Adobe Inc. $ADBE Shares Sold by AMG National Trust Bank

Posted by ABMN Staff on Jul 17th, 2026

AMG National Trust Bank cut its position in Adobe Inc. (NASDAQ:ADBE – Free Report) by 75.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 966 shares of the software company’s stock after selling 2,968 shares during the quarter. AMG National Trust Bank’s holdings in Adobe were worth $235,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Adobe by 2.1% in the fourth quarter. Brighton Jones LLC now owns 8,068 shares of the software company’s stock worth $3,588,000 after purchasing an additional 167 shares during the period. Sivia Capital Partners LLC increased its stake in Adobe by 25.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 2,394 shares of the software company’s stock valued at $926,000 after buying an additional 486 shares during the period. United Bank raised its position in shares of Adobe by 12.8% during the 2nd quarter. United Bank now owns 3,773 shares of the software company’s stock worth $1,460,000 after buying an additional 428 shares in the last quarter. Schnieders Capital Management LLC. raised its position in shares of Adobe by 7.8% during the 2nd quarter. Schnieders Capital Management LLC. now owns 2,630 shares of the software company’s stock worth $1,017,000 after buying an additional 190 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position in shares of Adobe by 190.6% during the 2nd quarter. Gamco Investors INC. ET AL now owns 2,764 shares of the software company’s stock worth $1,069,000 after buying an additional 1,813 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Stock Performance

Shares of ADBE opened at $235.31 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. The firm’s 50 day moving average is $228.89 and its 200-day moving average is $256.32. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $376.16. The stock has a market capitalization 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 – Get Free Report) last released its earnings results on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, beating the consensus estimate 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 net margin of 28.69% and a return on equity of 65.11%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business earned $5.06 earnings per share. 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 research analysts anticipate that Adobe Inc. will post 19.81 EPS for the current fiscal year.

Adobe announced that its board has initiated a share buyback plan 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 stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. TD Cowen decreased their price objective on shares of Adobe from $310.00 to $285.00 and set a “hold” rating for the company in a report on Monday, June 8th. Evercore set a $225.00 target price on Adobe and gave the stock an “in-line” rating in a report on Friday, June 12th. Citigroup restated a “market perform” rating on shares of Adobe in a research report on Friday, June 12th. Freedom Capital lowered Adobe from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Finally, The Goldman Sachs Group lowered their price target on Adobe from $220.00 to $190.00 and set a “sell” rating on the stock in a research report on Friday, June 12th. Six equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $275.00.

Check Out Our Latest Stock Analysis on ADBE

Insider Buying and Selling

In related news, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were purchased at an average price of $194.51 per share, for a total transaction of $1,945,100.00. Following the acquisition, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jillian Forusz sold 755 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $246.25, for a total transaction of $185,918.75. Following the sale, the chief accounting officer directly owned 3,521 shares of the company’s stock, valued at $867,046.25. This represents a 17.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 77,091 shares of company stock worth $18,782,773. Company insiders own 0.20% of the company’s stock.

Adobe News Summary

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

About Adobe

(Free Report)

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.