PineStone Asset Management Inc. Cuts Stock Holdings in Adobe Inc. $ADBE

PineStone Asset Management Inc. lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 38.7% during the third quarter, Holdings Channel.com reports. The firm owned 200,464 shares of the software company’s stock after selling 126,750 shares during the quarter. Adobe makes up 0.4% of PineStone Asset Management Inc.’s investment portfolio, making the stock its 28th largest position. PineStone Asset Management Inc.’s holdings in Adobe were worth $70,714,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ADBE. Schmidt P J Investment Management Inc. grew its holdings in Adobe by 2.9% during the first quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after acquiring an additional 25 shares during the period. Rise Advisors LLC boosted its position in shares of Adobe by 7.0% during the 1st quarter. Rise Advisors LLC now owns 410 shares of the software company’s stock worth $157,000 after purchasing an additional 27 shares in the last quarter. FSM Wealth Advisors LLC grew its stake in shares of Adobe by 1.1% during the 2nd quarter. FSM Wealth Advisors LLC now owns 2,644 shares of the software company’s stock worth $997,000 after purchasing an additional 30 shares during the period. Intellus Advisors LLC increased its holdings in shares of Adobe by 1.6% in the 2nd quarter. Intellus Advisors LLC now owns 1,860 shares of the software company’s stock valued at $720,000 after purchasing an additional 30 shares in the last quarter. Finally, Capital Advisory Group Advisory Services LLC lifted its stake in shares of Adobe by 2.2% in the second quarter. Capital Advisory Group Advisory Services LLC now owns 1,442 shares of the software company’s stock valued at $558,000 after purchasing an additional 31 shares during the period. 81.79% of the stock is owned by hedge funds and other institutional investors.

Adobe Trading Up 0.2%

Shares of ADBE stock opened at $353.80 on Friday. The firm has a 50-day moving average price of $338.76 and a 200 day moving average price of $353.29. Adobe Inc. has a twelve month low of $311.58 and a twelve month high of $465.70. The company has a market capitalization of $148.10 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 1.39 and a beta of 1.54. The company has a current ratio of 1.00, a quick ratio of 1.02 and a debt-to-equity ratio of 0.53.

Adobe (NASDAQ:ADBE) last issued its quarterly earnings results on Wednesday, December 10th. The software company reported $5.50 EPS for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.81 earnings per share. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. Research analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Evercore ISI lowered their target price on shares of Adobe from $475.00 to $450.00 and set an “outperform” rating on the stock in a research report on Friday, September 12th. Barclays restated an “overweight” rating and issued a $415.00 price target on shares of Adobe in a report on Friday, December 5th. UBS Group set a $487.00 price objective on Adobe in a report on Sunday, December 14th. Stifel Nicolaus lowered their target price on Adobe from $480.00 to $450.00 and set a “buy” rating on the stock in a report on Tuesday, December 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Adobe in a research report on Wednesday, December 17th. One research 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $417.93.

Insider Buying and Selling at Adobe

In other news, CAO Jillian Forusz sold 149 shares of the firm’s stock in a transaction on Friday, October 31st. The stock was 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 in the company, valued at $1,157,576.88. This trade represents a 4.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is currently owned by corporate insiders.

About Adobe

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.