Kaufman Rossin Wealth LLC Buys 4,509 Shares of Adobe Inc. $ADBE

Kaufman Rossin Wealth LLC lifted its stake in Adobe Inc. (NASDAQ:ADBE) by 348.7% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,802 shares of the software company’s stock after buying an additional 4,509 shares during the quarter. Adobe makes up 1.6% of Kaufman Rossin Wealth LLC’s holdings, making the stock its 12th largest holding. Kaufman Rossin Wealth LLC’s holdings in Adobe were worth $2,225,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Atika Capital Management LLC lifted its stake in shares of Adobe by 18.9% in the first quarter. Atika Capital Management LLC now owns 21,400 shares of the software company’s stock worth $8,208,000 after buying an additional 3,400 shares in the last quarter. Martingale Asset Management L P raised its holdings in Adobe by 1.9% in the 1st quarter. Martingale Asset Management L P now owns 43,448 shares of the software company’s stock worth $16,664,000 after acquiring an additional 810 shares during the last quarter. VanderPol Investments L.L.C. raised its holdings in Adobe by 5.2% in the 1st quarter. VanderPol Investments L.L.C. now owns 546 shares of the software company’s stock worth $209,000 after acquiring an additional 27 shares during the last quarter. Fosun International Ltd lifted its position in Adobe by 28.3% in the 1st quarter. Fosun International Ltd now owns 5,875 shares of the software company’s stock valued at $2,253,000 after acquiring an additional 1,296 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in Adobe by 0.7% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 8,319 shares of the software company’s stock valued at $3,191,000 after purchasing an additional 56 shares during the last quarter. 81.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Adobe from $410.00 to $425.00 and gave the company a “neutral” rating in a report on Monday, June 16th. Melius lowered shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price target for the company. in a research report on Monday, August 11th. Evercore ISI reissued an “outperform” rating and issued a $475.00 price objective on shares of Adobe in a report on Friday, June 13th. Phillip Securities upgraded shares of Adobe from a “moderate sell” rating to a “strong-buy” rating in a research report on Monday, June 16th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $470.00 price objective (up previously from $430.00) on shares of Adobe in a research report on Friday, June 13th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Adobe has an average rating of “Moderate Buy” and a consensus price target of $467.58.

Adobe Trading Down 2.1%

Shares of Adobe stock opened at $353.43 on Thursday. Adobe Inc. has a fifty-two week low of $330.04 and a fifty-two week high of $587.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $149.93 billion, a P/E ratio of 22.61, a P/E/G ratio of 1.71 and a beta of 1.51. The company has a fifty day moving average of $368.37 and a 200 day moving average of $391.09.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, topping analysts’ consensus estimates of $4.97 by $0.09. The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.80 billion. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.48 earnings per share. Adobe has set its Q3 2025 guidance at 5.150-5.200 EPS. FY 2025 guidance at 20.500-20.700 EPS. On average, sell-side analysts anticipate that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

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.