Published: Tue, June 06, 2017
Markets | By Noel Gibbs

Cadence Design Systems Inc (CDNS) Shares Sold by Cadence Capital Management LLC


The company had a trading volume of 1,277,889 shares. Rainier Investment Management LLC now owns 458,430 shares of the software maker's stock valued at $11,703,000 after buying an additional 219,930 shares during the last quarter. General Dynamics Corp now has $61.81B valuation. The mean rating score for this stock is at 1.80.

About 38,335 shares traded. It has underperformed by 8.74% the S&P500.

Cadence Capital Management LLC reduced its position in shares of Cadence Design Systems Inc (NASDAQ:CDNS) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. Therefore 50% are positive. Shares of Cadence Design Systems, Inc. are now valued at $35.51 with a furture target price of $33.71 according to research brokerages. As per Wednesday, April 6, the company rating was downgraded by DA Davidson. The firm has "Outperform" rating by Northland Capital given on Thursday, November 19. On Tuesday, October 27 the stock rating was maintained by RBC Capital Markets with "Outperform". The company was initiated on Thursday, October 8 by Benchmark. The company was maintained on Tuesday, October 27 by Topeka Capital Markets.

Taking a broader look at the analyst consensus, according to 7 analysts Cadence Design Sys (NASDAQ:CDNS)'s price will reach at $33.71 during 52 weeks. The company was maintained on Tuesday, October 27 by Needham. The firm has "Buy" rating by RBC Capital Markets given on Friday, May 26. Also, insider Anirudh Devgan sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 9th. TAN LIP BU sold $3.15 million worth of stock. Zooming out to the 200-day moving average, shares have been seen trading 16.42% away from that value.

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Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, April 24th. Its down 0.02, from 0.79 in 2016Q3. Cadence Design Systems had a return on equity of 23.03% and a net margin of 11.18%. Sold All: 29 Reduced: 135 Increased: 85 New Position: 42.

The number of shares now held by investors is 279.6 Million. State Of Wisconsin Invest Board holds 163,102 shares or 0.02% of its portfolio. Advantus Capital Management Inc boosted its position in Cadence Design Systems by 0.3% in the first quarter.

Mitsubishi Ufj Tru & reported 0.03% stake. The New York-based Boothbay Fund Management Llc has invested 0.08% in the stock. Texas-based Sunbelt Securities has invested 0% in Cadence Design Systems Inc (NASDAQ:CDNS). (NASDAQ:CDNS). The big banks are holding 89.40% of the shares while company insiders are clinging to 0.80%. Psagot Invest House Ltd reported 201 shares stake. Credit Suisse Ag has 454,764 shares for 0.01% of their portfolio. Alliancebernstein Lp has invested 0.04% in Cadence Design Systems Inc (NASDAQ:CDNS). The company's revenue for the quarter was up 6.5% on a year-over-year basis. RBC Capital Markets maintained the shares of CDNS in report on Thursday, February 9 with "Outperform" rating. The Company's product categories include Functional Verification, Digital integrated circuits (IC) Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP).

Another critical number in evaluating a stock is P/E or the price to earnings ratio. Functional verification products are used to verify that the circuitry or the software designed will perform as intended.

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About 153,920 shares traded. Marzilli Christopher had sold 43,890 shares worth $8.84M on Tuesday, May 30. $802,847 worth of Westinghouse Air Brake Technologies Corp (NYSE:WAB) was sold by Cox R Mark. Following the completion of the sale, the vice president now owns 140,832 shares of the company's stock, valued at $4,524,932.16. Montecito Financial Bank Trust owns 1,968 shares.

Investors sentiment increased to 1.12 in 2016 Q4. Its up 0.13, from 0.83 in 2016Q3. The institutional investor owned 93,720 shares of the software maker's stock after selling 13,277 shares during the period. 128 funds opened positions while 266 raised stakes. Following the sale, the insider now owns 313,381 shares of the company's stock, valued at approximately $9,774,353.39. 386,141 were reported by Pggm Investments. The Beta for the stock stands at 0.91. Rhumbline Advisers owns 572,239 shares.

Cutter & Co Brokerage Inc. holds 0.18% of its portfolio in Cohen and Steers Global Income Builder for 51,570 shares. Citigroup invested in 0% or 1,347 shares. First Allied Advisory Svcs Inc has invested 0.1% in General Dynamics Corporation (NYSE:GD). Provident Management holds 294,623 shares or 4.74% of its portfolio. 18,205 were accumulated by Cim Ltd Limited Liability Company. Alliancebernstein L P reported 1.81M shares or 0.04% of all its holdings. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The company was downgraded on Monday, December 12 by JP Morgan. As per Wednesday, December 21, the company rating was upgraded by William Blair.

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