Quintet Private Bank Europe S.A. Sells 34,833 Shares of Adobe Inc. $ADBE

Quintet Private Bank Europe S.A. trimmed its stake in shares of Adobe Inc. (NASDAQ:ADBE) by 46.5% in the third quarter, HoldingsChannel reports. The firm owned 40,009 shares of the software company’s stock after selling 34,833 shares during the quarter. Quintet Private Bank Europe S.A.’s holdings in Adobe were worth $14,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of ADBE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Adobe by 2.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company’s stock worth $2,097,289,000 after buying an additional 126,688 shares during the period. Norges Bank acquired a new stake in Adobe during the second quarter worth approximately $2,029,950,000. Amundi lifted its position in Adobe by 24.7% during the first quarter. Amundi now owns 4,848,521 shares of the software company’s stock worth $1,782,642,000 after acquiring an additional 961,895 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Adobe by 16.1% during the second quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after acquiring an additional 610,215 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Adobe by 17.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 3,664,151 shares of the software company’s stock valued at $1,417,587,000 after purchasing an additional 548,903 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ADBE. Royal Bank Of Canada reissued an “outperform” rating and set a $430.00 price target on shares of Adobe in a report on Thursday, December 11th. DA Davidson reiterated a “buy” rating and set a $500.00 price objective on shares of Adobe in a research report on Thursday, December 11th. Mizuho dropped their target price on Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. JMP Securities reissued a “market perform” rating on shares of Adobe in a research report on Friday, September 12th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Adobe in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Adobe has an average rating of “Hold” and an average target price of $417.15.

Adobe Stock Down 0.9%

ADBE stock opened at $347.89 on Wednesday. Adobe Inc. has a 52 week low of $311.58 and a 52 week high of $465.86. The business has a 50-day simple moving average of $336.08 and a 200 day simple moving average of $356.19. The company has a quick ratio of 1.02, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The company has a market cap of $145.63 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.38 and a beta of 1.54.

Adobe (NASDAQ:ADBE) last released its earnings results 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 firm had revenue of $6.19 billion for 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 business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period last 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. Sell-side analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Adobe news, CAO Jillian Forusz sold 149 shares of Adobe stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $337.88, for a total value of $50,344.12. Following the transaction, the chief accounting officer owned 3,426 shares in the company, valued at $1,157,576.88. The trade was a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.16% of the stock is owned by company insiders.

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.