June 10, 2018 – By Pete Kolinski

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Logo

Summit Financial Wealth Advisors Llc decreased its stake in Bank New York Mellon Corp (BK) by 40.41% based on its latest 2018Q1 regulatory filing with the SEC. Summit Financial Wealth Advisors Llc sold 28,044 shares as the company’s stock declined 2.03% with the market. The institutional investor held 41,361 shares of the major banks company at the end of 2018Q1, valued at $2.13M, down from 69,405 at the end of the previous reported quarter. Summit Financial Wealth Advisors Llc who had been investing in Bank New York Mellon Corp for a number of months, seems to be less bullish one the $58.18 billion market cap company. The stock decreased 0.16% or $0.09 during the last trading session, reaching $57.56. About 3.63M shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 20.30% since June 10, 2017 and is uptrending. It has outperformed by 7.73% the S&P500. Some Historical BK News: 16/03/2018 – 11KN: Bank of New York Mellon: FRN Variable Rate Fix; 03/05/2018 – 68WN: Bank of New York Mellon: FRN Variable Rate Fix; 19/04/2018 – Bank of New York Mellon 1Q Return on Tangible Common Equity 26%; 24/04/2018 – 43SP: BANK OF NEW YORK MELLON: FRN Variable Rate Fix; 23/03/2018 – 34YW: Bank of New York Mellon: FRN Variable Rate Fix; 29/05/2018 – 41EE: Bank of New York Mellon: FRN Variable Rate Fix; 13/03/2018 – CRUIKSHANK SAYS BNY ADVICE TO CLIENTS TO TAKE LONG-TERM VIEW; 06/04/2018 – Moody’s downgrades three classes of UK Housing Association Notes issued by Finance for Residential Social Housing PLC (Fresh); 17/05/2018 – 36AK: Bank of New York Mellon: FRN Variable Rate Fix; 17/04/2018 – BNY Mellon Asset Strategy View® Finds Larger Endowments and Foundations that Invest in Alternative Investments Outperform Smal

Praesidium Investment Management Company Llc increased its stake in Cornerstone Ondemand Inc (CSOD) by 4.9% based on its latest 2018Q1 regulatory filing with the SEC. Praesidium Investment Management Company Llc bought 144,584 shares as the company’s stock rose 17.31% while stock markets declined. The institutional investor held 3.10M shares of the technology company at the end of 2018Q1, valued at $121.07 million, up from 2.95 million at the end of the previous reported quarter. Praesidium Investment Management Company Llc who had been investing in Cornerstone Ondemand Inc for a number of months, seems to be bullish on the $2.86B market cap company. The stock increased 0.90% or $0.44 during the last trading session, reaching $49.56. About 488,710 shares traded. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 28.08% since June 10, 2017 and is uptrending. It has outperformed by 15.51% the S&P500. Some Historical CSOD News: 08/05/2018 – CORNERSTONE ONDEMAND 1Q REV. $132.7M, EST. $126.9M; 11/03/2018 – Japan’s Nippon Life Is ‘Cornerstone’ DWS Group Investor With 5% Stake; 01/05/2018 – Cornerstone OnDemand Announces Convergence 2018 Client Conference; 01/05/2018 – International Women’s Forum Convenes Global Leaders in Melbourne for 2018 Cornerstone Conference; 23/04/2018 – DJ Cornerstone Ondemand Inc, Inst Holders, 1Q 2018 (CSOD); 22/05/2018 – Integrity Marketing Group Expands in the Midwest by Acquiring the Senior Market Division of Cornerstone Broker Insurance Services; 06/03/2018 Cornerstone MFT Continues to Keep Users Ahead of Current Security and Encryption Standards; 20/03/2018 – VIVENDI VIV; 17/04/2018 – Cornerstone Capital Group Publishes Report on Impact Investing Essentials; 08/05/2018 – Cornerstone OnDemand Nominates Three Accomplished Software Industry CEOs to Board of Directors and Names New Chair

Summit Financial Wealth Advisors Llc, which manages about $360.13M and $134.32M US Long portfolio, upped its stake in Vanguard Index Fds (VTI) by 6,994 shares to 18,559 shares, valued at $2.52M in 2018Q1, according to the filing.

