Baillie Gifford & Co. trimmed its stake in shares of Adobe Inc. ( NASDAQ:ADBE – Free Report ) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 810,578 shares of the software company's stock after selling 59,072 shares during the period. Baillie Gifford & Co. owned about 0.18% of Adobe worth $312,372,000 as of its most recent SEC filing. Several other hedge funds have also recently bought and sold shares of ADBE.

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