Fragasso Financial Advisors Inc Trims Stock Holdings in Adobe Inc. $ADBE

Fragasso Financial Advisors Inc cut its holdings in shares of Adobe Inc. (NASDAQ:ADBE) by 83.8% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Adobe in the second quarter worth $2,029,950,000. Assenagon Asset Management S.A. grew its holdings in Adobe by 308.1% during the 2nd quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after acquiring an additional 2,347,562 shares in the last quarter. 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 worth $1,782,642,000 after purchasing an additional 961,895 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Adobe by 116.9% in the 1st quarter. AQR Capital Management LLC now owns 1,632,789 shares of the software company’s stock valued at $616,345,000 after purchasing an additional 880,134 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in shares of Adobe during the second quarter worth about $318,224,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of the business’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $337.88, for a total transaction of $50,344.12. Following the completion of the transaction, the chief accounting officer directly owned 3,426 shares of the company’s stock, valued at $1,157,576.88. The trade was a 4.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ADBE. JMP Securities reissued a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Adobe in a research report on Thursday, December 11th. Evercore ISI dropped their price target on Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Citigroup boosted their target price on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $417.93.

Adobe Trading Up 1.9%

NASDAQ:ADBE opened at $354.66 on Thursday. The firm has a market capitalization of $148.46 billion, a P/E ratio of 21.22, a P/E/G ratio of 1.37 and a beta of 1.54. The business has a 50 day simple moving average of $336.20 and a 200 day simple moving average of $356.18. 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 Inc. has a 12-month low of $311.58 and a 12-month high of $465.70.

Adobe (NASDAQ:ADBE) last issued its earnings results on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, topping the consensus estimate of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The firm had revenue of $6.19 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same period last year, the company earned $4.81 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts predict that Adobe Inc. will post 16.65 EPS 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.