Cadence Design Systems, Inc. (NASDAQ:CDNS) Weekly Ratings on Jun 27, 2018

June 27, 2018 - By Gregory Tomko

Cadence Design Systems, Inc. (NASDAQ:CDNS) Corporate Logo
Big Money Sentiment decreased to 1.05 in Q1 2018. It has change of 0.54, from 2017Q4’s 1.59. The ratio fall due to Cadence Design Systems, Inc. positioning: 39 sold and 127 reduced. 50 funds acquired holdings and 125 increased holdings. Investors holded 235.53 million in 2017Q4 but now own 235.18 million shares or 0.15% less.
Hartford Investment Mgmt holds 0.04% in Cadence Design Systems, Inc. (NASDAQ:CDNS) or 54,361 shs. The New York-based Tortoise Inv Mgmt Lc has invested 0% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Janney Cap Mngmt Ltd Liability Co holds 0.01% or 8,772 shs in its capital. Gemmer Asset Mngmt Lc reported 329 shs. The Michigan-based Jlb & Incorporated has invested 0.1% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Caisse De Depot Et Placement Du Quebec stated it has 17,870 shs or 0% of all its holdings. Louisiana State Employees Retirement owns 17,300 shs for 0.03% of their capital. Sumitomo Mitsui Asset Mgmt Ltd reported 1.29 million shs stake. Moreover, Guardian Life Insur Com Of America has 0% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). Mason Street Advisors Limited Liability Corporation holds 0.03% of its capital in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 39,403 shs. Legal & General Grp Inc Public Ltd Com owns 1.73 million shs for 0.05% of their capital. Convergence Investment Ptnrs Ltd Com invested in 0% or 378 shs. Fjarde Ap holds 82,813 shs or 0.05% of its capital. Citigroup has 216,894 shs for 0.01% of their capital. Geode Capital Management Ltd, a Massachusetts-based fund reported 3.99 million shs.

Cadence Design Systems, Inc. registered $14.90 million net activity with 0 insider buys and 12 insider sales since January 8, 2018. Shares for $2.00M were sold by DEVGAN ANIRUDH. 50,000 Cadence Design Systems, Inc. (NASDAQ:CDNS) shs with value of $2.25 million were sold by SHOVEN JOHN B. The insider WALL JOHN M sold $32,963. $4.48 million worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) shs were sold by TAN LIP BU.

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

In total 5 analysts cover Cadence Design (NASDAQ:CDNS). “Buy” rating has 3, “Sell” are 1, while 1 are “Hold”. (NASDAQ:CDNS) has 60% bullish analysts. With $50.0 highest and $42 lowest target price, Cadence Design has $45 average target price or 3.38% above the current ($43.53) price. 5 are the (NASDAQ:CDNS)’s ratings reports on Jun 27, 2018 according to StockzIntelligence Inc. On Thursday, February 1 the firm earned “Hold” rating by Credit Suisse. On Tuesday, April 24 the rating was maintained by JP Morgan with “Underweight”. On Tuesday, April 24 the firm has “Buy” rating given by Needham. On Thursday, February 1 the rating was maintained by RBC Capital Markets with “Buy”. On Thursday, April 5 the stock has “Buy” rating by DA Davidson. 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

CDNS is touching $43.53 during the last trading session, after increased 0.44%.Currently Cadence Design Systems, Inc. is uptrending after 21.52% change in last June 27, 2017. CDNS has 2.06M shares volume. CDNS outperformed by 8.95% the S&P500.

Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis worldwide.The firm is valued at $12.27 billion. It offers functional verification, including emulation and prototyping hardware.The P/E ratio is 58.74. The Company’s functional verification offering consists of JasperGold, a formal verification platform; Incisive, a functional verification platform; and Palladium, a verification computing platform.

For more Cadence Design Systems, Inc. (NASDAQ:CDNS) news brought out recently go to: Businesswire.com, Businesswire.com, Businesswire.com, Businesswire.com or Investorplace.com. The titles are as follows: “Cadence’s John Wall and Nimish Modi to Present at Nasdaq 38th Investor Conference in London” brought out on June 06, 2018, “Media Alert: Cadence to Showcase System Design Enablement Innovations at DAC 2018” on June 25, 2018, “Cadence Perspec System Verifier Supports New Accellera Portable Test and Stimulus Specification 1.0” with a publish date: June 26, 2018, “Cadence Launches Liberate Trio Characterization Suite Employing Machine Learning and Cloud Optimizations” and the last “20 Nasdaq-100 Stocks That Will Heat Up 2H18” with publication date: June 15, 2018.

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

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