1,150 Shares in Adobe Inc. $ADBE Acquired by Kera Capital Partners Inc.

Key Points

• Kera Capital Partners Inc. acquired 1,150 shares of Adobe Inc., valued at approximately $445,000, marking a new position in the company during the second quarter.
• Adobe reported a 10.7% year-over-year increase in revenue, with earnings per share of $5.31, exceeding estimates and reflecting strong financial performance.
• Recent analyst ratings show a positive trend, with two analysts giving a Strong Buy rating and a moderate average target price of $435.63 for Adobe stock.

Kera Capital Partners Inc. acquired a new position in Adobe Inc. (NASDAQ:ADBE - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,150 shares of the software company's stock, valued at approximately $445,000.

Other hedge funds also recently added to or reduced their stakes in the company. Copia Wealth Management purchased a new stake in Adobe during the 4th quarter valued at $28,000. SWAN Capital LLC purchased a new stake in Adobe during the 4th quarter valued at $28,000. 1248 Management LLC purchased a new stake in Adobe during the 1st quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC purchased a new stake in Adobe during the 1st quarter valued at $26,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Adobe during the 1st quarter valued at $29,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Stock Down 0.3%

ADBE opened at $349.36 on Friday. The firm has a 50-day simple moving average of $357.32 and a two-hundred day simple moving average of $379.80. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $557.90. The company has a market capitalization of $148.20 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.66 and a beta of 1.48. 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 (NASDAQ:ADBE - Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 56.30%. The business's revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.65 EPS. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Analysts forecast that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADBE has been the subject of a number of recent research reports. Wall Street Zen raised shares of Adobe from a "hold" rating to a "buy" rating in a research report on Friday, September 5th. BMO Capital Markets cut their price objective on shares of Adobe from $450.00 to $405.00 and set an "outperform" rating for the company in a research report on Friday. Oppenheimer cut their price objective on shares of Adobe from $500.00 to $460.00 and set an "outperform" rating for the company in a research report on Tuesday. TD Cowen cut their price objective on shares of Adobe from $470.00 to $420.00 and set a "hold" rating for the company in a research report on Friday. Finally, Bank of America boosted their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Adobe presently has an average rating of "Moderate Buy" and an average target price of $435.63.

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.

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