Shell Asset Management Co. significantly reduced its stake in Adobe Inc. by 63.4% in the third quarter, selling over 15,000 shares. Despite this, other institutional investors have increased their positions in Adobe, which recently reported strong earnings and revenue, beating analyst estimates. The software company faces mixed sentiment from analysts regarding its valuation and the potential impact of generative AI on its business.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Shell Asset Management Co. Lowers Stock Holdings in Adobe Inc. $ADBE
Shell Asset Management Co. significantly reduced its stake in Adobe Inc. by 63.4% in the third quarter, selling over 15,000 shares. Despite this, other institutional investors have increased their positions in Adobe, which recently reported strong earnings and revenue, beating analyst estimates. The software company faces mixed sentiment from analysts regarding its valuation and the potential impact of generative AI on its business.