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

May 17, 2018 - By Richard Doty

Cadence Design Systems, Inc. (NASDAQ:CDNS) Corporate Logo
Big Money Sentiment increased to 1.59 in 2017 Q4. It has change of 0.23, from 2017Q3’s 1.36. The ratio improved due to Cadence Design Systems, Inc. positioning: 18 sold and 111 reduced. 72 funds acquired positions and 133 increased positions. Investors holded 234.20 million in 2017Q3 but now own 235.53 million shares or 0.57% more.
Boothbay Fund Limited Liability has 6,879 shs for 0.04% of their capital. Moreover, Dimensional Fund Advisors L P has 0.02% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). Sg Americas Secs Ltd holds 0.02% or 45,250 shs. 13,111 were accumulated by Jlb Associates. Cubist Systematic Strategies Limited Liability holds 0.07% of its capital in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 29,360 shs. Legal & General Grp Inc Public Limited Com invested in 0.02% or 581,487 shs. Lazard Asset Mgmt Lc accumulated 0% or 42,589 shs. 136,835 are owned by Retirement Of Alabama. Grantham Mayo Van Otterloo Limited Liability reported 380,600 shs. Andra Ap owns 106,100 shs. Renaissance Techs Ltd Liability Com reported 0.04% stake. Rafferty Asset Mngmt Limited Liability Company invested in 33,716 shs. Jennison Associate Ltd Limited Liability Company holds 0% of its capital in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 46,699 shs. Norinchukin Comml Bank The owns 37,008 shs for 0.03% of their capital. Moreover, Engineers Gate Manager L P has 0.07% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 24,317 shs.

Cadence Design Systems, Inc. had 12 sales and 0 insider buys since December 11, 2017. This’s net activity of $14.77 million. DEVGAN ANIRUDH had sold 40,063 shs worth $1.54 million. On Monday, January 8 a trade for 50,000 shs valued at $2.25M was made by SHOVEN JOHN B. 43,733 shs valued at $1.75 million were sold by ZAMAN ANEEL on Friday, April 27. TAN LIP BU had sold 25,000 shs worth $1.12M on Tuesday, January 16.

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 company was upgraded by DA Davidson. On Thursday, February 1 the firm earned “Hold” rating by Credit Suisse. On Tuesday, April 24 the firm earned “Underweight” rating by JP Morgan. On Sunday, November 26 the stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) has “Hold” rating given by KeyBanc Capital Markets. On Tuesday, April 24 the stock has “Buy” rating by Needham. On Thursday, February 1 the rating was maintained by RBC Capital Markets with “Buy”. 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 reached $41.11 during the last trading session after $0.08 change.Cadence Design Systems, Inc. has volume of 324,431 shares. Since May 17, 2017 CDNS has risen 14.90% and is uptrending. CDNS 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 firm is worth $11.64 billion. 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 a substantial 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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