Glenmede Trust Co. NA Sells 137,196 Shares of Adobe Inc. $ADBE

Glenmede Trust Co. NA reduced its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 57.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,697 shares of the software company’s stock after selling 137,196 shares during the quarter. Glenmede Trust Co. NA’s holdings in Adobe were worth $24,477,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ADBE. Western Pacific Wealth Management LP bought a new stake in Adobe during the 4th quarter valued at $26,000. Measured Wealth Private Client Group LLC bought a new position in shares of Adobe in the third quarter worth $26,000. TrustBank bought a new position in shares of Adobe in the fourth quarter worth $28,000. Lloyd Advisory Services LLC. purchased a new position in shares of Adobe in the fourth quarter valued at $31,000. Finally, Sankala Group LLC purchased a new position in shares of Adobe in the fourth quarter valued at $31,000. 81.79% of the stock is owned by institutional investors.

Adobe Stock Up 1.0%

Shares of NASDAQ ADBE opened at $250.41 on Friday. 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 business has a 50-day moving average of $226.69 and a 200-day moving average of $248.84. The firm has a market capitalization of $99.54 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 0.84 and a beta of 1.43. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $370.86.

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

Adobe declared that its Board of Directors has approved a stock repurchase 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 repurchase up to 24.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

ADBE has been the topic of a number of analyst reports. KeyCorp decreased their price objective on Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research note on Friday, June 12th. Citizens Jmp restated a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Bank of America reaffirmed an “underperform” rating and set a $190.00 target price on shares of Adobe in a report on Tuesday, July 7th. Phillip Securities cut Adobe from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, DA Davidson lowered their price target on shares of Adobe from $300.00 to $250.00 and set a “buy” 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 assigned a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $271.30.

Key Adobe News

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s latest AI acquisition reportedly cleared Washington without significant regulatory obstacles, removing a potential deal risk and strengthening the company’s efforts to expand AI-powered creative tools. Adobe’s latest AI acquisition just breezed through Washington
• Positive Sentiment: Recent commentary argues that AI is enhancing Adobe’s business rather than replacing it, potentially supporting new monetization opportunities, stronger customer engagement and a rebuilding of the company’s growth engine. Adobe’s latest quarterly results also showed roughly 13% year-over-year revenue growth and performance above analyst expectations. Adobe: How AI Is Enhancing Its Business, Not Killing It
• Positive Sentiment: Investors are also considering ways to participate in Adobe’s AI upside while hedging risks, suggesting that the stock remains a significant target for AI-related trading and positioning. As Adobe monetizes AI, here’s a way to trade it and hedge against risks
• Neutral Sentiment: Analyst and investor views remain divided. Some see Adobe’s valuation and free-cash-flow generation as attractive, while others remain concerned about AI disruption, software-sector weakness and the need to restore faster growth. Adobe Stock Trades Below The Market on Earnings While Its Growth Engine Is Being Rebuilt
• Negative Sentiment: Adobe Chief Accounting Officer Jillian Forusz sold 416 shares worth approximately $110,000. The transaction was relatively small, but it adds to a pattern of insider selling that may weigh modestly on sentiment. SEC Form 4 filing
• Negative Sentiment: A reported collapse of a highly leveraged AI hedge fund and forced selling of AI-infrastructure positions could reinforce broader caution around crowded AI trades and software-sector volatility, although it does not directly affect Adobe’s operations. AI hedge fund collapses after margin calls

Insider Buying and Selling at Adobe

In related news, Director David A. Ricks acquired 10,000 shares of the stock in a transaction dated 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 transaction, the director owned 17,655 shares in the company, valued at $3,434,074.05. This represents a 130.63% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jillian Forusz sold 416 shares of Adobe stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $264.33, for a total transaction of $109,961.28. Following the sale, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. This represents a 9.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.20% of the company’s stock.

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.