Adobe Inc. $ADBE Shares Sold by Rathbones Group PLC

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Rathbones Group PLC reduced its stake in Adobe Inc. by 6.5% in the fourth quarter, selling 27,886 shares, though other hedge funds increased their holdings. Despite Adobe surpassing Q1 earnings and revenue estimates and providing strong FY2026 guidance, analyst sentiment remains mixed with a consensus “Hold” rating. Concerns such as an alleged data breach, potential legal actions, and AI commoditization are contributing to mixed investor sentiment and stock pressure.

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