Kayne Anderson Rudnick Investment Management LLC Buys 5,977 Shares of Adobe Inc. $ADBE

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its holdings in Adobe Inc. by 71.4% to a total of 14,354 shares, valued at approximately $5.51 million as of the latest reporting period.
• Significant increases in Adobe stock holdings were reported by several other institutional investors, including GAMMA Investing LLC, which raised its stake by an astonishing 46,806.6%.
• Adobe's recent earnings report showed $5.06 EPS, surpassing expectations, with revenue of $5.87 billion, marking a 10.6% year-over-year increase.

Kayne Anderson Rudnick Investment Management LLC increased its position in Adobe Inc. (NASDAQ:ADBE - Free Report) by 71.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,354 shares of the software company's stock after acquiring an additional 5,977 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC's holdings in Adobe were worth $5,505,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Siemens Fonds Invest GmbH raised its holdings in Adobe by 252.9% in the 4th quarter. Siemens Fonds Invest GmbH now owns 55,658 shares of the software company's stock worth $25,000 after acquiring an additional 39,888 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new position in Adobe in the 1st quarter worth $26,000. SWAN Capital LLC bought a new position in Adobe in the 4th quarter worth $28,000. Copia Wealth Management bought a new position in Adobe in the 4th quarter worth $28,000. Finally, HHM Wealth Advisors LLC bought a new position in Adobe in the 1st quarter worth $30,000. Institutional investors own 81.79% of the company's stock.

Adobe Price Performance

Adobe stock traded up $1.90 during trading hours on Friday, hitting $355.86. 1,648,261 shares of the stock were exchanged, compared to its average volume of 3,745,682. 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 stock has a market capitalization of $150.96 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.69 and a beta of 1.51. Adobe Inc. has a 12 month low of $330.04 and a 12 month high of $587.75. The business's 50-day moving average is $364.33 and its two-hundred day moving average is $387.70.

Adobe (NASDAQ:ADBE - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The software company reported $5.06 earnings per share for the quarter, topping the consensus estimate of $4.97 by $0.09. Adobe had a net margin of 30.39% and a return on equity of 53.68%. The firm had revenue of $5.87 billion for the quarter, compared to analysts' expectations of $5.80 billion. During the same period in the prior year, the firm earned $4.48 earnings per share. The company'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 expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ADBE shares. Oppenheimer dropped their price objective on shares of Adobe from $530.00 to $500.00 and set an "outperform" rating on the stock in a report on Friday, June 13th. JMP Securities restated a "market perform" rating on shares of Adobe in a report on Monday, June 23rd. Mizuho dropped their price objective 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. DA Davidson restated a "buy" rating and set a $500.00 price objective on shares of Adobe in a report on Friday, June 20th. Finally, Wall Street Zen downgraded shares of Adobe from a "buy" rating to a "hold" rating in a report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Adobe currently has a consensus rating of "Moderate Buy" and a consensus price target of $466.42.

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.