Strategic Blueprint LLC Increases Stock Holdings in Adobe Inc. $ADBE

Key Points

• Strategic Blueprint LLC increased its stock holdings in Adobe Inc. by 88.1% in Q2, now owning 5,658 shares valued at approximately $2.19 million.
• Adobe reported a quarterly EPS of $5.31, exceeding consensus estimates, with revenue of $5.99 billion reflecting a year-over-year increase of 10.7%.
• Following recent analyses, Adobe's stock has received mixed ratings, with a consensus rating of "Hold" and an average target price of $433.41.

Strategic Blueprint LLC boosted its position in shares of Adobe Inc. (NASDAQ:ADBE - Free Report) by 88.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,658 shares of the software company's stock after acquiring an additional 2,650 shares during the period. Strategic Blueprint LLC's holdings in Adobe were worth $2,189,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. 1248 Management LLC purchased a new stake in shares of Adobe in the first quarter worth $25,000. Barnes Dennig Private Wealth Management LLC purchased a new position in Adobe during the first quarter worth about $26,000. Flaharty Asset Management LLC bought a new position in Adobe in the 1st quarter worth about $29,000. HHM Wealth Advisors LLC purchased a new stake in shares of Adobe in the 1st quarter valued at about $30,000. Finally, Nexus Investment Management ULC purchased a new stake in shares of Adobe in the 2nd quarter valued at about $31,000. 81.79% of the stock is currently owned by hedge funds and other institutional investors.

Adobe Trading Up 0.0%

NASDAQ:ADBE opened at $354.12 on Friday. The firm has a market capitalization of $148.23 billion, a P/E ratio of 22.06, a P/E/G ratio of 1.59 and a beta of 1.49. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $351.74 and a 200 day moving average of $368.63. Adobe Inc. has a 52 week low of $327.50 and a 52 week high of $557.90.

Adobe (NASDAQ:ADBE - Get Free Report) last issued 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 firm 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 57.54%. The company's quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.65 earnings per share. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. On average, research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on ADBE. Evercore ISI decreased their price objective on shares of Adobe from $475.00 to $450.00 and set an "outperform" rating on the stock in a research report on Friday, September 12th. Redburn Partners set a $280.00 target price on shares of Adobe in a research report on Monday, September 1st. Piper Sandler reduced their price objective on Adobe from $500.00 to $470.00 and set an "overweight" rating on the stock in a research report on Friday, September 12th. Redburn Atlantic cut shares of Adobe from a "hold" rating to a "strong sell" rating and reduced their price target for the company from $420.00 to $280.00 in a research report on Wednesday, July 2nd. Finally, Melius cut shares of Adobe from a "hold" rating to a "sell" rating and set a $310.00 price objective for the company. in a research note on Monday, August 11th. 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $433.41.

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.

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