AMG National Trust Bank Has $235,000 Stock Position in Adobe Inc. $ADBE

AMG National Trust Bank reduced its holdings in Adobe Inc. (NASDAQ:ADBE) by 75.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 966 shares of the software company’s stock after selling 2,968 shares during the period. AMG National Trust Bank’s holdings in Adobe were worth $235,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Measured Wealth Private Client Group LLC acquired a new stake in shares of Adobe during the 3rd quarter valued at $26,000. Western Pacific Wealth Management LP acquired a new position in shares of Adobe in the fourth quarter worth $26,000. Beacon Financial Strategies CORP acquired a new position in shares of Adobe in the fourth quarter worth $28,000. TrustBank purchased a new stake in shares of Adobe during the fourth quarter worth $28,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Adobe during the third quarter worth $27,000. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Several recent commentary pieces argue Adobe is a compelling buying opportunity after its pullback, with bullish takes saying fear around “SaaSpocalypse” is fading and that the company’s long-standing software moat still supports the stock. Adobe: Generational Buying Opportunity As SaaSpocalypse Fear Fades
• Positive Sentiment: Adobe is also being highlighted in broader AI and digital commerce discussions, with its generative AI initiatives and prior Rephrase.AI acquisition cited as supporting future growth in content creation and marketing tools. E-Commerce Update – AI Transforming Digital Retail Through Innovation and Connectivity
• Positive Sentiment: Momentum-focused coverage from Zacks described Adobe as a top-ranked momentum stock, reinforcing the view that the shares could continue to attract buyers. Adobe Systems (ADBE) is a Top-Ranked Momentum Stock: Should You Buy?
• Neutral Sentiment: Some articles discuss Adobe within broader software valuation and AI-moat themes, but they are more industry commentary than direct catalysts for Adobe’s fundamentals. Alpha Buying: The Real Moats AI Can’t Replace
• Negative Sentiment: One piece suggests users can replace Adobe Acrobat with a faster open-source PDF toolkit, which may add to investor concerns about competition and pressure on Adobe’s document workflow business. I replaced Adobe Acrobat with a 10x faster, browser-based open-source PDF toolkit

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of recent research reports. Bank of America restated an “underperform” rating and issued a $190.00 target price on shares of Adobe in a research note on Tuesday, July 7th. HSBC raised Adobe from a “hold” rating to a “buy” rating and raised their price target for the stock from $282.00 to $308.00 in a research note on Thursday, July 2nd. Evercore set a $225.00 price target on Adobe and gave the company an “in-line” rating in a report on Friday, June 12th. Wolfe Research downgraded Adobe from an “outperform” rating to a “peer perform” rating in a report on Friday, June 12th. Finally, TD Cowen cut 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. Six equities research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $275.00.

Adobe Price Performance

NASDAQ ADBE opened at $235.31 on Friday. Adobe Inc. has a 1 year low of $190.12 and a 1 year high of $376.16. The company has a fifty day simple moving average of $228.89 and a 200 day simple moving average of $256.32. 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 company has a market cap of $93.54 billion, a P/E ratio of 13.46, a P/E/G ratio of 0.76 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last announced its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping the consensus estimate of $5.82 by $0.14. Adobe had a net margin of 28.69% and a return on equity of 65.11%. The firm had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter last year, the firm posted $5.06 EPS. The business’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, sell-side analysts predict that Adobe Inc. will post 19.81 EPS for the current year.

Adobe announced that its Board of Directors has initiated a stock repurchase program on Tuesday, April 21st that authorizes the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization authorizes the software company to buy up to 24.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Adobe news, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the transaction, the director owned 17,655 shares of the company’s stock, valued at approximately $3,434,074.05. This trade represents a 130.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Daniel Durn sold 1,336 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the sale, the chief financial officer owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. The trade was a 3.02% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 77,091 shares of company stock valued at $18,782,773. Company insiders own 0.20% of the company’s stock.

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.