Robinson Value Management Ltd. Buys 6,291 Shares of Adobe Inc. $ADBE

Key Points

• Robinson Value Management Ltd. has increased its stake in Adobe Inc. by 116.8%, acquiring an additional 6,291 shares, bringing its total holdings to 11,679 shares valued at approximately $4.5 million.
• Institutional investors now own 81.79% of Adobe's stock, with recent new positions acquired by multiple firms in the first and second quarters.
• Adobe recently reported $5.31 earnings per share (EPS), exceeding analyst expectations, and set FY 2025 EPS guidance between $20.800 and $20.850.

Robinson Value Management Ltd. increased its holdings in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 116.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,679 shares of the software company's stock after acquiring an additional 6,291 shares during the period. Adobe makes up approximately 2.8% of Robinson Value Management Ltd.'s portfolio, making the stock its 8th biggest holding. Robinson Value Management Ltd.'s holdings in Adobe were worth $4,518,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. 1248 Management LLC acquired a new position in Adobe in the first quarter valued at $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Adobe during the 1st quarter worth approximately $26,000. Flaharty Asset Management LLC bought a new stake in Adobe during the 1st quarter valued at $29,000. HHM Wealth Advisors LLC acquired a new position in shares of Adobe during the 1st quarter valued at $30,000. Finally, Nexus Investment Management ULC acquired a new position in shares of Adobe in the 2nd quarter worth $31,000. 81.79% of the stock is owned by institutional investors and hedge funds.

Adobe Trading Up 1.2%

Shares of ADBE stock opened at $333.26 on Friday. Adobe Inc. has a 52-week low of $327.50 and a 52-week high of $557.90. The company has a 50-day simple moving average of $350.99 and a two-hundred day simple moving average of $368.86. The company has a market capitalization of $139.50 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 1.48 and a beta of 1.49. 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 (NASDAQ:ADBE - Get Free Report) last posted its earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.18 by $0.13. The business had revenue of $5.99 billion for 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 business's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior 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. Research analysts anticipate that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Mizuho cut Adobe from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 24th. Melius downgraded Adobe from a "hold" rating to a "sell" rating and set a $310.00 price target on the stock. in a research note on Monday, August 11th. Morgan Stanley cut Adobe from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $520.00 to $450.00 in a report on Wednesday, September 24th. Citigroup decreased their price objective on Adobe from $450.00 to $400.00 and set a "neutral" rating for the company in a report on Thursday, September 11th. Finally, Evercore ISI cut their price objective on shares of Adobe from $475.00 to $450.00 and set an "outperform" rating for the company in a research report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $433.41.

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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