Bank of Nova Scotia Boosts Adobe Inc. Stake by 30.8%

The Canadian bank now owns over 630,000 shares of the software company.

Mar. 15, 2026 at 9:22am

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Bank of Nova Scotia, a major Canadian bank, increased its stake in Adobe Inc. (NASDAQ:ADBE) by 30.8% during the third quarter, according to a recent SEC filing. The bank now owns 632,703 shares of the software company's stock, worth approximately $223 million.

Why it matters

Adobe is a leading provider of creative and digital experience software, and its stock is closely watched by investors. The Bank of Nova Scotia's increased stake suggests the bank sees long-term value in Adobe's business and growth prospects.

The details

According to the filing, Bank of Nova Scotia acquired an additional 149,031 shares of Adobe during the third quarter, bringing its total position to 632,703 shares. This represents approximately 0.15% of Adobe's total outstanding shares. The bank's increased stake in Adobe comes as the software company has faced some headwinds, including a recent $150 million settlement with the U.S. Department of Justice over subscription cancellation practices.

  • Bank of Nova Scotia increased its Adobe stake during the third quarter of 2026.

The players

Bank of Nova Scotia

A major Canadian bank that has increased its stake in Adobe Inc.

Adobe Inc.

A global software company that develops creative and digital experience tools and services.

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The takeaway

Bank of Nova Scotia's increased stake in Adobe suggests the bank sees long-term value in the software company, despite some recent headwinds. This could be a positive sign for Adobe's future prospects as it navigates challenges like the DOJ settlement.