Roffman Miller Associates Inc. PA Increases Holdings in Adobe Inc. $ADBE

Roffman Miller Associates Inc. PA lifted its position in Adobe Inc. (NASDAQ:ADBE) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,384 shares of the software company’s stock after buying an additional 2,307 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in Adobe were worth $17,945,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ADBE. Assenagon Asset Management S.A. increased its holdings in shares of Adobe by 308.1% in the second quarter. Assenagon Asset Management S.A. now owns 3,109,436 shares of the software company’s stock worth $1,202,979,000 after purchasing an additional 2,347,562 shares during the period. 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. Nuveen LLC bought a new position in Adobe in the 1st quarter worth about $607,443,000. OVERSEA CHINESE BANKING Corp Ltd increased its stake in Adobe by 1,482.7% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 1,298,389 shares of the software company’s stock worth $498,000 after acquiring an additional 1,216,351 shares during the last quarter. Finally, Amundi boosted its position in shares of Adobe by 24.7% during the 1st quarter. Amundi now owns 4,848,521 shares of the software company’s stock valued at $1,782,642,000 after acquiring an additional 961,895 shares during the last quarter. Hedge funds and other institutional investors own 81.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ADBE shares. UBS Group decreased their price objective on shares of Adobe from $400.00 to $375.00 and set a “neutral” rating on the stock in a research report on Friday, September 12th. Cowen reissued a “hold” rating on shares of Adobe in a report on Wednesday, October 29th. Wall Street Zen upgraded shares of Adobe from a “hold” rating to a “buy” rating in a research report on Sunday, October 26th. Melius downgraded shares of Adobe from a “hold” rating to a “sell” rating and set a $310.00 price objective for the company. in a report on Monday, August 11th. Finally, Mizuho cut Adobe from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $433.41.

Adobe Price Performance

ADBE stock opened at $337.47 on Tuesday. The firm has a market cap of $141.26 billion, a P/E ratio of 21.03, a P/E/G ratio of 1.51 and a beta of 1.49. The firm’s fifty day moving average is $350.15 and its 200 day moving average is $368.81. Adobe Inc. has a 52 week low of $327.50 and a 52 week high of $557.90. 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) last posted its quarterly earnings results on Thursday, September 11th. The software company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $5.18 by $0.13. Adobe had a net margin of 30.01% and a return on equity of 57.54%. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the previous year, the firm posted $4.65 earnings per share. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. Adobe has set its FY 2025 guidance at 20.800-20.850 EPS. Q4 2025 guidance at 5.350-5.400 EPS. Research analysts predict that Adobe Inc. will post 16.65 earnings per share for the current year.

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.