Adobe Inc. $ADBE Shares Sold by Capital Asset Advisory Services LLC

Capital Asset Advisory Services LLC reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 58.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,174 shares of the software company’s stock after selling 1,647 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Adobe were worth $414,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ADBE. Norges Bank purchased a new position in shares of Adobe in the second quarter worth $2,029,950,000. Assenagon Asset Management S.A. increased its position in shares of Adobe by 308.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock valued at $1,202,979,000 after acquiring an additional 2,347,562 shares during the period. Amundi increased its position in shares of Adobe by 24.7% in the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after acquiring an additional 961,895 shares during the period. AQR Capital Management LLC raised its stake in Adobe by 116.9% in the 1st quarter. AQR Capital Management LLC now owns 1,632,789 shares of the software company’s stock worth $616,345,000 after acquiring an additional 880,134 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in Adobe during the 2nd quarter worth about $318,224,000. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Analysts Set New Price Targets

ADBE has been the topic of a number of research reports. Piper Sandler cut their price objective on Adobe from $500.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, September 12th. UBS Group set a $487.00 price target on shares of Adobe in a report on Sunday. Wells Fargo & Company reduced their price target on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Morgan Stanley dropped their price objective on shares of Adobe from $450.00 to $425.00 and set an “equal weight” rating on the stock in a report on Thursday, December 11th. Finally, TD Cowen cut their price objective on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Adobe currently has a consensus rating of “Hold” and a consensus price target of $417.15.

Adobe Price Performance

Shares of NASDAQ ADBE opened at $347.89 on Wednesday. The stock has a market capitalization of $145.63 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 1.38 and a beta of 1.54. Adobe Inc. has a 12 month low of $311.58 and a 12 month high of $465.86. The firm’s 50 day simple moving average is $336.08 and its 200-day simple moving average is $356.19. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.02.

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

Insider Activity

In other news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total transaction of $50,344.12. Following the sale, the chief accounting officer directly owned 3,426 shares in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is currently owned by insiders.

About Adobe

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.