Bank Of New York Mellon (BK) Position Maintained by Country Trust Bank; Equinix (EQIX) Stake Has Boosted by Tensile Capital Management Llc

September 14, 2018 - By Clara Lewis

The Bank of New York Mellon Corporation (NYSE:BK) Logo

Country Trust Bank increased its stake in Bank Of New York Mellon Corp (BK) by 10.92% based on its latest 2018Q2 regulatory filing with the SEC. Country Trust Bank bought 57,346 shares as the company’s stock declined 9.26% while stock markets rallied. The institutional investor held 582,489 shares of the major banks company at the end of 2018Q2, valued at $31.41M, up from 525,143 at the end of the previous reported quarter. Country Trust Bank who had been investing in Bank Of New York Mellon Corp for a number of months, seems to be bullish on the $51.48 billion market cap company. The stock increased 0.51% or $0.26 during the last trading session, reaching $51.48. About 732,785 shares traded. The Bank of New York Mellon Corporation (NYSE:BK) has risen 0.04% since September 14, 2017 and is uptrending. It has underperformed by 15.58% the S&P500. Some Historical BK News: 24/05/2018 – 43GA: Bank of New York Mellon: FRN Variable Rate Fix; 13/03/2018 – BNY MELLON APAC CHAIRMAN CRUIKSHANK SPEAKS ON BLOOMBERG RADIO; 28/03/2018 – 63GB: Bank of New York Mellon: FRN Variable Rate Fix; 13/03/2018 – LRE: Bank of New York Mellon: FRN Variable Rate Fix; 04/04/2018 – 37PO: Bank of New York Mellon: FRN Variable Rate Fix; 08/05/2018 – 0QYU: Bank of New York Mellon: FRN Variable Rate Fix; 23/04/2018 – 36JM: Bank of New York Mellon: FRN Variable Rate Fix; 08/03/2018 – BNY ASSUMING A CONTINUAL GRADUAL INCREASE OF RATES; 05/03/2018 – REG-Bank of New York Mellon FRN Variable Rate Fix; 27/04/2018 – Moody’s Investors Service assigns Aa2 (sf) to Italian ABS Notes issued by Golden Bar (Securitisation) S.r.l

Tensile Capital Management Llc increased its stake in Equinix Inc (EQIX) by 10.74% based on its latest 2018Q2 regulatory filing with the SEC. Tensile Capital Management Llc bought 11,000 shares as the company’s stock rose 11.90% with the market. The hedge fund held 113,387 shares of the consumer services company at the end of 2018Q2, valued at $48.74 million, up from 102,387 at the end of the previous reported quarter. Tensile Capital Management Llc who had been investing in Equinix Inc for a number of months, seems to be bullish on the $35.17B market cap company. The stock decreased 0.35% or $1.55 during the last trading session, reaching $442.29. About 67,400 shares traded. Equinix, Inc. (NASDAQ:EQIX) has declined 6.18% since September 14, 2017 and is downtrending. It has underperformed by 21.80% the S&P500.

Among 25 analysts covering Equinix (NASDAQ:EQIX), 24 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Equinix had 79 analyst reports since July 31, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of EQIX in report on Thursday, August 3 with “Equal-Weight” rating. The company was maintained on Thursday, October 12 by SunTrust. The rating was maintained by Credit Suisse with “Buy” on Wednesday, January 17. The firm has “Equal-Weight” rating given on Thursday, August 4 by Barclays Capital. RBC Capital Markets maintained Equinix, Inc. (NASDAQ:REIT) on Tuesday, July 28 with “Outperform” rating. Citigroup maintained the shares of EQIX in report on Thursday, November 2 with “Buy” rating. As per Thursday, November 2, the company rating was maintained by Oppenheimer. The stock has “Outperform” rating by Wells Fargo on Monday, January 4. Canaccord Genuity maintained the shares of EQIX in report on Thursday, July 30 with “Buy” rating. The firm has “Hold” rating given on Monday, July 3 by Jefferies.

Tensile Capital Management Llc, which manages about $504.77M and $663.34M US Long portfolio, decreased its stake in Cornerstone Ondemand Inc (NASDAQ:CSOD) by 390,000 shares to 1.18M shares, valued at $55.77 million in 2018Q2, according to the filing.

Investors sentiment is 1.27 in 2018 Q2. Its the same as in 2018Q1. It has no change, as 48 investors sold EQIX shares while 155 reduced holdings. only 67 funds opened positions while 190 raised stakes. 75.88 million shares or 1.07% less from 76.70 million shares in 2018Q1 were reported. 23,907 are owned by Rafferty Asset Mgmt Lc. Copeland Cap Mgmt Llc invested in 0.66% or 26,362 shares. Moreover, Grs Advisors Limited Liability Company has 6.27% invested in Equinix, Inc. (NASDAQ:REIT). Cadence Limited Liability invested in 0.07% or 2,683 shares. Gabelli Funds Limited owns 13,500 shares for 0.03% of their portfolio. Daiwa Secs Group has invested 3.74% in Equinix, Inc. (NASDAQ:REIT). Moreover, Bb&T Corporation has 0.02% invested in Equinix, Inc. (NASDAQ:REIT). Amica Retiree Medical Trust stated it has 0.56% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Ejf Cap Lc accumulated 1,000 shares or 0.04% of the stock. Tcw accumulated 355,752 shares or 1.24% of the stock. Cibc World reported 2,923 shares stake. Voya Inv Management Lc invested in 91,042 shares. State Of Tennessee Treasury Department reported 0.04% in Equinix, Inc. (NASDAQ:REIT). Caisse De Depot Et Placement Du Quebec invested in 22,616 shares or 0.02% of the stock. 151,158 are owned by Echo Street Capital Mgmt Ltd.

Since March 15, 2018, it had 0 insider buys, and 15 selling transactions for $8.18 million activity. $1.14 million worth of Equinix, Inc. (NASDAQ:REIT) shares were sold by STROHMEYER KARL. TAYLOR KEITH D had sold 1,500 shares worth $617,603. Lee Yau Tat sold $2.40M worth of stock or 5,960 shares. Campbell Michael Earl sold $210,000 worth of Equinix, Inc. (NASDAQ:REIT) on Thursday, June 21.

Country Trust Bank, which manages about $2.33 billion US Long portfolio, decreased its stake in Oracle Corporation Common (NYSE:ORCL) by 37,242 shares to 771,858 shares, valued at $34.01M in 2018Q2, according to the filing. It also reduced its holding in Abiomed Inc Common (NASDAQ:ABMD) by 29,806 shares in the quarter, leaving it with 91,874 shares, and cut its stake in Conocophillips Common (NYSE:COP).

More news for The Bank of New York Mellon Corporation (NYSE:BK) were recently published by: Investorplace.com, which released: “Trade of the Day: Bank of New York Mellon (BK)” on September 14, 2018. Bizjournals.com‘s article titled: “Anduiza isn’t the only hire BNY Mellon announced.” and published on September 10, 2018 is yet another important article.

The Bank of New York Mellon Corporation (NYSE:BK) Institutional Positions Chart

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