GAMMA Investing LLC Sells 2,987 Shares of Adobe Inc. $ADBE

GAMMA Investing LLC cut its holdings in Adobe Inc. (NASDAQ:ADBE) by 33.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,926 shares of the software company’s stock after selling 2,987 shares during the period. GAMMA Investing LLC’s holdings in Adobe were worth $1,215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Grant Private Wealth Management Inc purchased a new stake in shares of Adobe in the 2nd quarter worth $269,000. Prota Financial LLC raised its stake in shares of Adobe by 11.3% in the second quarter. Prota Financial LLC now owns 2,409 shares of the software company’s stock worth $508,000 after buying an additional 245 shares during the period. Wisconsin Wealth Advisors LLC raised its stake in shares of Adobe by 42.4% in the second quarter. Wisconsin Wealth Advisors LLC now owns 2,531 shares of the software company’s stock worth $519,000 after buying an additional 753 shares during the period. Central Pacific Bank Trust Division lifted its position in shares of Adobe by 30.3% during the 2nd quarter. Central Pacific Bank Trust Division now owns 977 shares of the software company’s stock valued at $200,000 after buying an additional 227 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. purchased a new position in shares of Adobe during the 2nd quarter valued at about $1,073,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe launched a unified ChatGPT plug-in that brings more than 70 creative and productivity tools—including Photoshop, Lightroom, Acrobat, image, video and PDF capabilities—directly into OpenAI’s chatbot. The integration could make Adobe’s products easier to access, expand usage and position the company as an AI enabler rather than an AI casualty. Adobe Debuts ChatGPT App Featuring All Its Programs
• Positive Sentiment: Recent coverage highlights Adobe’s valuation after its sharp sell-off. The company is still producing double-digit revenue growth, stable margins and substantial free cash flow, while its latest quarterly results exceeded earnings and revenue expectations. A recovery in investor sentiment or a valuation re-rating could provide significant upside. Buy the Dip or Run: 3 Software Stocks Down 50% Face Their Moment of Truth
• Positive Sentiment: Zacks characterized ADBE as both a long-term growth candidate and a strong value stock, reflecting its depressed valuation relative to historical levels and continuing earnings potential. Why Adobe Systems Is a Top Growth Stock for the Long-Term
• Neutral Sentiment: Akamai’s strong cloud and security results offer an indirect positive signal because Adobe is among its customers, but the report does not provide new information about Adobe’s financial performance. Akamai Beats Quarterly Estimates on Cloud Infrastructure Demand
• Negative Sentiment: Adobe remains one of the software companies targeted by AI-disruption concerns. AI-native competitors could pressure pricing, customer retention and growth, and promotional commentary warns of insider selling, talent departures and business-model changes. These claims are not confirmed in the supplied reporting, but they underscore the key risk investors are monitoring. These Are the Four Signs a Company Is About to Be Destroyed by AI

Insider Transactions at Adobe

In related news, Director David A. Ricks purchased 10,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 3,824 shares in the company, valued at $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup reissued a “market perform” rating on shares of Adobe in a report on Friday, June 12th. Dbs Bank downgraded shares of Adobe from a “moderate buy” rating to a “hold” rating in a report on Tuesday, May 19th. Mizuho dropped their price target on shares of Adobe from $270.00 to $245.00 and set a “neutral” rating for the company in a research report on Friday, June 12th. Royal Bank Of Canada reduced their price objective on shares of Adobe from $350.00 to $285.00 and set an “outperform” rating for the company in a research note on Monday, June 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Adobe in a research report on Wednesday, June 3rd. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and six have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $271.30.

Adobe Stock Up 1.9%

Shares of ADBE opened at $265.21 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $105.42 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 0.88 and a beta of 1.40. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $370.86. The business’s 50 day simple moving average is $228.08 and its 200-day simple moving average is $247.10.

Adobe (NASDAQ:ADBE) last posted its 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 analyst estimates of $6.45 billion. Adobe had a net margin of 28.69% and a return on equity of 65.11%. Adobe’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm 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. As a group, equities analysts expect that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

Adobe declared that its board has authorized a stock buyback plan on Tuesday, April 21st that authorizes the company to buyback $25.00 billion in outstanding shares. This buyback authorization authorizes the software company to reacquire up to 24.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its stock is undervalued.

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.