NewEdge Advisors LLC Sells 7,604 Shares of Adobe Inc. $ADBE

Key Points

• NewEdge Advisors reduced its Adobe stake by 26.7% in the second quarter, selling 7,604 shares and retaining 20,829 shares valued at approximately $4.27 million. Institutional investors collectively own 81.79% of Adobe.
• Adobe’s latest quarterly results exceeded expectations, with revenue rising 12.9% year over year to $6.76 billion and EPS reaching $6.13. The company issued fiscal 2026 EPS guidance of $24.45–$24.50.
• Analyst sentiment remains mixed: Adobe has an overall “Hold” rating and a consensus price target of $282.68, while concerns persist over slower recurring-revenue growth, competition, AI monetization and the CEO transition.

NewEdge Advisors LLC lessened its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 26.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 20,829 shares of the software company's stock after selling 7,604 shares during the period. NewEdge Advisors LLC's holdings in Adobe were worth $4,270,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TrustBank acquired a new position in shares of Adobe during the fourth quarter valued at about $28,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Adobe in the 4th quarter worth about $31,000. Sankala Group LLC bought a new position in Adobe in the 4th quarter valued at about $31,000. Hyposwiss Advisors SA acquired a new position in Adobe during the 4th quarter valued at about $35,000. Finally, Abound Financial LLC acquired a new position in Adobe during the 4th quarter valued at about $37,000. Institutional investors own 81.79% of the company's stock.

Insider Activity

In related news, CAO Jillian Forusz sold 416 shares of the business's stock in a transaction dated Wednesday, July 29th. The stock was 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Ricks bought 10,000 shares of Adobe stock in a transaction dated 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 purchase, the director directly owned 17,655 shares of the company's stock, valued at approximately $3,434,074.05. This represents a 130.63% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.20% of the company's stock.

Adobe Trading Down 3.0%

NASDAQ:ADBE opened at $257.76 on Wednesday. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $370.86. The company has a current ratio of 0.77, a quick ratio of 0.75 and a debt-to-equity ratio of 0.41. The firm's 50 day moving average is $255.22 and its 200 day moving average is $245.70. The stock has a market capitalization of $102.46 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 0.92 and a beta of 1.42.

Adobe (NASDAQ:ADBE - Get Free Report) last released its earnings results on Thursday, September 10th. The software company reported $6.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.08 by $0.05. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $6.69 billion. Adobe had a return on equity of 65.65% and a net margin of 28.05%.The business's revenue for the quarter was up 12.9% on a year-over-year basis. During the same period last year, the business posted $5.31 earnings per share. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. Sell-side analysts expect that Adobe Inc. will post 20.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

ADBE has been the subject of several analyst reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $315.00 price objective on shares of Adobe in a research note on Friday, September 11th. Barclays lifted their target price on Adobe from $250.00 to $295.00 and gave the company an "equal weight" rating in a research report on Thursday, September 3rd. Phillip Securities lowered Adobe from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 29th. HSBC upgraded 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. Finally, Citizens Jmp reiterated a "market perform" rating on shares of Adobe in a research note on Friday, September 11th. Seven investment analysts have rated the stock with a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $282.68.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s fiscal Q3 2026 revenue increased 13% year over year to $6.76 billion, exceeding expectations, while adjusted EPS of $6.13 also beat consensus. Management raised its fiscal 2026 revenue and earnings targets, reinforcing the company’s cash-generation and profitability profile. Should You Buy Adobe Stock At $260?
• Positive Sentiment: AI-first annualized recurring revenue reportedly surged more than 150%, and Adobe’s new AI-powered Student Spaces features could broaden product adoption. These developments helped Adobe shares rise alongside enterprise software stocks as investors rotated away from AI hardware and semiconductor names. Adobe Stock Jumps 4.2% as Investors Reassess the AI Software Trade
• Positive Sentiment: Some commentators view Adobe as significantly undervalued after its recent decline, citing free-cash-flow margins above 40% and the possibility of a short squeeze if sentiment improves. DA Davidson also raised its price target to $290 and maintained a buy rating. Jim Cramer Says Adobe Could Be a Short-Squeeze Candidate
• Neutral Sentiment: Investor debate centers on whether Adobe’s large user base and AI product expansion will translate into stronger monetization. The company has about $27.5 billion in annualized recurring revenue, but analysts are waiting for clearer evidence that AI adoption accelerates growth.
• Negative Sentiment: Adobe maintained its fiscal 2026 ending ARR growth target at 10.2%, while new ARR and forward guidance remained a concern. Analysts also cited competition, the freemium strategy and uncertainty surrounding the CEO transition as reasons for caution. Analysts Are Punting Their Calls Into the Next Quarter After Adobe’s Mixed Earnings
• Negative Sentiment: KeyCorp reiterated an “Underweight” rating and a $195 price target, well below recent trading levels, reflecting concern that earnings growth may not offset slower recurring-revenue expansion. Recent insider activity has also consisted entirely of sales, including sales by CEO Shantanu Narayen. Adobe analyst estimates and market data

Adobe Profile

Adobe Inc NASDAQ: ADBE develops software and services used for digital content creation, document management and digital experiences. The company serves creative professionals, marketers, enterprises, educators and consumers worldwide through subscription-based and cloud-enabled products.

Adobe's Creative Cloud portfolio includes applications such as Photoshop, Illustrator, InDesign, Premiere Pro and After Effects, along with related tools for photography, graphic design, video production and web development.

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