Roberts Wealth Advisors LLC Acquires 722 Shares of Adobe Inc. $ADBE

Roberts Wealth Advisors LLC grew its holdings in Adobe Inc. (NASDAQ:ADBE) by 9.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,521 shares of the software company’s stock after buying an additional 722 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Adobe were worth $3,297,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. 1248 Management LLC bought a new position in Adobe in the 1st quarter worth approximately $25,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Adobe in the 1st quarter valued at $26,000. Flaharty Asset Management LLC bought a new stake in shares of Adobe during the first quarter worth $29,000. HHM Wealth Advisors LLC acquired a new position in shares of Adobe during the first quarter valued at $30,000. Finally, Garde Capital Inc. bought a new position in Adobe in the first quarter valued at about $34,000. Institutional investors and hedge funds own 81.79% of the company’s stock.

Adobe Trading Up 1.0%

Shares of NASDAQ ADBE opened at $350.14 on Tuesday. Adobe Inc. has a twelve month low of $330.04 and a twelve month high of $557.90. The stock has a market cap of $146.57 billion, a price-to-earnings ratio of 21.82, a P/E/G ratio of 1.55 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’s fifty day moving average is $352.83 and its 200-day moving average is $371.88.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Thursday, September 11th. The software company reported $5.31 EPS for the quarter, beating 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 quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $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 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on ADBE shares. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research report on Friday, September 5th. JMP Securities restated a “market perform” rating on shares of Adobe in a report on Friday, September 12th. Redburn Partners set a $280.00 target price on shares of Adobe in a report on Monday, September 1st. Phillip Securities upgraded shares of Adobe from a “moderate sell” rating to a “strong-buy” rating in a research report on Monday, June 16th. Finally, Royal Bank Of Canada reduced their price target on Adobe from $480.00 to $430.00 and set an “outperform” rating on the stock in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.