Rep. Thomas H. Kean, Jr. Sells Off Shares of Adobe Inc. (NASDAQ:ADBE)

Representative Thomas H. Kean, Jr. (R-New Jersey) recently sold shares of Adobe Inc. (NASDAQ:ADBE). In a filing disclosed on August 20th, the Representative disclosed that they had sold between $1,001 and $15,000 in Adobe stock on July 29th. The trade occurred in the Representative’s “KEAN FAMILY PARTNERSHIP” account.

Representative Thomas H. Kean, Jr. also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 7/31/2025.
• Sold $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 7/31/2025.
• Purchased $15,001 – $50,000 in shares of Check Point Software Technologies (NASDAQ:CHKP) on 7/29/2025.
• Purchased $1,001 – $15,000 in shares of Abbott Laboratories (NYSE:ABT) on 7/21/2025.
• Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 6/30/2025.
• Sold $15,001 – $50,000 in shares of Stryker (NYSE:SYK) on 6/26/2025.
• Sold $1,001 – $15,000 in shares of WESCO International (NYSE:WCC) on 6/23/2025.
• Purchased $1,001 – $15,000 in shares of Danaher (NYSE:DHR) on 6/11/2025.
• Purchased $1,001 – $15,000 in shares of AON (NYSE:AON) on 5/27/2025.

Adobe Stock Up 2.5%

Shares of NASDAQ ADBE opened at $362.09 on Monday. The firm’s 50-day simple moving average is $366.57 and its 200 day simple moving average is $389.32. The company has a market cap of $153.60 billion, a price-to-earnings ratio of 23.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.51. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.54. Adobe Inc. has a 12-month low of $330.04 and a 12-month high of $587.75.

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

Institutional Trading of Adobe

A number of hedge funds have recently modified their holdings of the company. Eagle Strategies LLC raised its position in shares of Adobe by 1.5% in the 4th quarter. Eagle Strategies LLC now owns 1,465 shares of the software company’s stock valued at $651,000 after acquiring an additional 22 shares during the period. RB Capital Management LLC increased its stake in Adobe by 0.4% during the 4th quarter. RB Capital Management LLC now owns 4,944 shares of the software company’s stock worth $2,198,000 after purchasing an additional 22 shares in the last quarter. Orin Green Financial LLC increased its stake in Adobe by 3.8% during the 4th quarter. Orin Green Financial LLC now owns 621 shares of the software company’s stock worth $276,000 after purchasing an additional 23 shares in the last quarter. Schmidt P J Investment Management Inc. increased its stake in Adobe by 2.9% during the 1st quarter. Schmidt P J Investment Management Inc. now owns 896 shares of the software company’s stock worth $344,000 after purchasing an additional 25 shares in the last quarter. Finally, Diligent Investors LLC increased its stake in Adobe by 1.2% during the 4th quarter. Diligent Investors LLC now owns 2,160 shares of the software company’s stock worth $961,000 after purchasing an additional 26 shares in the last quarter. 81.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. DA Davidson restated a “buy” rating and set a $500.00 target price on shares of Adobe in a research report on Friday, June 20th. Bank of America upped their target price on shares of Adobe from $424.00 to $475.00 and gave the company a “buy” rating in a research report on Friday, June 13th. Rothschild & Co Redburn downgraded shares of Adobe from a “neutral” rating to a “sell” rating and set a $280.00 target price on the stock. in a research report on Wednesday, July 2nd. Stifel Nicolaus cut their target price on shares of Adobe from $525.00 to $480.00 and set a “buy” rating on the stock in a research report on Friday, June 13th. Finally, Robert W. Baird upped their target price on shares of Adobe from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Monday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Adobe has a consensus rating of “Moderate Buy” and an average price target of $467.58.

About Representative Kean

Thomas Kean Jr. (Republican Party) is a member of the U.S. House, representing New Jersey’s 7th Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027.

Kean (Republican Party) is running for re-election to the U.S. House to represent New Jersey’s 7th Congressional District. He declared candidacy for the 2026 election.

Thomas Kean Jr. lives in Westfield, New Jersey. Kean earned a master’s degree from the Tufts University Fletcher School of Law and Diplomacy. His career experience includes working with the Environmental Protection Agency during the George H.W. Bush administration and as an advisor to former U.S. Representative Bob Franks, a firefighter, and an emergency medical technician. Kean has served as the vice president of a fire department.

About Adobe

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.