Montrusco Bolton Investments Inc. Has $123.79 Million Stock Position in Adobe Inc. $ADBE

Montrusco Bolton Investments Inc. lessened its holdings in Adobe Inc. (NASDAQ:ADBE) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 362,784 shares of the software company’s stock after selling 58,239 shares during the period. Adobe accounts for about 1.4% of Montrusco Bolton Investments Inc.’s investment portfolio, making the stock its 24th biggest holding. Montrusco Bolton Investments Inc. owned approximately 0.09% of Adobe worth $123,790,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ADBE. Norges Bank acquired a new position in Adobe in the 2nd quarter valued at $2,029,950,000. Franklin Resources Inc. grew its position in shares of Adobe by 68.9% in the second quarter. Franklin Resources Inc. now owns 1,939,018 shares of the software company’s stock valued at $750,168,000 after purchasing an additional 791,077 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Adobe by 218.5% in the second quarter. Acadian Asset Management LLC now owns 1,073,899 shares of the software company’s stock valued at $415,434,000 after purchasing an additional 736,682 shares during the last quarter. Invesco Ltd. lifted its position in shares of Adobe by 16.1% during the 2nd quarter. Invesco Ltd. now owns 4,407,162 shares of the software company’s stock worth $1,705,043,000 after purchasing an additional 610,215 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in Adobe by 185.1% during the 3rd quarter. Federated Hermes Inc. now owns 898,408 shares of the software company’s stock valued at $316,913,000 after purchasing an additional 583,275 shares during the period. 81.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on ADBE. BMO Capital Markets lowered Adobe from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $400.00 to $375.00 in a report on Friday, January 9th. Mizuho cut their target price on shares of Adobe from $410.00 to $390.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Wells Fargo & Company reduced their price target on shares of Adobe from $470.00 to $420.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Oppenheimer lowered shares of Adobe from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 13th. Finally, DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Adobe in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $392.76.

Adobe Price Performance

Shares of Adobe stock opened at $257.81 on Thursday. The firm has a market cap of $105.83 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 1.00 and a beta of 1.51. The firm’s 50-day simple moving average is $303.45 and its 200-day simple moving average is $329.92. Adobe Inc. has a twelve month low of $244.28 and a twelve month high of $453.26. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.00 and a current ratio of 1.00.

Adobe (NASDAQ:ADBE) last released its quarterly earnings data on Wednesday, December 10th. The software company reported $5.50 earnings per share for the quarter, beating analysts’ consensus estimates of $5.40 by $0.10. Adobe had a return on equity of 61.28% and a net margin of 30.00%.The company had revenue of $6.19 billion for the quarter, compared to the consensus estimate of $6.11 billion. During the same period in the previous year, the business earned $4.81 earnings per share. The company’s quarterly revenue was up 10.5% on a year-over-year basis. Adobe has set its Q1 2026 guidance at 5.850-5.900 EPS and its FY 2026 guidance at 23.300-23.500 EPS. As a group, research analysts expect that Adobe Inc. will post 16.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Adobe news, CFO Daniel Durn sold 1,646 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $294.85, for a total transaction of $485,323.10. Following the completion of the transaction, the chief financial officer directly owned 41,995 shares in the company, valued at $12,382,225.75. This represents a 3.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is owned by company insiders.

Adobe News Summary

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Analyst/coverage optimism — Zacks highlights Adobe’s expanded AI partnerships and deeper embedding of Firefly and Acrobat AI as catalysts that could revive growth after a weak period. AI Efforts & Rich Partner Base: Adobe Stock Set for Recovery?
• Positive Sentiment: Some sell-side/market commentators still see value — Piper Sandler commentary remains constructive despite a downgrade and lower target, and MarketBeat pieces frame the pullback as a potential buying opportunity in tech. Piper Sandler Remains Positive on Adobe Inc. (ADBE) Despite Concerns
• Neutral Sentiment: Options traders are targeting income/neutral strategies (e.g., short iron condor) to profit from compressed volatility after the selloff — indicates some traders expect limited near-term directional move. 1 Picture-Perfect Short Iron Condor Trade Returning 35% on Adobe Stock Now
• Neutral Sentiment: Short-interest postings in the feeds show zeros/NaN and appear to be data artifacts rather than meaningful new short positions — not a reliable signal at present.
• Negative Sentiment: Downgrades and growth concerns — multiple banks cut ratings or flagged slowing revenue durability and rising AI competition, which has been a key driver of the recent multi-week selloff. Adobe Downgrades Spotlight AI Competition And Questions Around Growth Durability
• Negative Sentiment: Market narrative and competitive moves — deep-dive pieces question whether Adobe is a value opportunity or a performance trap after heavy YTD and 1-year declines; competitors (e.g., Canva acquisitions) and broader AI shifts add downside risk. How Low Can Adobe Stock Go?

Adobe Company Profile

Adobe Inc, founded in 1982 by John Warnock and Charles Geschke and headquartered in San Jose, California, is a global software company that develops tools and services for creative professionals, marketers and enterprises. Under the leadership of CEO Shantanu Narayen, who has led the company since 2007, Adobe has evolved from a provider of desktop publishing tools into a cloud-centric provider of digital media and digital experience solutions.

The company’s core offerings are organized around digital media and digital experience.