7,766 Adobe Inc. $ADBE Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp cut its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 7.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 97,164 shares of the software company’s stock after selling 7,766 shares during the quarter. Fifth Third Bancorp’s holdings in Adobe were worth $23,314,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Maryland State Retirement & Pension System lifted its position in Adobe by 10.8% during the third quarter. Maryland State Retirement & Pension System now owns 24,346 shares of the software company’s stock valued at $5,842,000 after purchasing an additional 2,367 shares during the last quarter. Joel Isaacson & Co. LLC bought a new stake in shares of Adobe in the 3rd quarter worth about $238,000. First Command Advisory Services Inc. raised its position in shares of Adobe by 69.8% during the 3rd quarter. First Command Advisory Services Inc. now owns 416 shares of the software company’s stock valued at $100,000 after buying an additional 171 shares in the last quarter. Machina Capital S.A.S. raised its position in shares of Adobe by 150.6% during the 3rd quarter. Machina Capital S.A.S. now owns 3,576 shares of the software company’s stock valued at $858,000 after buying an additional 2,149 shares in the last quarter. Finally, Davis Investment Partners LLC bought a new position in shares of Adobe in the 3rd quarter valued at about $359,000. Institutional investors own 81.79% of the company’s stock.

Adobe News Summary

Investors following ADBE have been watching these news items:

• Positive Sentiment: Adobe and Disney are partnering to develop artist-led generative AI models for storytelling. The tie-up could extend Adobe’s AI tools into major creative and entertainment workflows, while Disney’s involvement may help address the importance of artist participation and trusted content. Disney and Adobe Partner on Artist-Led Generative AI Models
• Positive Sentiment: Adobe unveiled new AI capabilities across its creative products, including ways for AI agents to interact with Photoshop and other tools. These features could make its software more useful and help defend its position as creative workflows evolve. Adobe makes major change creators will notice as Citi flags ‘hard reset’
• Neutral Sentiment: Adobe is also testing personalized web-page experiences and has forecast record U.S. online holiday spending. The developments point to opportunities in digital marketing and commerce, but the articles do not establish how much they may add to Adobe’s near-term results. Adobe is testing a tool that tailors web pages to individual visitors

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. BTIG Research restated a “neutral” rating on shares of Adobe in a research report on Friday, September 11th. CLSA assumed coverage on shares of Adobe in a report on Monday, July 20th. They issued an “outperform” rating and a $300.00 target price for the company. Evercore set a $250.00 price target on shares of Adobe in a report on Friday, September 11th. Morgan Stanley reissued an “underweight” rating on shares of Adobe in a research note on Friday, September 11th. Finally, Sanford C. Bernstein dropped their target price on Adobe from $379.00 to $373.00 and set an “outperform” rating for the company in a research report on Friday, September 11th. Nine research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $282.52.

Adobe Trading Up 1.9%

ADBE opened at $243.08 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41. The firm has a market cap of $94.61 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 0.83 and a beta of 1.37. Adobe Inc. has a 12 month low of $190.12 and a 12 month high of $362.71. The stock has a fifty day moving average price of $246.39 and a 200-day moving average price of $248.10.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings data on Thursday, September 10th. The software company reported $6.13 EPS for the quarter, beating the consensus estimate of $6.08 by $0.05. Adobe had a return on equity of 65.65% and a net margin of 28.05%. The firm had revenue of $6.76 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same quarter in the prior year, the business posted $5.31 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. Adobe has set its Q4 2026 guidance at 6.300-6.350 EPS and its FY 2026 guidance at 24.450-24.500 EPS. As a group, equities research analysts anticipate that Adobe Inc. will post 20.01 earnings per share for the current fiscal year.

Insider Activity

In other Adobe news, CEO Shantanu Narayen sold 74,500 shares of the firm’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $251.56, for a total value of $18,741,220.00. Following the completion of the transaction, the chief executive officer owned 289,224 shares of the company’s stock, valued at approximately $72,757,189.44. This trade represents a 20.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Adobe Company Profile

Adobe Inc. develops software and services for creating, managing and delivering digital content. Its products serve creative professionals, businesses, marketers and individual users around the world. Adobe’s Digital Media offerings include Creative Cloud applications such as Photoshop, Illustrator, Premiere Pro and InDesign, along with Acrobat tools for creating, editing and signing PDF documents. The company also provides generative AI capabilities through Adobe Firefly and related features in its creative products.