Synopsys (SNPS) Position Held by Ardevora Asset Management Llp; Praesidium Investment Management Company Has Upped Holding in Cornerstone Ondemand (CSOD) by $2.96 Million as Stock Value Declined

December 14, 2017 - By Marie Mckinney

Praesidium Investment Management Company Llc increased its stake in Cornerstone Ondemand Inc (CSOD) by 2.96% based on its latest 2017Q2 regulatory filing with the SEC. Praesidium Investment Management Company Llc bought 84,638 shares as the company’s stock declined 14.40% while stock markets rallied. The institutional investor held 2.95M shares of the technology company at the end of 2017Q2, valued at $105.40 million, up from 2.86 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 $2.03B market cap company. The stock increased 0.34% or $0.12 during the last trading session, reaching $35.06. About 406,155 shares traded. Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has risen 0.77% since December 14, 2016 and is uptrending. It has underperformed by 15.93% the S&P500.

Ardevora Asset Management Llp increased its stake in Synopsys Inc (SNPS) by 4.1% based on its latest 2017Q2 regulatory filing with the SEC. Ardevora Asset Management Llp bought 20,100 shares as the company’s stock rose 0.68% with the market. The institutional investor held 510,100 shares of the technology company at the end of 2017Q2, valued at $37.20 million, up from 490,000 at the end of the previous reported quarter. Ardevora Asset Management Llp who had been investing in Synopsys Inc for a number of months, seems to be bullish on the $13.28B market cap company. The stock increased 0.77% or $0.67 during the last trading session, reaching $88.25. About 1.23M shares traded or 29.51% up from the average. Synopsys, Inc. (NASDAQ:SNPS) has risen 45.65% since December 14, 2016 and is uptrending. It has outperformed by 28.95% the S&P500.

Investors sentiment increased to 1.22 in 2017 Q2. Its up 0.08, from 1.14 in 2017Q1. It improved, as 32 investors sold CSOD shares while 37 reduced holdings. 24 funds opened positions while 60 raised stakes. 50.39 million shares or 3.42% more from 48.72 million shares in 2017Q1 were reported. Praesidium Investment Communications Limited Liability Company holds 8.35% or 2.95 million shares in its portfolio. Edge Wealth Mgmt Limited Liability accumulated 3,616 shares. Guggenheim Cap Ltd Limited Liability Company holds 0% or 12,421 shares in its portfolio. Tiaa Cref Ltd Liability owns 230,115 shares or 0.01% of their US portfolio. Credit Agricole S A holds 13,300 shares. Victory Cap Mgmt holds 0.05% or 604,409 shares in its portfolio. Keybank National Association Oh reported 16,944 shares. Sumitomo Mitsui Asset Mngmt has invested 0.39% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). State Bank Of Montreal Can reported 625 shares. Next Group, a Texas-based fund reported 31 shares. Carlson Capital LP has invested 0.21% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Parallax Volatility Advisers LP holds 0% of its portfolio in Cornerstone OnDemand, Inc. (NASDAQ:CSOD) for 20,557 shares. Raymond James & Associates stated it has 0% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Eagle Asset reported 0.46% in Cornerstone OnDemand, Inc. (NASDAQ:CSOD). Principal Fincl Group Inc has 7,306 shares.

Since August 21, 2017, it had 0 buys, and 5 selling transactions for $1.43 million activity. $80,000 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) shares were sold by BURLINGAME HAROLD W. On Monday, August 21 Baker R C Mark sold $34,120 worth of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) or 1,000 shares.

Praesidium Investment Management Company Llc, which manages about $1.38B and $1.26B US Long portfolio, decreased its stake in Accenture Plc Ireland (NYSE:ACN) by 2,594 shares to 810,939 shares, valued at $100.30 million in 2017Q2, according to the filing. It also reduced its holding in Applied Matls Inc (NASDAQ:AMAT) by 330,720 shares in the quarter, leaving it with 1.53M shares, and cut its stake in Progress Software Corp (NASDAQ:PRGS).

Among 19 analysts covering Cornerstone OnDemand (NASDAQ:CSOD), 9 have Buy rating, 1 Sell and 9 Hold. Therefore 47% are positive. Cornerstone OnDemand had 47 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has “Buy” rating given on Friday, August 4 by Piper Jaffray. The company was upgraded on Wednesday, November 8 by J.P. Morgan. The company was downgraded on Wednesday, January 6 by Barclays Capital. As per Wednesday, November 2, the company rating was downgraded by JP Morgan. The stock of Cornerstone OnDemand, Inc. (NASDAQ:CSOD) has “Buy” rating given on Wednesday, December 6 by FBR Capital. As per Thursday, November 9, the company rating was maintained by Barclays Capital. The stock has “Outperform” rating by Credit Suisse on Friday, August 7. The rating was maintained by Piper Jaffray with “Buy” on Monday, October 16. First Analysis initiated it with “Overweight” rating and $50 target in Friday, July 1 report. Barclays Capital downgraded Cornerstone OnDemand, Inc. (NASDAQ:CSOD) on Tuesday, June 20 to “Underweight” rating.

