Adobe Inc. $ADBE Stock Position Lessened by Fragasso Financial Advisors Inc

Fragasso Financial Advisors Inc trimmed its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 83.8% during the third quarter, Holdings Channel.com reports. The firm owned 940 shares of the software company’s stock after selling 4,858 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Adobe were worth $326,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. 1248 Management LLC acquired a new position in Adobe during the 1st quarter valued at about $25,000. LSV Asset Management boosted its holdings in shares of Adobe by 350.0% in the second quarter. LSV Asset Management now owns 72 shares of the software company’s stock valued at $28,000 after acquiring an additional 56 shares in the last quarter. Flaharty Asset Management LLC acquired a new position in shares of Adobe during the first quarter valued at approximately $29,000. Nexus Investment Management ULC bought a new stake in Adobe during the second quarter worth approximately $31,000. Finally, Horizon Financial Services LLC raised its holdings in Adobe by 4,000.0% during the second quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 81.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ADBE shares. Evercore ISI decreased their price target on Adobe from $475.00 to $450.00 and set an “outperform” rating for the company in a research note on Friday, September 12th. Stifel Nicolaus cut their price objective on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a report on Tuesday, December 9th. TD Cowen lowered their target price on Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, December 11th. Piper Sandler dropped their price target on shares of Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, September 12th. Finally, Citigroup raised their price objective on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $417.93.

Insider Activity at Adobe

In related news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $337.88, for a total value of $50,344.12. Following the completion of the transaction, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Adobe Trading Up 1.9%

NASDAQ:ADBE opened at $354.66 on Thursday. The stock has a fifty day simple moving average of $336.20 and a 200 day simple moving average of $356.18. The firm has a market capitalization of $148.46 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 1.37 and a beta of 1.54. Adobe Inc. has a 1-year low of $311.58 and a 1-year high of $465.70. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The company had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same period in the prior year, the firm earned $4.81 earnings per share. The business’s quarterly revenue was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Sell-side analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current year.

Adobe Company Profile

Adobe Inc, together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform.