Montrusco Bolton Investments Inc. Has $107.21 Million Stake in Adobe Inc. $ADBE

Key Points

• Montrusco Bolton trimmed its Adobe stake by 12.3% in Q4 to 318,040 shares worth $107.21 million, equal to 1.3% of the fund's portfolio and about 0.08% of Adobe.
• Adobe's board approved a $25 billion stock repurchase plan that could buy back up to 24.9% of shares (through April 2030), signaling management confidence in the valuation.
• Adobe beat quarterly estimates with EPS of $6.06 versus $5.87 and revenue of $6.40B versus $6.28B, reported 12% YoY revenue growth, and set FY2026 guidance at 23.30–23.50 EPS.

Montrusco Bolton Investments Inc. reduced its holdings in Adobe Inc. (NASDAQ:ADBE - Free Report) by 12.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 318,040 shares of the software company's stock after selling 44,744 shares during the quarter. Adobe comprises 1.3% of Montrusco Bolton Investments Inc.'s portfolio, making the stock its 25th biggest holding. Montrusco Bolton Investments Inc. owned approximately 0.08% of Adobe worth $107,207,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Riverbend Wealth Management LLC grew its position in Adobe by 1.8% during the third quarter. Riverbend Wealth Management LLC now owns 1,668 shares of the software company's stock worth $588,000 after buying an additional 29 shares in the last quarter. Beacon Financial Advisory LLC grew its position in Adobe by 5.5% during the third quarter. Beacon Financial Advisory LLC now owns 577 shares of the software company's stock worth $204,000 after buying an additional 30 shares in the last quarter. MCF Advisors LLC grew its position in Adobe by 20.8% during the third quarter. MCF Advisors LLC now owns 174 shares of the software company's stock worth $61,000 after buying an additional 30 shares in the last quarter. Brookwood Investment Group LLC grew its position in Adobe by 4.4% during the third quarter. Brookwood Investment Group LLC now owns 734 shares of the software company's stock worth $259,000 after buying an additional 31 shares in the last quarter. Finally, New Republic Capital LLC grew its position in Adobe by 5.6% during the third quarter. New Republic Capital LLC now owns 582 shares of the software company's stock worth $205,000 after buying an additional 31 shares in the last quarter. 81.79% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Adobe

Here are the key news stories impacting Adobe this week:

• Positive Sentiment: Board authorizes a $25 billion share buyback (through April 2030), signaling management confidence and explicit capital return plans that typically support the stock. Adobe Announces New $25 Billion Stock Repurchase Program
• Positive Sentiment: Adobe showcased agentic AI offerings across CX Enterprise, GenStudio, Firefly and Experience Manager at its Summit and highlighted partnerships (NVIDIA, Amazon, Microsoft, Anthropic, OpenAI) that bolster enterprise go‑to‑market credibility. Adobe bets on AI agents
• Positive Sentiment: Analysts and commentators reacted favorably to the Summit and partnerships; JPMorgan reiterated an Overweight view and flagged upside from Adobe’s AI positioning, helping lift sentiment. Adobe Unleashed: Why Nvidia's CEO Says This AI Giant Is the Future of Marketing
• Neutral Sentiment: Adobe plans outcome‑based pricing for new AI products — could improve monetization if outcomes are proven, but adoption, measurement and revenue timing remain uncertain. Adobe Plans Outcome-Based Pricing
• Negative Sentiment: Some sell‑side firms have cut price targets or ratings (Morgan Stanley trimmed its target recently), keeping valuation and competitive concerns on the table. Adobe Is One Of The Stocks That Will Collapse Because Of AI
• Negative Sentiment: Short interest rose in mid‑April to roughly 14.7M shares (~3.7% of shares outstanding) — an increase in bearish positioning that can amplify downward moves if sentiment turns.
• Negative Sentiment: Insider activity: CFO Daniel Durn sold ~1,336 shares this week (disclosed via SEC filing), a small but visible insider sale. SEC Form 4 — Daniel Durn
• Negative Sentiment: Broader enterprise software weakness (after ServiceNow/IBM results) pressured the sector and contributed to an earlier pullback, highlighting macro/earnings‑linked downside risk. ServiceNow and IBM earnings reignite AI fears

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Argus reissued a "hold" rating on shares of Adobe in a research report on Monday, March 16th. Wall Street Zen raised Adobe from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. BTIG Research initiated coverage on shares of Adobe in a research note on Monday, April 13th. They set a "neutral" rating for the company. William Blair cut shares of Adobe from an "outperform" rating to a "market perform" rating in a research note on Thursday, March 26th. Finally, Wells Fargo & Company cut their price target on shares of Adobe from $420.00 to $405.00 and set an "overweight" rating for the company in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, fifteen have issued a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $339.88.

Insiders Place Their Bets

In related news, CFO Daniel Durn sold 1,646 shares of the business's stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $294.85, for a total value of $485,323.10. Following the completion of the transaction, the chief financial officer owned 41,995 shares in the company, valued at $12,382,225.75. The trade was a 3.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Adobe Stock Up 2.7%

Shares of ADBE opened at $245.44 on Friday. The company has a market capitalization of $99.21 billion, a P/E ratio of 14.29, a PEG ratio of 0.93 and a beta of 1.52. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.91 and a quick ratio of 0.91. Adobe Inc. has a one year low of $224.13 and a one year high of $422.95. The business's 50 day simple moving average is $251.85 and its 200-day simple moving average is $300.05.

Adobe (NASDAQ:ADBE - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The software company reported $6.06 earnings per share for the quarter, topping the consensus estimate of $5.87 by $0.19. Adobe had a net margin of 29.48% and a return on equity of 64.48%. The firm had revenue of $6.40 billion during the quarter, compared to analysts' expectations of $6.28 billion. During the same quarter in the previous year, the company posted $5.08 EPS. Adobe's revenue was up 12.0% on a year-over-year basis. Adobe has set its FY 2026 guidance at 23.300-23.500 EPS and its Q2 2026 guidance at 5.800-5.850 EPS. As a group, sell-side analysts predict that Adobe Inc. will post 19.14 EPS for the current fiscal year.

Adobe announced that its Board of Directors has approved a stock repurchase plan on Tuesday, April 21st that allows the company to buyback $25.00 billion in shares. This buyback authorization allows the software company to reacquire up to 24.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

Adobe 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.

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