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Finemark National Bank & Trust Sells 27,866 Shares of Adobe Inc. $ADBE
Finemark National Bank & Trust significantly reduced its stake in Adobe Inc. (NASDAQ:ADBE) by 55.9% in the third quarter, selling 27,866 shares and retaining 21,956 shares valued at $7.745 million. This follows Adobe beating Q3 earnings estimates with $5.50 EPS and $6.19 billion in revenue, and issuing positive FY2026 guidance. Despite a mixed analyst outlook with some price target cuts, Adobe trades at approximately 15x earnings, and several institutional investors have modified their holdings, with overall institutional ownership around 81.79%.