Crestwood Advisors Group LLC Lowers Position in Adobe Inc. $ADBE

Crestwood Advisors Group LLC lowered its holdings in Adobe Inc. (NASDAQ:ADBE) by 7.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,809 shares of the software company’s stock after selling 9,189 shares during the period. Crestwood Advisors Group LLC’s holdings in Adobe were worth $42,616,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NEOS Investment Management LLC grew its stake in Adobe by 62.1% in the 3rd quarter. NEOS Investment Management LLC now owns 179,431 shares of the software company’s stock worth $63,294,000 after buying an additional 68,742 shares in the last quarter. Cassaday & Co Wealth Management LLC lifted its holdings in shares of Adobe by 2.3% during the 3rd quarter. Cassaday & Co Wealth Management LLC now owns 2,396 shares of the software company’s stock worth $845,000 after acquiring an additional 54 shares during the last quarter. Arvest Bank Trust Division purchased a new position in Adobe in the third quarter worth $3,149,000. Rothschild Investment LLC grew its position in Adobe by 33.8% in the third quarter. Rothschild Investment LLC now owns 2,464 shares of the software company’s stock worth $869,000 after acquiring an additional 622 shares in the last quarter. Finally, Accretive Wealth Partners LLC increased its stake in Adobe by 5.3% in the third quarter. Accretive Wealth Partners LLC now owns 2,458 shares of the software company’s stock valued at $867,000 after acquiring an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Stock Up 0.6%

Shares of Adobe stock opened at $263.97 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00. Adobe Inc. has a 52-week low of $251.10 and a 52-week high of $464.99. The stock has a market capitalization of $108.36 billion, a price-to-earnings ratio of 15.80, a P/E/G ratio of 1.04 and a beta of 1.51. The company’s 50 day moving average price is $316.38 and its 200-day moving average price is $334.00.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The company had revenue of $6.19 billion during the quarter, compared to analyst estimates of $6.11 billion. Adobe had a net margin of 30.00% and a return on equity of 61.28%. The firm’s revenue was up 10.5% compared to the same quarter last year. During the same period in the prior 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. Equities research analysts forecast that Adobe Inc. will post 16.65 EPS for the current year.

Insider Buying and Selling at Adobe

In related news, CFO Daniel Durn sold 1,646 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the transaction, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. The trade was a 3.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ADBE. UBS Group cut their price objective on Adobe from $375.00 to $340.00 and set a “neutral” rating for the company in a report on Monday, January 26th. Wolfe Research dropped their target price on Adobe from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Thursday, December 11th. Mizuho reduced their price target on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Weiss Ratings downgraded shares of Adobe from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $430.00 price objective on shares of Adobe in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $397.16.

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.