock after buying an additional 26,867 shares during the quarter. Candriam S.C.A.’s holdings in Adobe were worth $29,619,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Western Pacific Wealth Management LP bought a new position in Adobe during the 4th quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Adobe during the third quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of Adobe during the third quarter valued at approximately $27,000. Beacon Financial Strategies CORP purchased a new stake in Adobe in the fourth quarter worth $28,000. Finally, Marquette Asset Management LLC boosted its holdings in Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock valued at $28,000 after acquiring an additional 34 shares in the last quarter. 81.79% of the stock is owned by institutional investors.

Adobe Stock Up 0.4%

NASDAQ:ADBE traded up $0.99 during trading hours on Friday, reaching $223.64. 3,205,588 shares of the company traded hands, compared to its average volume of 7,842,919. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.42. The business’s 50-day moving average price is $230.84 and its two-hundred day moving average price is $260.53. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $376.16. The stock has a market capitalization of $88.90 billion, a P/E ratio of 12.79, a P/E/G ratio of 0.75 and a beta of 1.43.

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, beating the consensus estimate 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 company’s revenue was up 12.7% on a year-over-year basis. 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. Analysts predict that Adobe Inc. will post 19.8 earnings per share for the current year.

Adobe declared that its Board of Directors has initiated a share repurchase plan on Tuesday, April 21st that allows the company to buyback $25.00 billion in outstanding shares. This buyback authorization allows the software company to purchase up to 24.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the completion of the sale, the chief accounting officer owned 3,521 shares of the company’s stock, valued at $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Ricks acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average price 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 in the company, valued at $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders sold a total of 77,091 shares of company stock valued at $18,782,773 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ADBE. TD Cowen reduced their price objective on shares of Adobe from $310.00 to $285.00 and set a “hold” rating on the stock in a research report on Monday, June 8th. Barclays reduced their price target on shares of Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday, June 12th. UBS Group set a $365.00 price objective on Adobe in a research report on Friday, June 12th. BTIG Research assumed coverage on Adobe in a research note on Monday, April 13th. They issued a “neutral” rating for the company. Finally, Summit Redstone set a $350.00 price target on Adobe in a research note on Friday, April 17th. Six research analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $275.00.

Adobe News Roundup

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s planned acquisition of Topaz Labs could strengthen its generative AI and video/image editing tools, supporting long-term product differentiation and monetization. Adobe (ADBE) to Acquire Topaz Labs
• Positive Sentiment: Another recent analysis highlighted Adobe’s acquisition of Rephrase.AI as a way to bolster generative AI video capabilities for e-commerce, which could broaden Adobe’s addressable market and improve growth prospects. Adobe’s Strategic Acquisition of Rephrase.AI to Bolster Generative AI Video Capabilities for E-commerce
• Neutral Sentiment: Market commentary from Seeking Alpha and other outlets suggested the stock may be oversold or viewed as a comeback candidate, but these were opinion pieces rather than new fundamentals. Adobe: Market Overreaction Creates A Highly Asymmetric Risk-Reward Opportunity
• Neutral Sentiment: Short-interest data showed no meaningful shares outstanding to short, so it does not appear to be adding real trading pressure or changing the investment case.
• Negative Sentiment: Bank of America reportedly downgraded Adobe to Underperform, arguing that AI tools could pressure Adobe’s growth rather than accelerate it, reinforcing investor concerns about competitive disruption. Bank of America Says AI Will Drag Down Adobe Stock
• Negative Sentiment: Additional headlines about users canceling Adobe Acrobat for cheaper alternatives may add to the narrative that pricing pressure and product substitution remain risks for the company.

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.