Cullen Frost Bankers Inc. Lowers Position in Adobe Inc. $ADBE

Cullen Frost Bankers Inc. lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 82.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,929 shares of the software company’s stock after selling 46,395 shares during the period. Cullen Frost Bankers Inc.’s holdings in Adobe were worth $3,502,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ADBE. LSV Asset Management boosted its position in shares of Adobe by 350.0% in the 2nd quarter. LSV Asset Management now owns 72 shares of the software company’s stock worth $28,000 after purchasing an additional 56 shares in the last quarter. Nexus Investment Management ULC purchased a new position in shares of Adobe in the second quarter worth about $31,000. Horizon Financial Services LLC raised its position in Adobe by 4,000.0% during the 2nd quarter. Horizon Financial Services LLC now owns 82 shares of the software company’s stock worth $32,000 after buying an additional 80 shares during the last quarter. Total Investment Management Inc. acquired a new stake in shares of Adobe in the second quarter worth $35,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Adobe in the second quarter worth about $36,000. 81.79% of the stock is currently owned by institutional investors.

Adobe Stock Up 1.2%

Shares of ADBE opened at $304.72 on Tuesday. Adobe Inc. has a 12-month low of $288.33 and a 12-month high of $465.70. The firm has a market cap of $125.09 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.18 and a beta of 1.53. The company’s 50-day moving average price is $330.69 and its 200 day moving average price is $343.59. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

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

Insider Transactions at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the 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 sale, the chief accounting officer owned 3,426 shares of the company’s stock, valued at approximately $1,157,576.88. This represents a 4.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ADBE shares. DA Davidson reiterated a “buy” rating and issued a $500.00 target price on shares of Adobe in a research note on Thursday, December 11th. Wall Street Zen downgraded shares of Adobe from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. BMO Capital Markets lowered Adobe from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $400.00 to $375.00 in a research note on Friday, January 9th. Royal Bank Of Canada restated an “outperform” rating and issued a $430.00 price objective on shares of Adobe in a report on Thursday, December 11th. Finally, Stifel Nicolaus dropped their price objective on shares of Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research note on Tuesday, December 9th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $397.19.

Adobe Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.