Adobe Inc. $ADBE Shares Sold by Generali Investments Management Co LLC

Posted by Andrew Walz on Aug 11th, 2026

Generali Investments Management Co LLC lowered its holdings in Adobe Inc. (NASDAQ:ADBE – Free Report) by 74.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,811 shares of the software company’s stock after selling 10,846 shares during the period. Generali Investments Management Co LLC’s holdings in Adobe were worth $781,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ADBE. SWAN Capital LLC boosted its stake in shares of Adobe by 43.1% during the 3rd quarter. SWAN Capital LLC now owns 103 shares of the software company’s stock valued at $36,000 after buying an additional 31 shares during the last quarter. Logan Capital Management Inc. increased its stake in shares of 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 buying an additional 32 shares during the last quarter. Vista Capital Partners Inc. increased its stake in shares of Adobe by 5.8% in the second quarter. Vista Capital Partners Inc. now owns 624 shares of the software company’s stock worth $241,000 after buying an additional 34 shares during the last quarter. Old North State Wealth Management LLC raised its holdings in Adobe by 3.1% in the fourth quarter. Old North State Wealth Management LLC now owns 1,169 shares of the software company’s stock valued at $409,000 after acquiring an additional 35 shares in the last quarter. Finally, Klingman & Associates LLC raised its holdings in Adobe by 3.5% in the fourth quarter. Klingman & Associates LLC now owns 1,104 shares of the software company’s stock valued at $386,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Trading Up 2.9%

NASDAQ:ADBE opened at $272.96 on Tuesday. Adobe Inc. has a 12-month low of $190.12 and a 12-month high of $370.86. The firm has a market capitalization of $108.50 billion, a P/E ratio of 15.62, a P/E/G ratio of 0.89 and a beta of 1.40. 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 business has a 50 day simple moving average of $228.06 and a 200 day simple moving average of $246.63.

Adobe (NASDAQ:ADBE – Get Free Report) last issued its quarterly earnings data on Thursday, June 11th. The software company reported $5.96 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $6.45 billion. During the same period in the prior year, the business earned $5.06 EPS. The firm’s 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. Equities research analysts predict that Adobe Inc. will post 19.81 EPS for the current year.

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

Key Stories Impacting Adobe

Here are the key news stories impacting Adobe this week:

Positive Sentiment: Adobe launched AI-powered product-discovery tools designed to help brands make their products more visible in shopping experiences powered by large language models. The initiative could create new monetization opportunities while strengthening Adobe’s position in digital commerce and marketing. Adobe rolls out AI-powered product discovery for LLM shopping
Positive Sentiment: Adobe is reportedly bringing its creative ecosystem into ChatGPT through a unified plugin, potentially expanding access to Photoshop, Acrobat, and other tools and increasing the reach of its generative-AI products. Adobe is putting its entire creative ecosystem inside ChatGPT with one unified plugin
Positive Sentiment: One recent comparison highlights Adobe’s dominant creative-software franchise, integrated generative-AI features, and roughly 30% net margin as reasons the stock may be attractive at its current valuation. Adobe vs. Arista Networks: Which Technology Stock Is a Better Buy in 2026?
Neutral Sentiment: The recent rally appears to be extending Adobe’s short-term momentum, although the move itself does not provide new information about operating fundamentals. Adobe set to continue gains for seven straight sessions
Negative Sentiment: Analysts remain cautious after Adobe underperformed the broader market, with skepticism focused on its growth outlook and the competitive impact of generative AI. This could limit upside despite the recent strength. What Are Wall Street Analysts’ Target Price for Adobe Stock?

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Adobe in a report on Wednesday, June 3rd. CLSA assumed coverage on shares of Adobe in a research note on Monday, July 20th. They issued an “outperform” rating and a $300.00 target price on the stock. KeyCorp reduced their price target on shares of Adobe from $235.00 to $195.00 and set an “underweight” rating on the stock in a research report on Friday, June 12th. Dbs Bank downgraded Adobe from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, May 19th. Finally, UBS Group lowered Adobe from a “buy” rating to an “equal weight” rating in a report on Tuesday, July 21st. Seven research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Adobe presently has an average rating of “Hold” and a consensus price target of $269.81.

Get Our Latest Research Report on Adobe

Insider Activity

In other news, Director David A. Ricks acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average cost of $194.51 per share, for a total transaction of $1,945,100.00. Following the transaction, the director directly owned 17,655 shares in the company, valued at $3,434,074.05. This trade represents a 130.63% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Jillian Forusz sold 416 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $264.33, for a total transaction of $109,961.28. Following the transaction, the chief accounting officer directly owned 3,824 shares of the company’s stock, valued at $1,010,797.92. The trade was a 9.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.20% of the stock is currently owned by corporate insiders.

Adobe Company Profile

(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.