Cadence Design Systems, Inc. (NASDAQ:CDNS) Rating Changes as of May 17, 2018

May 17, 2018 - By Julie Barnes

Cadence Design Systems, Inc. (NASDAQ:CDNS) Corporate Logo
During 2017 Q4 the big money sentiment increased to 1.59. That’s change of 0.23, from 2017Q3’s 1.36. 18 investors sold all, 111 reduced holdings as Cadence Design Systems, Inc. ratio increased. 133 rose holdings while 72 funds took holdings. Funds hold 235.53 million shares thus 0.57% more from 2017Q3’s 234.20 million shares.
Numeric Invsts Ltd Llc owns 81,012 shs. Guggenheim Ltd Liability Co stated it has 2.02 million shs or 0.2% of all its holdings. Sumitomo Mitsui has 842,270 shs for 0.05% of their capital. Nomura Incorporated reported 0% stake. Private Ocean Limited Company stated it has 0.06% of its capital in Cadence Design Systems, Inc. (NASDAQ:CDNS). Cibc Ww Markets Corp holds 0.02% or 81,222 shs in its capital. Westpac Corp accumulated 17,598 shs. Jaffetilchin Prtn Ltd Liability has invested 0.12% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Commonwealth Of Pennsylvania Public School Empls Retrmt System has invested 0.01% of its capital in Cadence Design Systems, Inc. (NASDAQ:CDNS). Gemmer Asset Ltd Liability Corp reported 329 shs. Grantham Mayo Van Otterloo And accumulated 380,600 shs. Whittier Company Of Nevada Inc, a Nevada-based fund reported 600 shs. Tiaa Cref Investment Mgmt Limited Liability holds 1.15 million shs. Asset Mgmt has invested 0.04% of its capital in Cadence Design Systems, Inc. (NASDAQ:CDNS). Glenmede Trust Communications Na invested in 0.02% or 91,460 shs.

Cadence Design Systems, Inc. had 12 sales and 0 buys since December 11, 2017. This’s net activity of $14.77 million. On Tuesday, May 1 the insider DEVGAN ANIRUDH sold $1.58 million. 43,733 shs were sold by ZAMAN ANEEL, worth $1.75 million. On Monday, April 9 Shares for $27,120 were sold by WALL JOHN M. On Monday, January 8 SHOVEN JOHN B sold $2.25 million worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) or 50,000 shs.

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

A total of 6 analysts rate Cadence Design (NASDAQ:CDNS) as follows: 3 “Buy”, 2 “Hold” and 1 “Sell”. Тherefore 50% are bullish. (NASDAQ:CDNS) has 6 ratings reports on May 17, 2018 according to StockzIntelligence. On Thursday, April 5 the firm earned “Buy” rating by DA Davidson. On Thursday, February 1 the stock has “Hold” rating by Credit Suisse. On Tuesday, April 24 JP Morgan maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) with “Underweight” rating. On Tuesday, April 24 the stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) earned “Buy” rating by Needham. On Sunday, November 26 the rating was maintained by KeyBanc Capital Markets with “Hold”. On Thursday, February 1 RBC Capital Markets maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) with “Buy” rating. 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

Ticker’s shares touched $41.11 during the last trading session after 0.19% change.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&P500 by 3.35%.

Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis worldwide.The firm is valued at $11.64 billion. It offers functional verification, including emulation and prototyping hardware.The P/E ratio is 56.32. 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 a substantial Cadence Design Systems, Inc. (NASDAQ:CDNS) news released by Investorplace.com. It’s an item 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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