Truist Financial Corp Sells 13,215 Shares of Adobe Inc. $ADBE

Truist Financial Corp trimmed its position in shares of Adobe Inc. (NASDAQ:ADBE) by 9.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,197 shares of the software company’s stock after selling 13,215 shares during the period. Truist Financial Corp’s holdings in Adobe were worth $46,280,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. CX Institutional increased its position in shares of Adobe by 72.9% during the third quarter. CX Institutional now owns 27,922 shares of the software company’s stock worth $9,849,000 after purchasing an additional 11,769 shares in the last quarter. Wright Investors Service Inc. boosted its position in Adobe by 114.4% during the third quarter. Wright Investors Service Inc. now owns 9,919 shares of the software company’s stock worth $3,499,000 after acquiring an additional 5,293 shares during the last quarter. Lathrop Investment Management Co. grew its stake in Adobe by 2.8% during the 2nd quarter. Lathrop Investment Management Co. now owns 26,544 shares of the software company’s stock valued at $10,269,000 after acquiring an additional 718 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in Adobe in the 3rd quarter worth approximately $24,904,000. Finally, Mcdaniel Terry & Co. raised its holdings in shares of Adobe by 2.8% during the 2nd quarter. Mcdaniel Terry & Co. now owns 39,507 shares of the software company’s stock worth $15,284,000 after acquiring an additional 1,093 shares during the period. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Adobe Price Performance

ADBE stock opened at $291.65 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $119.72 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.18 and a beta of 1.53. The stock’s fifty day simple moving average is $329.37 and its 200-day simple moving average is $342.46. Adobe Inc. has a 52-week low of $284.60 and a 52-week high of $465.70.

Adobe (NASDAQ:ADBE) last posted its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. The company 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% on a year-over-year basis. During the same quarter last 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. Equities research analysts expect that Adobe Inc. will post 16.65 EPS for the current year.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Bharti Airtel partnership expands Adobe Express reach to hundreds of millions of users — Airtel will give free Adobe Express Premium access to its user base (reported across outlets), which should boost user adoption and long?term monetization opportunities in India and other markets. Airtel offers 360M users free Adobe Express Premium
• Positive Sentiment: Product momentum: meaningful Photoshop upgrades may support subscriber retention/ARPU — press coverage highlights enhancements (clarity/dehaze layers and other workflow features) that strengthen Creative Cloud differentiation for pros. Adobe Announces New Upgrades To Photoshop
• Neutral Sentiment: Market chatter and commentary are mixed — TV and column remarks (e.g., Jim Cramer saying he’s unsure) and premarket writeups note the stock is following broader tech weakness; these are sentiment drivers but add no new fundamental change. “I Don’t Know What to do With Adobe,” Says Jim Cramer
• Negative Sentiment: Acquisition concerns: Adobe bought Semrush at a ~78% premium — investors may view the price as expensive, raising worries about overpaying, near?term cash/earnings impact and integration risk. Adobe Acquired Semrush Holdings at a 78% premium
• Negative Sentiment: Semrush merger legal risk — shareholder lawsuits over the proposed deal add potential delay, costs and execution uncertainty. Semrush Faces Shareholder Lawsuits
• Negative Sentiment: Analyst downgrades and comparative calls — recent downgrades (Goldman, BMO, Jefferies coverage) and pieces favoring other enterprise/AI software names (Salesforce, Figma) pressure sentiment and lower the stock’s near?term outlook. Goldman, BMO, and Jefferies downgrade Adobe
• Negative Sentiment: Insider selling: CFO Daniel Durn sold shares recently — such filings can weigh on investor sentiment even if routine. Adobe CFO Daniel Durn Sells Shares

Wall Street Analyst Weigh In

ADBE has been the subject of a number of recent analyst reports. UBS Group dropped their price target on shares of Adobe from $375.00 to $340.00 and set a “neutral” rating for the company in a research report on Monday. Citigroup raised their price target on shares of Adobe from $366.00 to $387.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. Morgan Stanley decreased their price objective on Adobe from $450.00 to $425.00 and set an “equal weight” rating for the company in a research note on Thursday, December 11th. TD Cowen cut their target price on shares of Adobe from $420.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, December 11th. Finally, Stifel Nicolaus lowered their price objective on Adobe from $480.00 to $450.00 and set a “buy” rating for the company in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eleven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $397.19.

Insider Buying and Selling

In other Adobe 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 sale, the chief financial officer owned 41,995 shares in the company, valued at approximately $12,382,225.75. The trade was a 3.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

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.