Delta Global Management LP Sells 8,122 Shares of Adobe Inc. $ADBE

Delta Global Management LP trimmed its holdings in Adobe Inc. (NASDAQ:ADBE) by 17.0% in the 4th quarter, Holdings Channel reports. The fund owned 39,669 shares of the software company’s stock after selling 8,122 shares during the quarter. Delta Global Management LP’s holdings in Adobe were worth $13,884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. SWAN Capital LLC lifted its position in Adobe by 43.1% in the third quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock worth $36,000 after purchasing an additional 31 shares during the period. Logan Capital Management Inc. lifted its position in Adobe by 0.3% in the third quarter. Logan Capital Management Inc. now owns 9,789 shares of the software company’s stock worth $3,453,000 after purchasing an additional 32 shares during the period. Peoples Bank KS lifted its position in Adobe by 1.6% in the fourth quarter. Peoples Bank KS now owns 2,041 shares of the software company’s stock worth $714,000 after purchasing an additional 33 shares during the period. Rosenberg Matthew Hamilton lifted its position in Adobe by 16.1% in the fourth quarter. Rosenberg Matthew Hamilton now owns 245 shares of the software company’s stock worth $86,000 after purchasing an additional 34 shares during the period. Finally, Marquette Asset Management LLC lifted its position in Adobe by 72.3% in the fourth quarter. Marquette Asset Management LLC now owns 81 shares of the software company’s stock worth $28,000 after purchasing an additional 34 shares during the period. 81.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Jillian Forusz sold 755 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $246.25, for a total value of $185,918.75. Following the completion of the sale, the chief accounting officer directly owned 3,521 shares in the company, valued at approximately $867,046.25. This trade represents a 17.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Daniel Durn sold 1,336 shares of the firm’s stock in a transaction on Monday, April 20th. The shares were sold at an average price of $248.02, for a total value of $331,354.72. Following the completion of the sale, the chief financial officer owned 42,833 shares of the company’s stock, valued at approximately $10,623,440.66. This trade represents a 3.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 77,091 shares of company stock worth $18,782,773 over the last three months. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on ADBE shares. Stifel Nicolaus reaffirmed a “hold” rating and issued a $200.00 target price (down from $350.00) on shares of Adobe in a research report on Friday. Dbs Bank cut Adobe from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, May 19th. Argus reaffirmed a “hold” rating on shares of Adobe in a research report on Monday, March 16th. Wells Fargo & Company reduced their target price on Adobe from $330.00 to $250.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Robert W. Baird reduced their target price on Adobe from $270.00 to $230.00 and set a “neutral” rating for the company in a research report on Friday. Five investment analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe has a consensus rating of “Hold” and an average price target of $278.16.

Adobe Stock Performance

Adobe stock opened at $206.36 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.75 and a quick ratio of 0.91. The stock has a fifty day moving average price of $243.81 and a two-hundred day moving average price of $277.53. Adobe Inc. has a 52-week low of $196.90 and a 52-week high of $405.00. The firm has a market capitalization of $83.41 billion, a P/E ratio of 11.81, a P/E/G ratio of 0.80 and a beta of 1.42.

Adobe (NASDAQ:ADBE) last released 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. Adobe had a return on equity of 65.11% and a net margin of 28.69%.The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same period in the prior year, the company posted $5.06 earnings per share. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. 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, analysts anticipate that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe announced that its Board of Directors has authorized a share buyback plan on Tuesday, April 21st that allows the company to repurchase $25.00 billion in shares. This repurchase authorization allows the software company to purchase up to 24.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Adobe’s new partnership with LinkedIn to launch AI-focused marketing coursework could reinforce its position in AI-powered creative and marketing tools, while also helping drive broader product usage. Article Title
• Positive Sentiment: Several recent articles argue Adobe is undervalued after its earnings beat and raised outlook, with commentary suggesting the stock may be trading at an attractive earnings multiple for long-term investors. Article Title
• Positive Sentiment: Multiple analysts and market commentators see Adobe as oversold following its post-earnings drop, pointing to record revenue, stronger guidance, and a discounted valuation as reasons bulls may be stepping in. Article Title
• Neutral Sentiment: Recent coverage from analysts and financial media is mixed, with some emphasizing AI momentum and others highlighting decelerating growth, uncertain ARR durability, and execution risk during Adobe’s strategic transition. Article Title
• Negative Sentiment: Investor concern remains elevated after Adobe CFO Anil Chakravarthy’s departure to join a chipmaker, adding to worries about leadership stability after the stock’s sharp decline. Article Title
• Negative Sentiment: Some market commentary says Adobe is still being treated as a “selloff” name because investors are focused on the challenge of converting AI usage into meaningful revenue growth. Article Title

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.