Public Employees Retirement System of Ohio lowered its stake in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) by 31.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,096 shares of the software maker’s stock after selling 28,799 shares during the quarter. Public Employees Retirement System of Ohio owned 0.11% of Cornerstone OnDemand worth $2,603,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Delta Lloyd Asset Management N.V. purchased a new stake in Cornerstone OnDemand in the second quarter worth approximately $1,748,000. State of Wisconsin Investment Board boosted its holdings in Cornerstone OnDemand by 33.7% in the second quarter. State of Wisconsin Investment Board now owns 59,481 shares of the software maker’s stock worth $2,126,000 after purchasing an additional 15,000 shares during the last quarter. Capital Fund Management S.A. purchased a new stake in Cornerstone OnDemand in the second quarter worth approximately $3,279,000. Schwab Charles Investment Management Inc. boosted its holdings in Cornerstone OnDemand by 7.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 221,011 shares of the software maker’s stock worth $7,902,000 after purchasing an additional 14,642 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Cornerstone OnDemand by 4.6% in the second quarter. Northern Trust Corp now owns 672,594 shares of the software maker’s stock worth $24,045,000 after purchasing an additional 29,676 shares during the last quarter. Institutional investors own 95.76% of the company’s stock.

Several equities research analysts recently issued reports on CSOD shares. B. Riley dropped their target price on shares of Cornerstone OnDemand from $47.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 10th. KeyCorp restated a “hold” rating on shares of Cornerstone OnDemand in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of Cornerstone OnDemand from a “sell” rating to a “hold” rating in a research note on Monday, October 9th. JPMorgan Chase & Co. upgraded shares of Cornerstone OnDemand from an “underweight” rating to a “neutral” rating in a research note on Wednesday, November 8th. Finally, Piper Jaffray Companies cut shares of Cornerstone OnDemand from an “overweight” rating to a “neutral” rating and set a $40.00 price target on the stock. in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $42.75.

In other news, CEO Adam L. Miller sold 6,000 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $40.81, for a total transaction of $244,860.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director R C. Mark Baker sold 2,000 shares of the firm’s stock in a transaction on Friday, October 20th. The shares were sold at an average price of $39.88, for a total transaction of $79,760.00. Following the sale, the director now owns 25,850 shares in the company, valued at $1,030,898. The disclosure for this sale can be found here. Insiders have sold a total of 14,000 shares of company stock worth $539,900 over the last 90 days. Insiders own 12.60% of the company’s stock.

Cornerstone OnDemand, Inc. (CSOD) opened at $35.33 on Friday. The firm has a market cap of $2,058.39, a price-to-earnings ratio of -28.26 and a beta of 0.50. Cornerstone OnDemand, Inc. has a one year low of $33.24 and a one year high of $44.25.

Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings results on Wednesday, November 8th. The software maker reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The business had revenue of $121.80 million for the quarter, compared to analysts’ expectations of $118.95 million. Cornerstone OnDemand had a negative net margin of 15.45% and a negative return on equity of 173.27%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 EPS. analysts expect that Cornerstone OnDemand, Inc. will post -0.66 earnings per share for the current year.

Cornerstone OnDemand announced that its Board of Directors has approved a stock buyback plan on Wednesday, November 8th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the software maker to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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Cornerstone OnDemand Company Profile

Cornerstone OnDemand, Inc is a cloud computing company. The Company provides learning and human capital management software, delivered as Software-as-a-Service (SaaS). 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.

Institutional Ownership by Quarter for Cornerstone OnDemand (NASDAQ:CSOD)

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