Mcclain Value Management Has Decreased Its Holding in Innerworkings (INWK) by $1.23 Million as Share Value Rose; As Adobe Sys (ADBE) Market Value Rose, Shareholder Melvin Capital Management LP Has Lowered by $68.26 Million Its Holding

February 15, 2018 - By Henry Gaston

Melvin Capital Management Lp decreased its stake in Adobe Sys Inc (ADBE) by 53.7% based on its latest 2017Q3 regulatory filing with the SEC. Melvin Capital Management Lp sold 458,140 shares as the company’s stock rose 14.01% with the market. The institutional investor held 395,000 shares of the prepackaged software company at the end of 2017Q3, valued at $58.93M, down from 853,140 at the end of the previous reported quarter. Melvin Capital Management Lp who had been investing in Adobe Sys Inc for a number of months, seems to be less bullish one the $98.75 billion market cap company. The stock increased 1.90% or $3.75 during the last trading session, reaching $200.88. About 995,790 shares traded. Adobe Systems Incorporated (NASDAQ:ADBE) has risen 42.29% since February 15, 2017 and is uptrending. It has outperformed by 25.59% the S&P500.

Mcclain Value Management Llc decreased its stake in Innerworkings Inc (INWK) by 22.09% based on its latest 2017Q3 regulatory filing with the SEC. Mcclain Value Management Llc sold 111,522 shares as the company’s stock rose 12.55% with the market. The institutional investor held 393,356 shares of the consumer durables company at the end of 2017Q3, valued at $4.43 million, down from 504,878 at the end of the previous reported quarter. Mcclain Value Management Llc who had been investing in Innerworkings Inc for a number of months, seems to be less bullish one the $483.58 million market cap company. The stock increased 0.73% or $0.065 during the last trading session, reaching $8.935. About 94,674 shares traded. InnerWorkings, Inc. (NASDAQ:INWK) has risen 36.17% since February 15, 2017 and is uptrending. It has outperformed by 19.47% the S&P500.

Among 5 analysts covering Innerworkings (NASDAQ:INWK), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Innerworkings had 6 analyst reports since August 7, 2015 according to SRatingsIntel. Wunderlich maintained the shares of INWK in report on Thursday, June 29 with “Buy” rating. The stock of InnerWorkings, Inc. (NASDAQ:INWK) earned “Outperform” rating by Barrington Research on Monday, February 27.

Analysts await InnerWorkings, Inc. (NASDAQ:INWK) to report earnings on February, 22. They expect $0.13 earnings per share, up 8.33% or $0.01 from last year’s $0.12 per share. INWK’s profit will be $7.04M for 17.18 P/E if the $0.13 EPS becomes a reality. After $0.15 actual earnings per share reported by InnerWorkings, Inc. for the previous quarter, Wall Street now forecasts -13.33% negative EPS growth.

Investors sentiment decreased to 0.93 in Q3 2017. Its down 0.28, from 1.21 in 2017Q2. It is negative, as 17 investors sold INWK shares while 39 reduced holdings. 13 funds opened positions while 39 raised stakes. 42.69 million shares or 2.29% more from 41.73 million shares in 2017Q2 were reported. Geode Mngmt Limited, Massachusetts-based fund reported 353,103 shares. Blackrock Inc holds 0% in InnerWorkings, Inc. (NASDAQ:INWK) or 3.38M shares. Royal Comml Bank Of Canada reported 104,901 shares stake. Arrowmark Colorado Holdings Lc has 0.37% invested in InnerWorkings, Inc. (NASDAQ:INWK). 700,974 were reported by Northern Tru. Aristotle Capital Boston Ltd Liability reported 979,271 shares. 21,107 are held by Brown Advisory. Mcclain Value Management owns 393,356 shares. Credit Suisse Ag holds 0% or 72,326 shares. Guggenheim Capital Lc stated it has 0% of its portfolio in InnerWorkings, Inc. (NASDAQ:INWK). D E Shaw & owns 321,507 shares. Barrow Hanley Mewhinney & Strauss Limited Liability Co holds 26,019 shares. Petrus Tru Lta stated it has 0.03% of its portfolio in InnerWorkings, Inc. (NASDAQ:INWK). Fmr Lc holds 0% in InnerWorkings, Inc. (NASDAQ:INWK) or 947,631 shares. Perritt Capital Incorporated holds 0.86% of its portfolio in InnerWorkings, Inc. (NASDAQ:INWK) for 291,550 shares.

