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Lyell Wealth Management LP Lowers Stake in Adobe Inc. $ADBE
Lyell Wealth Management LP significantly reduced its stake in Adobe Inc. by 75.6% during the third quarter, selling over 7,000 shares. Despite this, Adobe reported strong quarterly earnings, beating expectations and providing optimistic guidance for FY2026. Analyst sentiment remains mixed, with an average “Hold” rating, as concerns about generative AI’s impact on Adobe’s business moderate positive financial results.