AMG National Trust Bank Buys Shares of 6,869 Adobe Inc. $ADBE

Key Points

• AMG National Trust Bank opened a new Adobe position by purchasing 6,869 shares valued at approximately $1.4 million. Institutional investors collectively own 81.79% of Adobe’s outstanding stock.
• Adobe exceeded quarterly expectations, reporting $5.96 in EPS and $6.62 billion in revenue, with revenue up 12.7% year over year. The company also authorized a $25 billion share-repurchase plan.
• Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target of $269.81, despite several firms maintaining Buy or Outperform ratings.

AMG National Trust Bank purchased a new position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,869 shares of the software company's stock, valued at approximately $1,408,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in Adobe in the 4th quarter valued at about $2,275,165,000. Bank of New York Mellon Corp purchased a new position in Adobe during the second quarter worth approximately $954,468,000. AQR Capital Management LLC boosted its holdings in shares of Adobe by 55.2% in the 3rd quarter. AQR Capital Management LLC now owns 2,587,399 shares of the software company's stock valued at $912,705,000 after purchasing an additional 920,353 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Adobe during the 2nd quarter valued at $173,625,000. Finally, Amundi boosted its holdings in Adobe by 17.9% in the third quarter. Amundi now owns 4,888,283 shares of the software company's stock valued at $1,711,583,000 after acquiring an additional 742,646 shares during the last quarter. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Adobe

In other Adobe news, CAO Jillian Forusz sold 416 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total value of $109,961.28. Following the completion of the transaction, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. This represents a 9.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director David A. Ricks bought 10,000 shares of the firm's stock in a transaction 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 transaction, the director owned 17,655 shares in the company, valued at $3,434,074.05. The trade was a 130.63% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.20% of the company's stock.

Adobe Price Performance

NASDAQ:ADBE opened at $264.02 on Monday. 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 stock has a 50 day moving average of $228.64 and a 200-day moving average of $245.62. The firm has a market capitalization of $104.95 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.89 and a beta of 1.40. Adobe Inc. has a 52 week low of $190.12 and a 52 week high of $370.86.

Adobe (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $6.45 billion. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The business's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. Analysts predict that Adobe Inc. will post 19.81 EPS for the current year.

Adobe announced that its board has approved a stock repurchase plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in outstanding shares. This repurchase authorization allows the software company to repurchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have commented on ADBE. Evercore set a $225.00 price target on Adobe and gave the stock an "in-line" rating in a research note on Friday, June 12th. Sanford C. Bernstein dropped their target price on shares of Adobe from $447.00 to $379.00 and set an "outperform" rating for the company in a research report on Friday, June 12th. Jefferies Financial Group reduced their price target on shares of Adobe from $290.00 to $230.00 and set a "hold" rating on the stock in a research report on Friday, June 12th. Royal Bank Of Canada dropped their price objective on shares of Adobe from $350.00 to $285.00 and set an "outperform" rating for the company in a research report on Monday, June 8th. Finally, Citigroup restated a "market perform" rating on shares of Adobe in a report on Friday, June 12th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $269.81.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s AI business is showing stronger traction: the company has reported a series of record earnings, while AI-related revenue has reportedly tripled. That performance is helping challenge the view that generative AI will permanently weaken Adobe’s creative-software franchise. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?
• Positive Sentiment: ADBE has recovered substantially from its 2026 low as investors rotate back into beaten-down software stocks. The rebound suggests some investors believe Adobe’s earnings power and AI product expansion are being undervalued. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
• Neutral Sentiment: A rumored potential acquisition of Workday is being discussed as a possible catalyst, but there is no confirmed transaction. Any deal could expand Adobe’s enterprise software reach, while also introducing execution, financing, and integration risks. Adobe stock is taking off: Could a rumored Workday buyout push it higher?
• Neutral Sentiment: One strategy article recommends selling options to collect income while setting a lower potential purchase price for Adobe. This may appeal to bullish, income-oriented investors, but it is not a fundamental catalyst and reflects continued caution about the stock’s near-term path. ADBE Stock: Collect 12% While Setting A 30%-Off Buy Price
• Negative Sentiment: Adobe remains one of the most heavily punished large-cap software stocks after losing roughly one-third from its peak. Investors continue to question whether generative AI could erode demand for its core creative products, even as recent results have been strong. That unresolved concern likely helps explain the pressure on ADBE today. Adobe Stock Eyes Rebound. Is This a Golden AI Opportunity?

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.

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