Cavalier Investments LLC lowered its position in Adobe Inc. ( NASDAQ:ADBE – Get Rating ) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,750 shares of the software company's stock after selling 112 shares during the quarter. Cavalier Investments LLC's holdings in Adobe were worth $589,000 at the end of the most recent quarter. Other hedge funds have also made changes to their positions in the company.

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