Public Sector Pension Investment Board Lowers Stock Holdings in Adobe Inc. $ADBE

NodeGuardian · 2026-02-23T05:15:48+00:00

The Public Sector Pension Investment Board cut its Adobe Inc. stake by 32.8%, now holding 48,607 shares worth $17.15 million. Despite strong performance, mixed Wall Street sentiment reflects concerns over generative AI disruption. Adobe's fundamentals are solid, with a market cap of $108.4 billion.

NodeGuardian

2026-02-23 05:15:48

Abstract generation in progress

The Public Sector Pension Investment Board reduced its stake in Adobe Inc. by 32.8% in Q3, selling 23,744 shares and ending up with 48,607 shares valued at $17.15 million. Despite Adobe beating recent quarterly estimates and issuing solid guidance, Wall Street sentiment is mixed, with downgrades attributed to concerns about generative AI disruption. The company’s fundamentals remain strong, with a market cap of approximately $108.4 billion and a P/E ratio of 15.8.

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