GTS Securities LLC Raises Stake in Adobe Inc. $ADBE

Key Points

• GTS Securities increased its Adobe stake by 264.3% in the second quarter, bringing its holdings to 7,108 shares worth approximately $1.46 million. Institutional investors collectively own 81.79% of Adobe.
• Analyst sentiment remains cautious, with seven Buy, 21 Hold and five Sell ratings; Adobe has a consensus “Hold” rating and an average price target of $270.96.
• Adobe exceeded quarterly earnings and revenue estimates, reporting $5.96 EPS and $6.62 billion in revenue, up 12.7% year over year. The company also issued fiscal 2026 EPS guidance of $24.35–$24.45 while continuing to expand AI features across its products.

GTS Securities LLC lifted its stake in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 264.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,108 shares of the software company's stock after purchasing an additional 5,157 shares during the quarter. GTS Securities LLC's holdings in Adobe were worth $1,457,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Flputnam Investment Management Co. boosted its holdings in Adobe by 826.8% during the second quarter. Flputnam Investment Management Co. now owns 24,894 shares of the software company's stock worth $5,104,000 after buying an additional 22,208 shares in the last quarter. Thornburg Investment Management Inc. grew its position in Adobe by 55.5% during the second quarter. Thornburg Investment Management Inc. now owns 269,807 shares of the software company's stock worth $55,316,000 after buying an additional 96,292 shares during the period. Greenwood Capital Associates LLC increased its holdings in Adobe by 12.9% in the second quarter. Greenwood Capital Associates LLC now owns 19,622 shares of the software company's stock valued at $4,023,000 after buying an additional 2,246 shares in the last quarter. Delta Asset Management LLC TN increased its holdings in Adobe by 2.3% in the second quarter. Delta Asset Management LLC TN now owns 25,928 shares of the software company's stock valued at $5,316,000 after buying an additional 581 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Adobe by 0.4% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,045,547 shares of the software company's stock valued at $1,034,438,000 after acquiring an additional 18,995 shares during the period. Hedge funds and other institutional investors own 81.79% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on ADBE. Royal Bank Of Canada decreased their price target on Adobe from $350.00 to $285.00 and set an "outperform" rating on the stock in a research note on Monday, June 8th. HSBC raised Adobe from a "hold" rating to a "buy" rating and raised their price objective for the company from $282.00 to $308.00 in a research note on Thursday, July 2nd. Freedom Capital downgraded Adobe from a "strong-buy" rating to a "hold" rating in a research report on Friday, June 12th. TD Cowen decreased their target price on Adobe from $310.00 to $285.00 and set a "hold" rating on the stock in a research report on Monday, June 8th. Finally, Jefferies Financial Group lowered their target price on Adobe from $290.00 to $230.00 and set a "hold" rating on the stock in a report on Friday, June 12th. 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. According to data from MarketBeat, Adobe presently has an average rating of "Hold" and a consensus target price of $270.96.

Insiders Place Their Bets

In related news, Director David A. Ricks acquired 10,000 shares of Adobe stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the completion of the transaction, the director directly owned 17,655 shares of the company's stock, valued at $3,434,074.05. The trade was a 130.63% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Jillian Forusz sold 416 shares of the stock in a transaction on Wednesday, July 29th. The shares were 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 approximately $1,010,797.92. The trade was a 9.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.20% of the company's stock.

Adobe Trading Up 0.8%

Shares of ADBE opened at $291.52 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. Adobe Inc. has a 1-year low of $190.12 and a 1-year high of $370.86. The stock has a market cap of $115.88 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 0.98 and a beta of 1.40. The firm has a 50 day simple moving average of $240.67 and a 200-day simple moving average of $245.14.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its 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 firm had revenue of $6.62 billion for 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%.Adobe's revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company 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. Equities analysts forecast that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s stock broke above technical resistance near $275 and $285 and reclaimed key moving averages. Analysts identified potential upside targets around $306.30 and $330.61, while a developing “golden cross” pattern is supporting bullish momentum ahead of the company’s upcoming earnings report. Adobe Stock Breakout Targets $306, Then $330 as ADBE Reverses
• Positive Sentiment: Strong results and guidance remain a fundamental support. Adobe’s latest quarter exceeded consensus estimates for both earnings and revenue, with revenue up 12.7% year over year; management’s fiscal 2026 EPS guidance is $24.35–$24.45.
• Positive Sentiment: Adobe is expanding AI capabilities across Photoshop, Firefly, Acrobat and Adobe Express. Photoshop’s optional prompt-based AI editing mode could improve product engagement and reinforce Adobe’s competitive position in creative software. Adobe Photoshop Adds a Whole New AI Editing Mode
• Positive Sentiment: An expanded, multiyear partnership with Stagwell will integrate Adobe’s data intelligence, creative transformation and AI tools into enterprise marketing initiatives, potentially supporting customer acquisition and retention. Stagwell Expands Strategic Partnership with Adobe
• Neutral Sentiment: Adobe benefited from a broader enterprise-software rally after Salesforce reported strong results, raised guidance and announced an Anthropic partnership. The move is a sector read-through rather than an Adobe-specific financial update. Salesforce Soars as Enterprise Software Rebounds
• Negative Sentiment: A comparison with Shopify suggests Adobe is lagging in AI-driven ecommerce, where Shopify is benefiting from faster gross merchandise volume growth, greater payments adoption and expanding agentic-commerce capabilities. This may raise concerns about Adobe’s relative growth opportunities outside its core creative and document franchises. SHOP vs. ADBE: Which Stock Has the Edge in AI-Driven Ecommerce?

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.

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