Economy

Wasatch Advisors Inc Lowers Its Ownership in Cornerstone Ondemand (CSOD) Last Quarter

Its down 0.72% from 4.59M shares previously.

Checking in on some valuation rankings, Cornerstone OnDemand, Inc. (NasdaqGS:CSOD), we note that the current Book to Market value for the firm is at 0.016877.

Cornerstone OnDemand (NASDAQ:CSOD) announced that its Board of Directors has initiated a share repurchase program, which allows the company to buyback $100.00 million in shares on Wednesday, November 8th, EventVestor reports.

Cornerstone Ondemand (NASDAQ:CSOD)'s share price plunged -1.7% or -0.59 to reach at $34.17 during previous trading session. It has underperformed by 15.93% the S&P500. Schwab Charles Investment Management Inc. now owns 221,011 shares of the software maker's stock valued at $7,902,000 after purchasing an additional 14,642 shares during the period. For the last quarter, shares have performed 0.49%. Huntington Bancorp owns 33,026 shares. About 40,949 shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since November 12, 2016 and is uptrending. It has underperformed by 15.93% the S&P500. They expect $0.55 earnings per share, 0.00% or $0.00 from last year's $0.55 per share. DBD's profit will be $32.46M for 10.32 P/E if the $0.43 EPS becomes a reality. During the same quarter in the previous year, the firm posted $0.11 earnings per share. analysts forecast that Cornerstone OnDemand will post -0.69 EPS for the current fiscal year.

Investors sentiment increased to 1.22 in Q2 2017. Its down 0.07, from 1.11 in 2017Q1.

Institutional investors and hedge funds have recently made changes to their positions in the company. 35 funds opened positions while 84 raised stakes. Hanson Doremus Management holds 1,600 shares or 0.05% of its portfolio. Regent Invest Mgmt Limited Com owns 57,717 shares for 0.64% of their portfolio. Rgm Capital Llc owns 2.37 million shares or 8.63% of their U.S. portfolio. 3,500 are owned by Ckw Financial Gru. Alphamark Ltd Liability Company holds 150 shares or 0.01% of its portfolio. (NASDAQ:CSCO) for 449,799 shares. Pub Employees Retirement Association Of Colorado owns 10,937 shares or 0% of their U.S. portfolio. Investors may be trying to figure out if it is a good time to get into a certain stock, or whether to exit a position that has been a loser. 2,172 are held by Fifth Third Natl Bank. (NASDAQ:CSCO) or 99,351 shares. Teachers Retirement Of The State Of Kentucky holds 12,101 shares or 0% of its portfolio. Fincl Advantage stated it has 155,373 shares. Relative strength index (RSI-14) for Cornerstone Ondemand (NASDAQ:CSOD) is at 18.72. The company's market capitalization is $2.20 billion. Nationwide Fund Advisors owns 49,980 shares. Baxter Intl Inc (NYSE:BAX) was raised too. 12Th Street Asset Management Company Llc sold 7,580 shares as Steris (STE)'s stock rose 10.26%. Alliancebernstein Ltd Partnership reported 76,600 shares. The stock has "Underweight" rating by Barclays Capital on Wednesday, January 6. Therefore 62% are positive.

A number of analysts have issued reports on CSOD shares. (NASDAQ:CSOD) on Wednesday, November 8 to "Neutral" rating. The rating was maintained by Drexel Hamilton with "Buy" on Friday, June 23. The firm has "Outperform" rating given on Thursday, February 16 by RBC Capital Markets. On August 4 Piper Jaffray Companies left the company rating at "Overweight" targeting a price of $46.00. The company was maintained on Friday, August 19 by Argus Research. The consensus recommendation rating is a Hold. Therefore 53% are positive. Cornerstone OnDemand has a 12-month low of $22.25 and a 12-month high of $47.75. (NASDAQ:CSOD) has "Neutral" rating given on Friday, November 4 by UBS. More interesting news about Cornerstone OnDemand, Inc. Imperial Capital has "In-Line" rating and $30 target. The rating was upgraded by Credit Suisse to "Outperform" on Wednesday, July 19. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Finally, First Analysis boosted their price objective on Cornerstone OnDemand from $50.00 to $54.00 and gave the company an "overweight" rating in a research report on Tuesday, September 6th.

Investors sentiment increased to 1.22 in 2017 Q2. Its up 0.43, from 0.57 in 2017Q1.

Wasatch Advisors Inc says it sold 2,534,593 shares last quarter decreasing its exposure to Cornerstone Ondemand by 63.3%. 24 funds opened positions while 60 raised stakes.

Watching some historical volatility numbers on shares of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) or 1,345 shares. Creative Planning holds 52 shares. It does not measure the risk of an investment held on a stand-alone basis, but the amount of risk the investment adds to an already-diversified portfolio. It also reduced its holding in Servicenow Inc (NYSE:NOW) by 6,407 shares in the quarter, leaving it with 68,970 shares, and cut its stake in Synchrony Finl (NYSE:SYF). 434,045 were accumulated by Geode Cap Lc. Paloma Prns invested 0.01% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) or 10,678 shares. (NASDAQ:CSOD) for 407,800 shares. Keybank Association Oh has invested 0% in Cornerstone OnDemand, Inc.

Partner Fund Management Lp increased Weatherford Intl Ltd (Prn) stake by 8.64 million shares to 81.52 million valued at $82.69M in 2017Q2.

Since May 17, 2017, it had 0 insider buys, and 2 sales for $187,946 activity.

Recent changes in institutional ownership at Cornerstone OnDemand, Inc.

The Price to Book ratio (Current share price / Book value per share) is a good valuation measure you can use to find undervalued investment ideas.

Looking at some ROIC (Return on Invested Capital) numbers, Cornerstone OnDemand, Inc. The company now has a P/E ratio of N/A and the market cap is 1.99B. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). It now has negative earnings. Its human capital management platform combines the talent management solutions with analytics and human resources (HR) administration solutions to enable organizations to manage the employee lifecycle.

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