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.12, from 0.99 in 2017Q4. It is negative, as 53 investors sold BK shares while 340 reduced holdings. 81 funds opened positions while 260 raised stakes. 812.17 million shares or 1.50% less from 824.52 million shares in 2017Q4 were reported. Strategic Fincl holds 0.86% in The Bank of New York Mellon Corporation (NYSE:BK) or 102,549 shares. First Personal Financial, North Carolina-based fund reported 16,879 shares. Great West Life Assurance Co Can reported 1.22 million shares or 0.15% of all its holdings. Cliftonlarsonallen Wealth Advsrs Ltd Liability Company has 0.07% invested in The Bank of New York Mellon Corporation (NYSE:BK). Conning Inc, Connecticut-based fund reported 27,490 shares. Fil has invested 0.8% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK). Schafer Cullen reported 29,924 shares. Massachusetts Financial Company Ma holds 0.79% in The Bank of New York Mellon Corporation (NYSE:BK) or 35.78M shares. Kanawha Cap Mngmt Llc holds 0.35% of its portfolio in The Bank of New York Mellon Corporation (NYSE:BK) for 44,886 shares. State Teachers Retirement holds 1.74 million shares or 0.22% of its portfolio. Berkshire Asset Ltd Liability Co Pa reported 8,466 shares. First Quadrant Lp Ca reported 160,881 shares. San Francisco Sentry Invest Group (Ca) invested in 0% or 102 shares. Bb&T Corporation has 0.01% invested in The Bank of New York Mellon Corporation (NYSE:BK). Johnson Inv Counsel invested in 14,746 shares or 0.02% of the stock.

More recent The Bank of New York Mellon Corporation (NYSE:BK) news were published by: Seekingalpha.com which released: “Tracking Warren Buffett’s Berkshire Hathaway Portfolio – Q1 2018 Update” on May 16, 2018. Also Schaeffersresearch.com published the news titled: “Worst Stocks to Own After a Fed Rate Hike” on June 08, 2018. Fool.com‘s news article titled: “9 Stocks Warren Buffett Loves More Than Ever” with publication date: June 04, 2018 was also an interesting one.

Analysts await The Bank of New York Mellon Corporation (NYSE:BK) to report earnings on July, 19. They expect $1.04 EPS, up 13.04% or $0.12 from last year’s $0.92 per share. BK’s profit will be $1.05 billion for 13.84 P/E if the $1.04 EPS becomes a reality. After $1.10 actual EPS reported by The Bank of New York Mellon Corporation for the previous quarter, Wall Street now forecasts -5.45% negative EPS growth.

Among 25 analysts covering The Bank Of New York Mellon Corporation (NYSE:BK), 11 have Buy rating, 3 Sell and 11 Hold. Therefore 44% are positive. The Bank Of New York Mellon Corporation had 86 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, April 19. On Thursday, April 5 the stock rating was maintained by Jefferies with “Hold”. The stock has “Hold” rating by RBC Capital Markets on Wednesday, August 30. The stock of The Bank of New York Mellon Corporation (NYSE:BK) has “Hold” rating given on Thursday, June 22 by RBC Capital Markets. The rating was maintained by Deutsche Bank on Friday, May 27 with “Buy”. The company was downgraded on Friday, January 20 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Thursday, January 18. Keefe Bruyette & Woods has “Hold” rating and $60.0 target. Jefferies maintained The Bank of New York Mellon Corporation (NYSE:BK) rating on Monday, June 19. Jefferies has “Hold” rating and $5200 target. The firm has “Hold” rating given on Monday, March 12 by Goldman Sachs. The rating was maintained by Sandler O’Neill with “Hold” on Thursday, April 19.

More news for Cornerstone OnDemand, Inc. (NASDAQ:CSOD) were recently published by: Profitconfidential.com, which released: “CSOD Stock Looks Skyward as Its Bull Market Resumes” on June 07, 2018. Seekingalpha.com‘s article titled: “Cornerstone: Turning The Ship Around” and published on May 14, 2018 is yet another important article.

Among 20 analysts covering Cornerstone OnDemand (NASDAQ:CSOD), 10 have Buy rating, 1 Sell and 9 Hold. Therefore 50% are positive. Cornerstone OnDemand had 59 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Underweight” rating by Barclays Capital given on Wednesday, January 6. JP Morgan maintained Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Wednesday, February 14 with “Neutral” rating. FBR Capital maintained the shares of CSOD in report on Wednesday, March 14 with “Buy” rating. Credit Suisse maintained the stock with “Outperform” rating in Thursday, February 11 report. As per Thursday, April 19, the company rating was maintained by Bank of America. The firm has “Overweight” rating given on Tuesday, September 6 by First Analysis. On Monday, October 16 the stock rating was maintained by Piper Jaffray with “Buy”. J.P. Morgan upgraded Cornerstone OnDemand, Inc. (NASDAQ:CSOD) rating on Wednesday, November 8. J.P. Morgan has “Hold” rating and $37.0 target. Barclays Capital upgraded the shares of CSOD in report on Friday, July 15 to “Equal-Weight” rating. On Thursday, November 9 the stock rating was downgraded by PiperJaffray to “Neutral”.

Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Institutional Positions Chart

– Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with our FREE daily email newsletter.

By



Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here