Shell Asset Management Co. Lowers Stock Holdings in Adobe Inc. $ADBE

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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.

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