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

May 17, 2018 - By Nell Hawkins

Cadence Design Systems, Inc. (NASDAQ:CDNS) Corporate Logo
During Q4 2017 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 positions while 72 funds took positions. Funds hold 235.53 million shares thus 0.57% more from 2017Q3’s 234.20 million shares.
State Of Alaska Department Of Revenue invested in 47,240 shs or 0.05% of the stock. The New Jersey-based Caxton Associates Ltd Partnership has invested 0.05% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Advsr Asset Mngmt Inc stated it has 24,798 shs or 0.02% of all its holdings. The Norway-based Dnb Asset Management As has invested 0.01% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Rhumbline Advisers has 519,863 shs. Amp Investors Limited invested in 233,857 shs. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Mgmt holds 140,000 shs. Renaissance Tech Ltd owns 775,600 shs. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 60,312 shs. Brown Brothers Harriman And accumulated 0% or 90 shs. Moreover, Metropolitan Life Ins New York has 0.03% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 55,485 shs. Sei holds 0.02% or 148,328 shs. Gemmer Asset Mgmt holds 0% of its capital in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 329 shs. State Of New Jersey Common Pension Fund D reported 0.03% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Ny State Teachers Retirement stated it has 0.05% of its capital in Cadence Design Systems, Inc. (NASDAQ:CDNS).

Cadence Design Systems, Inc. had 12 insider sales and 0 insider purchases since December 11, 2017. This’s net activity of $14.77 million. 750 Cadence Design Systems, Inc. (NASDAQ:CDNS) shs with value of $32,768 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. TAN LIP BU sold $1.12 million worth of stock or 25,000 shs. On Friday, April 27 a trade for 43,733 shs valued at $1.75M was made by ZAMAN ANEEL.

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 Sunday, November 26 the company was maintained by KeyBanc Capital Markets. On Tuesday, April 24 the firm has “Underweight” rating given by JP Morgan. On Thursday, April 5 the stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) earned “Buy” rating by DA Davidson. On Tuesday, April 24 Needham upgraded the shares of CDNS in report to “Buy” rating. In Thursday, February 1 report RBC Capital Markets maintained the stock with “Buy” rating. On Thursday, February 1 the company was maintained by Credit Suisse. 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 touched $41.11 during the last trading session after $0.08 change.Currently Cadence Design Systems, Inc. is uptrending after 14.90% change in last May 17, 2017. CDNS has 324,431 shares volume. 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.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 published 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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