More notable recent Cornerstone OnDemand, Inc. (NASDAQ:CSOD) news were published by: Seekingalpha.com which released: “Cornerstone OnDemand: How Big Could The Acquisition Be?” on September 25, 2017, also Businesswire.com with their article: “Cornerstone OnDemand Names Jeff Lautenbach as President of Global Field Operations” published on December 06, 2017, Seekingalpha.com published: “Cornerstone OnDemand: Priced For A Rebound” on September 05, 2017. More interesting news about Cornerstone OnDemand, Inc. (NASDAQ:CSOD) were released by: Reuters.com and their article: “BRIEF-RGM Capital Reports 5.28 Pct Stake In Cornerstone Ondemand” published on December 05, 2017 as well as Fortune.com‘s news article titled: “Cornerstone OnDemand Hires Advisers to Explore a Sale” with publication date: September 14, 2017.

Among 9 analysts covering Synopsys Inc. (NASDAQ:SNPS), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Synopsys Inc. had 28 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was downgraded by J.P. Morgan on Tuesday, December 12 to “Sell”. The stock of Synopsys, Inc. (NASDAQ:SNPS) earned “Average” rating by Bank of America on Friday, August 28. The stock has “Buy” rating by Needham on Thursday, November 30. DA Davidson maintained the shares of SNPS in report on Thursday, August 18 with “Buy” rating. The company was upgraded on Wednesday, October 25 by RBC Capital Markets. The stock has “Buy” rating by Needham on Thursday, December 1. RBC Capital Markets maintained the shares of SNPS in report on Wednesday, November 22 with “Buy” rating. The stock of Synopsys, Inc. (NASDAQ:SNPS) earned “Outperform” rating by Credit Suisse on Tuesday, August 15. RBC Capital Markets maintained the stock with “Buy” rating in Monday, June 19 report. On Monday, June 6 the stock rating was initiated by RBC Capital Markets with “Outperform”.

Since August 18, 2017, it had 0 insider purchases, and 2 insider sales for $675,581 activity. Logan Joseph W sold 5,000 shares worth $384,946.

Ardevora Asset Management Llp, which manages about $3.17B US Long portfolio, decreased its stake in Grand Canyon Ed Inc (NASDAQ:LOPE) by 13,900 shares to 508,300 shares, valued at $39.86M in 2017Q2, according to the filing. It also reduced its holding in Cognex Corp (NASDAQ:CGNX) by 37,500 shares in the quarter, leaving it with 428,100 shares, and cut its stake in Nvidia Corp (NASDAQ:NVDA).

Investors sentiment increased to 1.2 in Q2 2017. Its up 0.03, from 1.17 in 2017Q1. It is positive, as 23 investors sold SNPS shares while 144 reduced holdings. 62 funds opened positions while 138 raised stakes. 131.56 million shares or 2.46% less from 134.87 million shares in 2017Q1 were reported. Kbc Gp Nv has 212,575 shares. The Washington-based Parametric Assoc Ltd Liability Corporation has invested 0.03% in Synopsys, Inc. (NASDAQ:SNPS). Benjamin F Edwards And Com Inc holds 0% or 60 shares in its portfolio. Ifrah Fincl Svcs reported 5,204 shares stake. Citigroup accumulated 127,689 shares. Arizona State Retirement invested in 0.07% or 68,914 shares. Ww Asset Inc accumulated 0.03% or 13,155 shares. Amp Capital Investors Limited has invested 0.08% of its portfolio in Synopsys, Inc. (NASDAQ:SNPS). Fdx Advisors owns 5,145 shares. Fjarde Ap reported 36,483 shares. Miles Cap Inc, a Iowa-based fund reported 3,188 shares. Manufacturers Life Insur Company The invested 0.02% in Synopsys, Inc. (NASDAQ:SNPS). Cognios Capital Limited Liability Corp reported 3,246 shares. Ahl Limited Liability Partnership owns 115,838 shares or 0.18% of their US portfolio. Bb&T accumulated 30,380 shares.

More notable recent Synopsys, Inc. (NASDAQ:SNPS) news were published by: Prnewswire.com which released: “Synopsys Initiates $200 Million Accelerated Share Repurchase Agreement” on December 07, 2017, also Globenewswire.com with their article: “Market Trends Toward New Normal in Take-Two Interactive Software, Synopsys …” published on December 05, 2017, Fool.com published: “Synopsys, Inc. (SNPS) Q4 2017 Earnings Conference Call Transcript” on November 30, 2017. More interesting news about Synopsys, Inc. (NASDAQ:SNPS) were released by: Prnewswire.com and their article: “iC-Haus Selects Synopsys’ IC Validator and StarRC for Signoff” published on December 13, 2017 as well as Prnewswire.com‘s news article titled: “Independent Research Firm Names Synopsys a Leader in Static Application …” with publication date: December 12, 2017.

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