Clearbridge Investments Llc increased its stake in Chegg Inc (CHGG) by 1.84% based on its latest 2018Q4 regulatory filing with the SEC. Clearbridge Investments Llc bought 45,553 shares as the company’s stock rose 44.21% with the market. The institutional investor held 2.53M shares of the consumer services company at the end of 2018Q4, valued at $71.83 million, up from 2.48M at the end of the previous reported quarter. Clearbridge Investments Llc who had been investing in Chegg Inc for a number of months, seems to be bullish on the $4.57 billion market cap company. The stock increased 0.43% or $0.17 during the last trading session, reaching $39.46. About 1.13 million shares traded. Chegg, Inc. (NYSE:CHGG) has risen 99.19% since March 10, 2018 and is uptrending. It has outperformed by 94.82% the S&P500. Some Historical CHGG News: 26/04/2018 – Chegg 1Q Loss/Shr 2c; 26/04/2018 – Chegg Sees 2018 Rev $300M-$305M; 16/05/2018 – Chegg Deepens Investment In Writing And AI With Acquisition Of WriteLab; 26/04/2018 – CHEGG INC CHGG.N – SEES FY 2018 CAPITAL EXPENDITURES IN THE RANGE OF $30 MILLION TO $35 MILLION; 16/05/2018 – CHEGG DEEPENS INVESTMENT IN WRITING & AI WITH PURCHASE OF WRITE; 27/04/2018 – Chegg Presenting at JPMorgan Conference May 17; 29/03/2018 – CHEGG INC CHGG.N – AGGREGATE PRINCIPAL AMOUNT OF OFFERING WAS INCREASED FROM PREVIOUSLY ANNOUNCED OFFERING SIZE OF $250.0 MLN; 15/05/2018 – Hitchwood Capital Management Buys New 1.2% Position in Chegg; 14/05/2018 – Easy Solutions Launches Facial Recognition with SelflD™; 16/05/2018 – CHEGG ACQUIRES WRITELAB
First American Bank decreased its stake in Ibm Corp (IBM) by 43.35% based on its latest 2018Q4 regulatory filing with the SEC. First American Bank sold 6,903 shares as the company’s stock rose 12.54% with the market. The institutional investor held 9,020 shares of the computer manufacturing company at the end of 2018Q4, valued at $1.03M, down from 15,923 at the end of the previous reported quarter. First American Bank who had been investing in Ibm Corp for a number of months, seems to be less bullish one the $120.21B market cap company. The stock decreased 0.20% or $0.27 during the last trading session, reaching $135.09. About 3.77 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 10.00% since March 10, 2018 and is downtrending. It has underperformed by 14.37% the S&P500. Some Historical IBM News: 20/03/2018 – NEUVECTOR & IBM CLOUD REPORT RUN-TIME SECURITY FOR KUBERNETES; 17/04/2018 – IBM earnings beat: $2.45 per share, vs $2.42 expected EPS; 17/04/2018 – IBM 1Q Cloud Rev $4.2B; 14/03/2018 – CLOUDFLARE IN COLLABORATION PACT WITH IBM; 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson; 13/03/2018 – DomainTools Joins IBM Security App Exchange Community; 23/05/2018 – Uber widens health cover in Europe as new CEO meets France’s Macron; 18/04/2018 – With Wednesday’s dip, IBM is down 13 percent on the 12-month period; 22/05/2018 – College students apply for more entry-level jobs at IBM, JP Morgan, Amazon and Tesla than at any other companies; 15/05/2018 – IBM Presenting at JPMorgan Conference Tomorrow
More notable recent Chegg, Inc. (NYSE:CHGG) news were published by: Prnewswire.com which released: “Chegg Reports Q4 and Full Year 2018 Financial Results and Raises 2019 Guidance – PRNewswire” on February 11, 2019, also Investorplace.com with their article: “Chegg Earnings: CHGG Stock Skyrockets on Q4 Earnings Beat – Investorplace.com” published on February 11, 2019, Seekingalpha.com published: “Stocks To Watch: Those Ticking Clocks – Seeking Alpha” on February 09, 2019. More interesting news about Chegg, Inc. (NYSE:CHGG) were released by: Benzinga.com and their article: “44 Stocks Moving In Tuesday’s Mid-Day Session – Benzinga” published on February 12, 2019 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For March 6, 2019 – Benzinga” with publication date: March 06, 2019.
Clearbridge Investments Llc, which manages about $98.86 billion US Long portfolio, decreased its stake in Now Inc (NYSE:DNOW) by 447,674 shares to 9.09 million shares, valued at $105.83M in 2018Q4, according to the filing. It also reduced its holding in Athenahealth Inc (NASDAQ:ATHN) by 385,560 shares in the quarter, leaving it with 578,532 shares, and cut its stake in Boston Properties Inc (NYSE:BXP).
