EPS for Cadence Design Systems, Inc. (CDNS) forecasted at $0.20

Joanna Estrada
April 23, 2018

(CDNS) in trading session dated April. 09, 2018. Grisanti Limited accumulated 320,369 shares. Since April 22, 2017 CDNS has risen 14.90% and is uptrending. (NASDAQ:CDNS). First Quadrant Ltd Partnership Ca reported 0.6% of its portfolio in Cadence Design Systems, Inc. APG Asset Management N.V. now owns 5,203,800 shares of the software maker's stock worth $181,232,000 after buying an additional 1,536,559 shares in the last quarter. Its EPS was $-0.61 while outstanding shares of the company were 102.78M. Grantham Mayo Van Otterloo & Co Llc who had been investing in Cadence Design System Inc for a number of months, seems to be bullish on the $10.49B market cap company. The overall volume in the last trading session was 2,732,242 shares. After going under observation of traders 2.41 million shares traded at hands. Cadence Design Systems, Inc.is a part of Technology sector and belongs to Application Software industry. (NASDAQ:CDNS) for 651 shares. The stock outperformed the S&P500 by 3.35%.

Investors sentiment increased to 1.59 in 2017 Q4. It has change of 0.23, from 2017Q3's 1.36. (NASDAQ:CDNS) for 46,699 shs. 72 funds opened positions while 133 raised stakes. The active investment managers in our database reported: 235.53 million shares, up from 234.20 million shares in 2017Q3. 51,760 were reported by Eagle Asset Mngmt.

Balyasny Asset Mngmt Ltd Liability Corp has 89,048 shares. 1,091 were accumulated by Walleye Trading Ltd Co.

Cadence Design Systems Inc (NASDAQ:CDNS) was the recipient of some unusual options trading on Thursday. Insiders sold a total of 42,584 shares of company stock worth $1,639,670 over the last quarter. ValuEngine raised shares of Cadence Design Systems from a "hold" rating to a "buy" rating in a research note on Thursday, March 1st. (NASDAQ:CDNS) reached at $37.38 price level during last trade its distance from 20 days simple moving average is 1.14%, and its distance from 50 days simple moving average is -2.00% while it has a distance of -6.51% from the 200 days simple moving average. (NASDAQ:AAOI). Fmr Ltd Llc holds 198,200 shares or 0% of its portfolio. Westpac has invested 0.02% in Cadence Design Systems, Inc.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data on Wednesday, January 31st. (NASDAQ:CDNS). Gru accumulated 110,193 shs. Therefore 68% are positive. Finally, DA Davidson upgraded shares of Cadence Design Systems from a "neutral" rating to a "buy" rating in a research note on Thursday. KeyBanc Capital Markets maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) on Friday, October 27 with "Hold" rating. Cerebellum GP LLC acquired a new stake in Cadence Design Systems during the 4th quarter worth $123,000. (NASDAQ:CDNS). Captrust Fincl Advsr has 0% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) has "Buy" rating given on Friday, May 26 by RBC Capital Markets. Ltd. grew its holdings in Cadence Design Systems by 5.2% during the third quarter. (NASDAQ:CDNS) to report earnings on April, 23 after the close.

This's net activity of $11.40 million. About 188.69 million shares traded or 121.66% up from the average. The consensus recommendation provided by covering sell-side analysts is now 2.80. (NASDAQ:AAOI) was sold by BLACK RICHARD B. Briefly looking at some recent volatility numbers, we can see that shares have been noted at 1.85% for the week, and 2.70% for the past month. It also reduced its holding in General Mtrs Co Com (NYSE:GM) by 3,000 shares in the quarter, leaving it with 16,464 shares, and cut its stake in Citigroup Inc Com New (NYSE:C).

Since October 24, 2017, it had 0 insider buys, and 10 selling transactions for $4.46 million activity. (NASDAQ:CDNS) shares with value of $40,074 were sold by WALL JOHN M. On Thursday, April 5 Musk Kimbal sold $562,500 worth of Tesla, Inc. (NASDAQ:TSLA) or 1,875 shares.

Investors sentiment decreased to 0.5 in 2017 Q4. Its down 0.25, from 1.3 in 2017Q3. It dropped, as 153 investors sold GE shares while 921 reduced holdings. Renaissance Techs Lc holds 88,092 shares. Ohio-based Fort Washington Invest Oh has invested 0.02% in Tesla, Inc. (NASDAQ:CSCO). Flippin Bruce Porter owns 364,616 shares. Old Mutual Global Investors (Uk) Ltd., a United Kingdom-based fund reported 3.06 million shares. Bristol John W Incorporated invested in 2.16% or 1.99 million shares. Daiwa Sb Invs Limited holds 0.15% or 1,766 shares in its portfolio. Proffitt & Goodson holds 680 shares or 0.09% of its portfolio. 38,878 are owned by Lagoda Management Lp.

The RSI most typically used on a 14-day timeframe, measured on a scale from 0-100, with high and low levels marked at between 70 and 30, respectively. Sandy Spring Bankshares holds 0.02% or 583 shares in its portfolio. The New York-based Alkeon Capital Management Llc has invested 1.19% in the stock. Bedrijfstakpensioenfonds Voor De Media Pno stated it has 21,000 shares or 1.08% of all its holdings. Zooming out to the 50-day, we can see that shares are now trading 0.45% off of that mark. Advantus Capital Mgmt Inc has 0.48% invested in Cisco Systems, Inc. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Therefore 29% are positive. Cisco Systems Inc. had 156 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Tesla, Inc. (NASDAQ:CSCO) has "Underperform" rating given on Tuesday, August 4 by Macquarie Research. Vetr downgraded Tesla, Inc. RBC Capital Markets has "Hold" rating and $16.0 target. The stock has "Buy" rating by Piper Jaffray on Wednesday, February 7. CFRA downgraded it to "Hold" rating and $2700 target in Friday, July 21 report.

CDNS has been the topic of a number of research reports. (NASDAQ:TSLA) has "Market Perform" rating given on Monday, December 14 by JMP Securities. The rating was maintained by Morgan Stanley with "Equal-Weight" on Wednesday, April 18.

Other reports by Click Lancashire

Discuss This Article

FOLLOW OUR NEWSPAPER