NewEdge Advisors LLC Sells 3,398 Shares of Adobe Inc. $ADBE

NewEdge Advisors LLC reduced its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 10.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 28,433 shares of the software company’s stock after selling 3,398 shares during the period. NewEdge Advisors LLC’s holdings in Adobe were worth $6,912,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ADBE. Measured Wealth Private Client Group LLC bought a new position in Adobe during the 3rd quarter worth $26,000. Western Pacific Wealth Management LP bought a new stake in shares of Adobe in the 4th quarter valued at about $26,000. TrustBank bought a new stake in shares of Adobe in the 4th quarter valued at about $28,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Adobe in the fourth quarter valued at about $31,000. Finally, Sankala Group LLC bought a new position in shares of Adobe during the fourth quarter worth about $31,000. Institutional investors 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 the firm’s 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 directly owned 3,824 shares in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David A. Ricks bought 10,000 shares of Adobe stock in a transaction dated 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 purchase, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.20% of the stock is currently owned by company insiders.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• 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?

Analysts Set New Price Targets

A number of research firms recently commented on ADBE. Oppenheimer reaffirmed a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. JPMorgan Chase & Co. lowered their price target on shares of Adobe from $420.00 to $340.00 and set an “overweight” rating for the company in a report on Friday, June 12th. Bank of America restated an “underperform” rating and issued a $190.00 price target on shares of Adobe in a research report on Tuesday, July 7th. Barclays reduced their price objective on shares of Adobe from $275.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Friday, June 12th. Finally, Wells Fargo & Company lowered their target price on shares of Adobe from $330.00 to $250.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Seven equities research 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. According to MarketBeat.com, Adobe has a consensus rating of “Hold” and an average price target of $269.81.

Adobe Trading Up 2.9%

ADBE opened at $272.96 on Tuesday. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $370.86. The firm has a market capitalization of $108.50 billion, a PE ratio of 15.62, a P/E/G ratio of 0.89 and a beta of 1.40. 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 company’s 50-day moving average is $228.06 and its 200 day moving average is $246.63.

Adobe (NASDAQ:ADBE) last released its quarterly earnings results on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.82 by $0.14. The business 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 quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.06 EPS. 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, research analysts predict that Adobe Inc. will post 19.81 earnings per share for the current fiscal year.

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

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.