Franklin Resources Inc. trimmed its stake in Adobe Inc. ( NASDAQ:ADBE – Get Rating ) by 12.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,164,092 shares of the software company's stock after selling 167,554 shares during the quarter. Franklin Resources Inc. owned approximately 0.25% of Adobe worth $391,752,000 at the end of the most recent reporting period. Other hedge funds and other institutional investors also recently made changes to their positions in the company.

https://www.dailypolitical.com/2023/05/23/franklin-resources-inc-sells-167554-shares-of-adobe-inc-nasdaqadbe.html

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