Adobe Inc. $ADBE Stock Position Cut by Groupama Asset Managment

Groupama Asset Managment decreased its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 12.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,260 shares of the software company’s stock after selling 2,116 shares during the period. Groupama Asset Managment’s holdings in Adobe were worth $3,709,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADBE. SWAN Capital LLC lifted its stake in shares of Adobe by 43.1% in the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock worth $36,000 after acquiring an additional 31 shares during the period. Logan Capital Management Inc. increased its stake in shares of Adobe by 0.3% during the third quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock valued at $3,453,000 after acquiring an additional 32 shares during the period. Vista Capital Partners Inc. raised its holdings in Adobe by 5.8% during the second quarter. Vista Capital Partners Inc. now owns 624 shares of the software company’s stock worth $241,000 after purchasing an additional 34 shares in the last quarter. Old North State Wealth Management LLC raised its holdings in Adobe by 3.1% during the fourth quarter. Old North State Wealth Management LLC now owns 1,169 shares of the software company’s stock worth $409,000 after purchasing an additional 35 shares in the last quarter. Finally, Klingman & Associates LLC lifted its position in Adobe by 3.5% in the fourth quarter. Klingman & Associates LLC now owns 1,104 shares of the software company’s stock worth $386,000 after purchasing an additional 37 shares during the period. 81.79% of the stock is currently owned by institutional investors.

Key Headlines Impacting Adobe

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on ADBE shares. Piper Sandler decreased their price target on Adobe from $280.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, June 12th. Oppenheimer reissued a “market perform” rating on shares of Adobe in a research note on Friday, June 12th. Freedom Capital cut Adobe from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. Summit Redstone set a $350.00 target price on Adobe in a report on Friday, April 17th. Finally, Dbs Bank cut shares of Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Seven equities research analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and six have given a Sell rating to the stock. Based on data from MarketBeat, Adobe has a consensus rating of “Hold” and a consensus target price of $271.30.

Adobe Stock Performance

Adobe stock opened at $250.41 on Friday. Adobe Inc. has a fifty-two week low of $190.12 and a fifty-two week high of $370.86. The firm’s 50 day simple moving average is $226.69 and its 200-day simple moving average is $248.84. 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 company has a market cap of $99.54 billion, a P/E ratio of 14.33, a price-to-earnings-growth ratio of 0.84 and a beta of 1.43.

Adobe (NASDAQ:ADBE) last announced its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.82 by $0.14. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business 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. As a group, equities research analysts predict that Adobe Inc. will post 19.81 EPS for the current year.

Adobe announced that its board has authorized a stock repurchase plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the software company to repurchase up to 24.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity 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 acquired at an average price of $194.51 per share, with a total value of $1,945,100.00. Following the acquisition, the director owned 17,655 shares in the company, valued at approximately $3,434,074.05. The trade was a 130.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jillian Forusz sold 416 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 3,824 shares in the company, valued at approximately $1,010,797.92. This trade represents a 9.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.20% of the company’s stock.

Adobe Company 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.