Roberts Wealth Advisors LLC Has $3.30 Million Holdings in Adobe Inc. $ADBE

Key Points

• Roberts Wealth Advisors LLC increased its holdings in Adobe Inc. by 9.3%, now owning 8,521 shares valued at approximately $3.30 million.
• Institutional investors own 81.79% of Adobe's stock, with Vanguard Group and Goldman Sachs notably increasing their stakes during the first quarter.
• Adobe recently reported $5.31 EPS for the quarter, exceeding estimates, and has projected Fiscal Year 2025 EPS guidance between $20.800 and $20.850.

Roberts Wealth Advisors LLC grew its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 9.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,521 shares of the software company's stock after acquiring an additional 722 shares during the quarter. Roberts Wealth Advisors LLC's holdings in Adobe were worth $3,297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ADBE. Vanguard Group Inc. grew its position in Adobe by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 41,143,835 shares of the software company's stock worth $15,779,895,000 after purchasing an additional 171,547 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Adobe by 14.4% during the first quarter. Bank of New York Mellon Corp now owns 6,530,611 shares of the software company's stock valued at $2,504,685,000 after buying an additional 821,293 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Adobe by 2.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,468,383 shares of the software company's stock valued at $2,097,289,000 after buying an additional 126,688 shares during the period. Amundi lifted its stake in shares of Adobe by 24.7% in the first quarter. Amundi now owns 4,848,521 shares of the software company's stock valued at $1,782,642,000 after buying an additional 961,895 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Adobe by 68.3% during the first quarter. Goldman Sachs Group Inc. now owns 4,575,792 shares of the software company's stock worth $1,754,954,000 after buying an additional 1,856,544 shares in the last quarter. Institutional investors own 81.79% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays raised their price objective on Adobe from $460.00 to $465.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Mizuho cut Adobe from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. Rothschild & Co Redburn lowered shares of Adobe from a "neutral" rating to a "sell" rating and set a $280.00 price target on the stock. in a report on Wednesday, July 2nd. Redburn Atlantic cut shares of Adobe from a "hold" rating to a "strong sell" rating and dropped their price objective for the company from $420.00 to $280.00 in a research note on Wednesday, July 2nd. Finally, Melius lowered shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 target price on the stock. in a research report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $433.41.

Adobe Stock Up 1.0%

Shares of NASDAQ:ADBE opened at $350.14 on Tuesday. The company's fifty day moving average is $352.83 and its 200-day moving average is $371.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.02 and a current ratio of 1.02. 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 $146.57 billion, a PE ratio of 21.82, a P/E/G ratio of 1.55 and a beta of 1.49.

Adobe (NASDAQ:ADBE - Get Free Report) last announced its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.18 by $0.13. The business had revenue of $5.99 billion during the quarter, compared to analysts' expectations of $5.91 billion. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $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. 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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