Melvin Capital Management Lp, which manages about $8.31 billion US Long portfolio, upped its stake in Facebook Inc (NASDAQ:FB) by 474,464 shares to 924,464 shares, valued at $157.96 million in 2017Q3, according to the filing. It also increased its holding in Brunswick Corp (NYSE:BC) by 250,000 shares in the quarter, for a total of 650,000 shares, and has risen its stake in Take (NASDAQ:TTWO).

Analysts await Adobe Systems Incorporated (NASDAQ:ADBE) to report earnings on March, 15. They expect $1.06 EPS, up 35.90% or $0.28 from last year’s $0.78 per share. ADBE’s profit will be $521.09M for 47.38 P/E if the $1.06 EPS becomes a reality. After $1.05 actual EPS reported by Adobe Systems Incorporated for the previous quarter, Wall Street now forecasts 0.95% EPS growth.

Investors sentiment increased to 1.11 in Q3 2017. Its up 0.01, from 1.1 in 2017Q2. It improved, as 42 investors sold ADBE shares while 327 reduced holdings. 97 funds opened positions while 312 raised stakes. 414.95 million shares or 0.84% less from 418.45 million shares in 2017Q2 were reported. Capital One Association has invested 0.03% in Adobe Systems Incorporated (NASDAQ:ADBE). Voya Mngmt Ltd has 0.48% invested in Adobe Systems Incorporated (NASDAQ:ADBE). 362 are held by Kistler. Triangle Securities Wealth Mngmt holds 0.61% or 6,849 shares in its portfolio. 781,916 are held by Millennium Mgmt Ltd Liability Corporation. Weiss Multi accumulated 12,500 shares or 0.07% of the stock. Loring Wolcott Coolidge Fiduciary Advsr Llp Ma reported 0.2% in Adobe Systems Incorporated (NASDAQ:ADBE). Silvercrest Asset Management Gp Limited has invested 0.01% in Adobe Systems Incorporated (NASDAQ:ADBE). State Board Of Administration Of Florida Retirement Sys accumulated 0.3% or 729,427 shares. The Pennsylvania-based Sei Investments has invested 0.46% in Adobe Systems Incorporated (NASDAQ:ADBE). Reliance Tru Of Delaware holds 0.16% or 7,216 shares in its portfolio. Nordea Ab accumulated 0.15% or 415,230 shares. Gamco Invsts Et Al has invested 0.02% in Adobe Systems Incorporated (NASDAQ:ADBE). Murphy Mgmt stated it has 1,827 shares. Amalgamated Bank & Trust reported 59,577 shares stake.

Among 38 analysts covering Adobe Systems (NASDAQ:ADBE), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. Adobe Systems had 140 analyst reports since August 11, 2015 according to SRatingsIntel. On Thursday, June 8 the stock rating was maintained by BMO Capital Markets with “Buy”. The rating was maintained by Piper Jaffray with “Buy” on Monday, October 16. Bernstein maintained the stock with “Outperform” rating in Friday, March 18 report. The firm has “Mkt Perform” rating given on Friday, December 11 by FBR Capital. Stephens maintained Adobe Systems Incorporated (NASDAQ:ADBE) rating on Tuesday, January 2. Stephens has “Buy” rating and $210.0 target. Stifel Nicolaus maintained it with “Buy” rating and $175.0 target in Thursday, October 19 report. As per Wednesday, October 25, the company rating was maintained by Argus Research. The rating was initiated by Cowen & Co on Friday, June 24 with “Outperform”. The company was maintained on Wednesday, November 22 by KeyBanc Capital Markets. As per Friday, December 15, the company rating was maintained by RBC Capital Markets.

Since September 13, 2017, it had 1 insider buy, and 14 sales for $79.49 million activity. GESCHKE CHARLES M had sold 21,276 shares worth $3.97 million. $304,434 worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by Lewnes Ann. DILLON MICHAEL A sold $1.26 million worth of stock. On Tuesday, February 6 the insider GARRETT MARK sold $10.21 million. $5.97 million worth of stock was sold by LAMKIN BRYAN on Wednesday, January 31. $32.66M worth of Adobe Systems Incorporated (NASDAQ:ADBE) shares were sold by NARAYEN SHANTANU.

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