Cadence Design Systems, Inc. (NASDAQ:CDNS) Weekly Ratings on May 17, 2018

May 17, 2018 - By Lisa Delgado

Cadence Design Systems, Inc. (NASDAQ:CDNS) Corporate Logo
Big Money Sentiment increased to 1.59 in Q4 2017. It has change of 0.23, from 2017Q3’s 1.36. The ratio increased due to Cadence Design Systems, Inc. positioning: 18 sold and 111 reduced. 72 funds amassed holdings and 133 increased holdings. Investors holded 234.20 million in 2017Q3 but now own 235.53 million shares or 0.57% more.
Cambridge Financial Gp invested in 3.16% or 152,963 shs. Fmr Lc holds 10,690 shs or 0% of its capital. Etrade Mgmt Ltd Llc holds 20,123 shs. Bnp Paribas Asset Management Sa owns 297,519 shs for 0.11% of their capital. Verition Fund Mgmt Limited Liability Com invested in 0.06% or 15,138 shs. Bluemountain Capital Management Ltd holds 0.27% of its capital in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 317,419 shs. 478,892 were reported by Alliancebernstein L P. Amalgamated Commercial Bank stated it has 59,881 shs or 0.07% of all its holdings. 101,640 were reported by State Of Tennessee Treasury Department. Schroder Inv Management Gru holds 1.66 million shs. Retirement System Of Alabama invested in 0.03% or 136,835 shs. Boothbay Fund Ltd Co has invested 0.04% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Crestpoint Management Ltd Co owns 21,200 shs. Citadel Advsr Ltd Com stated it has 323,533 shs. Jacobs Levy Equity reported 288,148 shs.

Cadence Design Systems, Inc. had 12 insider sales and 0 insider buys since December 11, 2017. This’s net activity of $14.77 million. WALL JOHN M also sold $27,120 worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) on Monday, April 9. On Friday, December 15 TAN LIP BU sold $4.35M worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) or 100,000 shs. On Friday, April 27 ZAMAN ANEEL sold $1.75M worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) or 43,733 shs. The insider SHOVEN JOHN B sold $2.25M.

Cadence Design Systems, Inc. (NASDAQ:CDNS) Ratings Coverage

In total 6 analysts cover Cadence Design (NASDAQ:CDNS). “Buy” rating has 3, “Sell” are 1, while 2 are “Hold”. (NASDAQ:CDNS) has 50% bullish analysts. 6 are the (NASDAQ:CDNS)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Tuesday, April 24 the firm has “Buy” rating by Needham given. On Tuesday, April 24 the stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) has “Underweight” rating given by JP Morgan. In Thursday, April 5 report DA Davidson upgraded the stock to “Buy” rating. On Thursday, February 1 Credit Suisse maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) with “Hold” rating. On Thursday, February 1 the firm has “Buy” rating given by RBC Capital Markets. The stock rating was maintained by KeyBanc Capital Markets with “Hold” on Sunday, November 26. Listed here are Cadence Design Systems, Inc. (NASDAQ:CDNS) PTs and latest ratings.

24/04/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Underweight Old Target: $34 New Target: $42 Maintain
24/04/2018 Broker: Needham Rating: Buy Upgrade
05/04/2018 Broker: DA Davidson Old Rating: Neutral New Rating: Buy Upgrade
01/02/2018 Broker: Credit Suisse Rating: Hold New Target: $43.0 Maintain
01/02/2018 Broker: RBC Capital Markets Rating: Buy New Target: $50.0 Maintain
26/11/2017 Broker: KeyBanc Capital Markets Rating: Hold Maintain

CDNS is touching $41.11 during the last trading session, after increased 0.19%.Cadence Design Systems, Inc. has volume of 324,431 shares. Since May 17, 2017 CDNS has risen 14.90% and is uptrending. The stock outperformed the S&P 500 by 3.35%.

Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis worldwide.The company has $11.64 billion market cap. It offers functional verification, including emulation and prototyping hardware.56.32 is the P/E ratio. The Company’s functional verification offering consists of JasperGold, a formal verification platform; Incisive, a functional verification platform; and Palladium, a verification computing platform.

There’s an important Cadence Design Systems, Inc. (NASDAQ:CDNS) news announced by Investorplace.com. It’s an article titled: “6 Best-Ranked Liquid Stocks for Impressive Returns” on May 16, 2018.

Cadence Design Systems, Inc. (NASDAQ:CDNS) Institutional Investors Chart

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