Cadence Design Systems Inc (NASDAQ:CDNS): Stock Big Money Like: at 1.59

May 3, 2018 - By Carey Conley

Cadence Design Systems, Inc. (NASDAQ:CDNS) Corporate Logo

Cadence Design Systems Inc’s Sentiment

“Big money sentiment for Cadence Design Systems Inc (NASDAQ:CDNS) in Q4 2017 increased to 1.59, according to filings. That’s up 0.23, from 2017Q3’s 1.36. 205 hedge funds started new and increased positions, while 129 reduced and sold their equity positions in Cadence Design Systems Inc so the sentiment increased. These funds own 235.53 million shares, that’s up from 234.20 million shares in 2017Q3. Funds holding Cadence Design Systems Inc in top 10 was flat from 0 to 0 for the same number . 18 Investors Sold All; 111 Reduced Holdings; 133 increased holdings while 72 hedge funds bought holdings.

Largest Cadence Design Systems Inc Investors

As of Q4 2017 Cambridge Financial Group Inc. has 3.16% invested in Cadence Design Systems Inc. Cadence Design Systems Inc’s shareholder Alphamark Advisors Llc owns 97,935 shares as of Q4 2017. Smith Asset Management Group Lp reported 971,696 shares. Alkeon Capital Management Llc revealed 4.82 million shares position in Cadence Design Systems Inc. The United Kingdom-based fund Old Mutual Global Investors (Uk) Ltd. looks positive on Cadence Design Systems Inc, owning 3.06 million shares.

Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis worldwide.The firm is valued at $11.26 billion. It offers functional verification, including emulation and prototyping hardware.The P/E ratio is 54.44. The Company’s functional verification offering consists of JasperGold, a formal verification platform; Incisive, a functional verification platform; and Palladium, a verification computing platform.

Ticker’s shares touched $39.74 during the last trading session after 0.58% change.Cadence Design Systems, Inc. has volume of 376,108 shares. Since May 3, 2017 CDNS has risen 14.90% and is uptrending. CDNS outperformed the S&P500 by 3.35%.

Aperio Lc has 0.09% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). Polaris Greystone Financial Gp Lc holds 0.04% or 11,889 shs in its capital. Accredited Investors stated it has 0.12% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Great Lakes Advsr Ltd Co owns 272,788 shs. Canada Pension Plan Investment Board stated it has 0.16% of its capital in Cadence Design Systems, Inc. (NASDAQ:CDNS). State Treasurer State Of Michigan reported 82,800 shs. Employees Retirement Sys Of Texas reported 0.04% stake. Shell Asset Management stated it has 21,398 shs or 0.02% of all its holdings. Arrowmark Colorado Ltd Llc holds 0.57% of its capital in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 1.36M shs. Old Mutual Customised Solutions (Proprietary) invested in 0.01% or 2,300 shs. Arizona State Retirement invested in 0.06% or 139,311 shs. Schroder Inv Mgmt Grp holds 0.11% of its capital in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 1.66 million shs. 42,589 are held by Lazard Asset Lc. Moreover, Sigma Planning Corp has 0.21% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt Corp has 140,000 shs.

Cadence Design Systems, Inc. registered $13.15 million net activity with 0 buys and 10 sales since December 11, 2017. $2.00 million worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) was sold by DEVGAN ANIRUDH on Tuesday, January 16. Another trade for 50,000 shs valued at $2.25M was sold by SHOVEN JOHN B. 43,733 Cadence Design Systems, Inc. (NASDAQ:CDNS) shs with value of $1.75 million were sold by ZAMAN ANEEL. On Friday, December 15 TAN LIP BU sold $4.35 million worth of Cadence Design Systems, Inc. (NASDAQ:CDNS).

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

Total analysts of 6 have positions in Cadence Design (NASDAQ:CDNS) as follows: 3 rated it a “Buy”, 1 with “Sell” and 2 with “Hold”. The positive are 50%. Since November 26, 2017 according to StockzIntelligence Inc Cadence Design has 6 analyst reports. In Sunday, November 26 report KeyBanc Capital Markets maintained the stock with “Hold” rating. On Thursday, February 1 the rating was maintained by RBC Capital Markets with “Buy”. On Thursday, February 1 Credit Suisse maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) rating. Credit Suisse has “Hold” rating and $43.0 target. The stock rating was upgraded by DA Davidson to “Buy” on Thursday, April 5. On Tuesday, April 24 the stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) earned “Buy” rating by Needham. On Tuesday, April 24 the company was maintained by JP Morgan.

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

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