Adobe Inc. $ADBE Stock: Fifth Third Bancorp Decreases Holdings

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

Several other institutional investors and hedge funds have also recently modified their holdings of ADBE. BlackRock Inc. purchased a new position in Adobe during the second quarter worth approximately $8,437,821,000. Johnson Financial Group Inc. purchased a new position in Adobe during the 2nd quarter valued at about $2,289,000. Biondo Investment Advisors LLC acquired a new position in Adobe in the 2nd quarter valued at about $2,647,000. First Citizens Bank & Trust Co. grew its position in Adobe by 217.1% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 7,823 shares of the software company’s stock valued at $1,877,000 after acquiring an additional 5,356 shares in the last quarter. Finally, Summit Global Investments purchased a new stake in Adobe during the second quarter worth about $1,401,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 1.9%

Shares of NASDAQ ADBE opened at $243.08 on Friday. The stock has a market cap of $94.61 billion, a PE ratio of 13.56, a price-to-earnings-growth ratio of 0.83 and a beta of 1.37. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.41. Adobe Inc. has a 52-week low of $190.12 and a 52-week high of $362.71. The business has a 50-day moving average price of $246.39 and a 200 day moving average price of $248.10.

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

Insider Activity

In related news, CEO Shantanu Narayen sold 74,500 shares of Adobe 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 transaction, the chief executive officer directly owned 289,224 shares in the company, valued at $72,757,189.44. This trade represents a 20.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ADBE. Piper Sandler increased their price target on shares of Adobe from $240.00 to $250.00 and gave the stock a “neutral” rating in a research report on Friday, September 11th. UBS Group boosted their price target on shares of Adobe from $225.00 to $255.00 and gave the stock a “neutral” rating in a research note on Friday, September 11th. Weiss Ratings raised Adobe from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, September 1st. Wall Street Zen lowered shares of Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, October 10th. Finally, The Goldman Sachs Group raised their target price on shares of Adobe from $190.00 to $200.00 and gave the company a “sell” rating in a report on Monday, September 14th. Nine investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and eight have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $282.52.

Key Stories Impacting Adobe

These are some of the ADBE stories that stood out recently:

• 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
• 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
• Negative Sentiment: Citi has described Adobe’s move to open flagship apps to outside AI agents as a “hard reset,” with concern that the business payoff could take time. That leaves uncertainty over whether new AI features can translate into near-term growth and offset competitive or business-model disruption. Adobe makes major change creators will notice as Citi flags ‘hard reset’

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.