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

Key Points

• Kaufman Rossin Wealth LLC increased its holdings in Adobe Inc. by 348.7%, acquiring an additional 4,509 shares, bringing their total to 5,802 shares, valued at approximately $2.2 million.
• Analyst ratings for Adobe indicate a mix of sentiment, with two Strong Buy, fifteen Buy, eight Hold, and three Sell ratings, alongside price targets ranging from $280 to $600.
• Adobe's latest earnings report revealed an EPS of $5.06, exceeding estimates, with a revenue of $5.87 billion, marking a 10.6% year-over-year increase.

Kaufman Rossin Wealth LLC boosted its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 348.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,802 shares of the software company's stock after purchasing an additional 4,509 shares during the period. Adobe makes up 1.6% of Kaufman Rossin Wealth LLC's portfolio, making the stock its 12th largest position. Kaufman Rossin Wealth LLC's holdings in Adobe were worth $2,225,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Copia Wealth Management purchased a new stake in Adobe during the 4th quarter valued at about $28,000. SWAN Capital LLC purchased a new position in Adobe in the 4th quarter worth approximately $28,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Adobe in the first quarter valued at approximately $26,000. HHM Wealth Advisors LLC bought a new position in shares of Adobe in the first quarter worth approximately $30,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of Adobe in the fourth quarter worth $36,000. 81.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ADBE has been the topic of a number of recent analyst reports. Mizuho cut their price target on shares of Adobe from $575.00 to $530.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. Piper Sandler cut their target price on Adobe from $600.00 to $500.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Bank of America upped their price target on Adobe from $424.00 to $475.00 and gave the company a "buy" rating in a research report on Friday, June 13th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $480.00 price objective on shares of Adobe in a report on Thursday, June 5th. Finally, Redburn Atlantic cut Adobe from a "hold" rating to a "strong sell" rating and reduced their target price for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $467.58.

Adobe Trading Down 2.1%

ADBE opened at $353.43 on Thursday. The stock has a market cap of $149.93 billion, a PE ratio of 22.61, a PEG ratio of 1.71 and a beta of 1.51. The business has a 50 day moving average of $368.37 and a 200-day moving average of $391.09. Adobe Inc. has a 52 week low of $330.04 and a 52 week high of $587.75. 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 posted its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.97 by $0.09. Adobe had a return on equity of 53.68% and a net margin of 30.39%.The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.80 billion. During the same quarter in the prior year, the company earned $4.48 earnings per share. The firm's quarterly 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. Equities research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current fiscal year.

Adobe 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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