Investors sentiment decreased to 1.09 in Q4 2018. Its down 0.05, from 1.14 in 2018Q3. It worsened, as 22 investors sold CHGG shares while 66 reduced holdings. 35 funds opened positions while 61 raised stakes. 111.69 million shares or 0.51% more from 111.12 million shares in 2018Q3 were reported. Trexquant Invest Lp accumulated 8,062 shares. D E Shaw, New York-based fund reported 364,775 shares. Envestnet Asset reported 0% of its portfolio in Chegg, Inc. (NYSE:CHGG). Waddell Reed Finance has invested 0.06% in Chegg, Inc. (NYSE:CHGG). United Service Automobile Association holds 0.01% or 112,877 shares in its portfolio. Citadel Limited Liability Company owns 88,710 shares. Kbc Grp Nv reported 0.02% of its portfolio in Chegg, Inc. (NYSE:CHGG). 1.07M were reported by Riverbridge Limited Liability. Wesbanco Comml Bank Inc invested in 0.1% or 59,308 shares. The California-based Destination Wealth Management has invested 0.15% in Chegg, Inc. (NYSE:CHGG). Ftb Advsr, Tennessee-based fund reported 381 shares. Strs Ohio has 12,100 shares for 0% of their portfolio. Moreover, Bluemountain Cap Limited Liability Com has 0.06% invested in Chegg, Inc. (NYSE:CHGG) for 74,493 shares. Nomura Hldg Inc holds 325,000 shares or 0.03% of its portfolio. San Francisco Sentry Investment Gru (Ca) reported 30 shares stake.
Since September 12, 2018, it had 0 buys, and 17 insider sales for $30.14 million activity. $1.70M worth of stock was sold by BROWN ANDREW J on Wednesday, December 12. Another trade for 12,500 shares valued at $312,875 was made by York John E. on Wednesday, November 21. Another trade for 75,000 shares valued at $2.14M was sold by BRANDEMUEHL JENNY. 150,000 Chegg, Inc. (NYSE:CHGG) shares with value of $3.81 million were sold by ROSENSWEIG DANIEL. Shares for $1.59M were sold by Schultz Nathan J. on Tuesday, February 12. BORDERS DAVE JR. sold $418,500 worth of stock or 15,000 shares.
Analysts await International Business Machines Corporation (NYSE:IBM) to report earnings on April, 16. They expect $2.22 earnings per share, down 9.39% or $0.23 from last year’s $2.45 per share. IBM’s profit will be $1.98 billion for 15.21 P/E if the $2.22 EPS becomes a reality. After $4.87 actual earnings per share reported by International Business Machines Corporation for the previous quarter, Wall Street now forecasts -54.41% negative EPS growth.
Since October 31, 2018, it had 5 insider buys, and 0 sales for $2.09 million activity. WADDELL FREDERICK H bought $249,722 worth of stock. 8,500 International Business Machines Corporation (NYSE:IBM) shares with value of $998,835 were bought by Rometty Virginia M. Shares for $495,846 were bought by TAUREL SIDNEY. OWENS JAMES W bought $114,673 worth of stock or 1,000 shares.
Investors sentiment decreased to 0.59 in Q4 2018. Its down 0.32, from 0.91 in 2018Q3. It turned negative, as 129 investors sold IBM shares while 678 reduced holdings. 121 funds opened positions while 353 raised stakes. 523.62 million shares or 6.28% more from 492.69 million shares in 2018Q3 were reported. Inspirion Wealth Advisors Limited Co stated it has 0.1% of its portfolio in International Business Machines Corporation (NYSE:IBM). Mufg Americas Holding has invested 0.19% in International Business Machines Corporation (NYSE:IBM). King Wealth invested in 2,531 shares or 0.1% of the stock. Sg Americas Secs Limited Company stated it has 308,791 shares or 0.31% of all its holdings. New Hampshire-based Wendell David Associate has invested 0.19% in International Business Machines Corporation (NYSE:IBM). 134 were reported by Port Solutions Llc. Aureus Asset Mgmt Limited Company invested in 2,802 shares or 0.05% of the stock. Valley Natl Advisers Inc holds 3,556 shares. Barclays Public Ltd holds 0.16% or 1.88 million shares. Wealthtrust Axiom Ltd Liability Com accumulated 3.17% or 68,019 shares. Cornerstone Advsr Inc has 0.04% invested in International Business Machines Corporation (NYSE:IBM) for 2,076 shares. Daiwa Secs Group, a Japan-based fund reported 58,710 shares. The Rhode Island-based Amica Pension Fund Board Of Trustees has invested 0.47% in International Business Machines Corporation (NYSE:IBM). Loomis Sayles & L P, Massachusetts-based fund reported 121 shares. Voya Investment Mgmt Ltd Company reported 0.14% in International Business Machines Corporation (NYSE:IBM).