NewEdge Advisors LLC cut its position in Adobe Inc. (NASDAQ:ADBE – Free Report) by 10.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,433 shares of the software company’s stock after selling 3,398 shares during the quarter. NewEdge Advisors LLC’s holdings in Adobe were worth $6,912,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADBE. Western Pacific Wealth Management LP acquired a new position in shares of Adobe during the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Adobe in the third quarter worth about $26,000. TrustBank purchased a new stake in shares of Adobe in the fourth quarter valued at $28,000. Lloyd Advisory Services LLC. acquired a new position in Adobe during the fourth quarter valued at $31,000. Finally, Sankala Group LLC purchased a new stake in Adobe in the 4th quarter worth about $31,000. 81.79% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director David A. Ricks bought 10,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were purchased at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the stock in a transaction on Wednesday, July 29th. The stock was 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 of the company’s stock, valued at $1,010,797.92. The trade was a 9.81% decrease in their position. The SEC filing for this sale provides additional information. 0.20% of the stock is currently owned by corporate insiders.
More Adobe News
- Positive Sentiment: Adobe launched AI-powered product-discovery tools designed to help brands make their products more visible in shopping experiences powered by large language models. The initiative could create new monetization opportunities while strengthening Adobe’s position in digital commerce and marketing. Adobe rolls out AI-powered product discovery for LLM shopping
- Positive Sentiment: Adobe is reportedly bringing its creative ecosystem into ChatGPT through a unified plugin, potentially expanding access to Photoshop, Acrobat, and other tools and increasing the reach of its generative-AI products. Adobe is putting its entire creative ecosystem inside ChatGPT with one unified plugin
- Positive Sentiment: One recent comparison highlights Adobe’s dominant creative-software franchise, integrated generative-AI features, and roughly 30% net margin as reasons the stock may be attractive at its current valuation. Adobe vs. Arista Networks: Which Technology Stock Is a Better Buy in 2026?
- Neutral Sentiment: The recent rally appears to be extending Adobe’s short-term momentum, although the move itself does not provide new information about operating fundamentals. Adobe set to continue gains for seven straight sessions
- Negative Sentiment: Analysts remain cautious after Adobe underperformed the broader market, with skepticism focused on its growth outlook and the competitive impact of generative AI. This could limit upside despite the recent strength. What Are Wall Street Analysts’ Target Price for Adobe Stock?
Adobe Stock Performance
Adobe stock opened at $272.96 on Tuesday. The stock has a 50-day simple moving average of $228.06 and a 200 day simple moving average of $246.63. 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 Inc. has a 12-month low of $190.12 and a 12-month high of $370.86. The stock has a market capitalization of $108.50 billion, a price-to-earnings ratio of 15.62, a P/E/G ratio of 0.89 and a beta of 1.40.
Adobe (NASDAQ:ADBE – Get Free Report) last released its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating 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 company had revenue of $6.62 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period last year, the firm earned $5.06 EPS. The business’s revenue for the quarter 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 earnings per share for the current fiscal year.
Adobe declared that its board has approved a share repurchase program on Tuesday, April 21st that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the software company to reacquire up to 24.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. Jefferies Financial Group lowered their price target on shares of Adobe from $290.00 to $230.00 and set a “hold” rating on the stock in a report on Friday, June 12th. Mizuho decreased their price objective on shares of Adobe from $270.00 to $245.00 and set a “neutral” rating for the company in a report on Friday, June 12th. Wells Fargo & Company lowered their target price on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, June 12th. Evercore set a $225.00 target price on Adobe and gave the company an “in-line” rating in a report on Friday, June 12th. Finally, Phillip Securities cut Adobe from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Seven research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $269.81.
Get Our Latest Stock Report on ADBE
Adobe Company 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.
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