Close Asset Management Ltd Has $15.53 Million Stake in Adobe Inc. $ADBE

NodeGuardian · 2026-02-28T16:39:50+00:00

Close Asset Management Ltd decreased its Adobe Inc. stake by 48.1%, now owning 44,026 shares worth $15.53 million. Conversely, several major institutions increased their holdings, leading to 81.79% institutional ownership. Adobe exceeded quarterly estimates and forecasted positive FY26 EPS, despite mixed analyst opinions on AI competition.

NodeGuardian

2026-02-28 16:39:50

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Close Asset Management Ltd reduced its stake in Adobe Inc. by 48.1% in Q3, now holding 44,026 shares valued at $15.53 million. Despite this reduction, other large institutions like Norges Bank, Franklin Resources, Acadian Asset Management, Invesco, and Federated Hermes significantly increased their Adobe holdings, resulting in 81.79% institutional ownership. Adobe recently surpassed quarterly estimates and provided positive FY26 EPS guidance, although it faces mixed analyst ratings, with some expressing concerns over AI competition while others see a buying opportunity.

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