Fifth Third Bancorp Sells 11,440 Shares of Adobe Inc. $ADBE

Fifth Third Bancorp reduced its position in Adobe Inc. (NASDAQ:ADBE) by 11.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,333 shares of the software company’s stock after selling 11,440 shares during the period. Fifth Third Bancorp’s holdings in Adobe were worth $31,159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Riverbend Wealth Management LLC grew its stake in shares of Adobe by 1.8% during the 3rd quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company’s stock valued at $588,000 after purchasing an additional 29 shares during the period. FSM Wealth Advisors LLC boosted its holdings in shares of Adobe by 1.1% in the second quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock worth $997,000 after buying an additional 30 shares during the last quarter. Intellus Advisors LLC grew its position in Adobe by 1.6% during the second quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after buying an additional 30 shares during the period. Beacon Financial Advisory LLC increased its holdings in Adobe by 5.5% during the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company’s stock valued at $204,000 after buying an additional 30 shares during the last quarter. Finally, MCF Advisors LLC raised its position in Adobe by 20.8% in the third quarter. MCF Advisors LLC now owns 174 shares of the software company’s stock worth $61,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Insider Transactions at Adobe

In other news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer directly owned 41,995 shares in the company, valued at approximately $12,382,225.75. This represents a 3.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.

Adobe Stock Performance

ADBE 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. The stock has a market capitalization of $108.36 billion, a price-to-earnings ratio of 15.80, a PEG ratio of 1.04 and a beta of 1.51. The company has a fifty day moving average of $316.38 and a 200 day moving average of $334.00. Adobe Inc. has a fifty-two week low of $251.10 and a fifty-two week high of $464.99.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, beating the consensus estimate of $5.40 by $0.10. The business had revenue of $6.19 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, sell-side analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ADBE shares. UBS Group cut their price objective on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. Mizuho lowered their target price on Adobe from $410.00 to $390.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Robert W. Baird set a $350.00 price target on Adobe in a research report on Wednesday, January 14th. DA Davidson reaffirmed a “buy” rating and set a $500.00 price objective on shares of Adobe in a research report on Thursday, December 11th. Finally, Wall Street Zen downgraded Adobe from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe presently has a consensus rating of “Hold” and an average target price of $397.16.

Adobe Company 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.