Korea Investment CORP Decreases Stake in Cadence Design Systems Inc (CDNS)

Cornelia Mascio
Giugno 7, 2017

General Dynamics Corp now has $61.81B valuation. The Beta factor for the stock is listed at 0.53.

About 122,373 shares traded. Goldman Sachs invested 0.02% of its portfolio in Cadence Design Systems Inc (NASDAQ:CDNS). It has outperformed by 21.20% the S&P500. CDNS's SI was 5.27M shares in June as released by FINRA. Its down 13.45% from 6.09M shares, reported previously. The shares were sold at an average price of $32.13, for a total value of $1,526,175.00. It has underperformed by 8.74% the S&P500.

In the market the company is trading down from yesterday's close of $35.41. It now has negative earnings. Therefore 50% are positive. A recommendation of 1 or 2 would represent a consensus Buy. The firm has "Buy" rating by DA Davidson given on Monday, October 10. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/06/06/cadence-design-systems-inc-cdns-shares-sold-by-suntrust-banks-inc-updated-updated.html. The firm earned "Neutral" rating on Friday, September 4 by Robert W. Baird. This increase is typical for the uptrend and shows the considerable optimism among investors. Its up 0.21, from 0.91 in 2016Q3. The shares sold for $33.56. Alliancebernstein L P reported 1.81M shares or 0.04% of all its holdings. Quantbot Techs Lp holds 25,861 shares. Tokio Marine Asset Management Limited has 0.1% invested in General Dynamics Corporation (NYSE:GD). Morgan Stanley now holds 9 shares worth $0. (NASDAQ:XLNX). Moreover, Benedict Advisors Inc has 0.33% invested in Xilinx, Inc. California Pub Employees Retirement Systems stated it has 20,360 shares. Nordea Investment Mgmt Ab owns 6,489 shares. Bank & Trust Of New York Mellon has 91,837 shares. Cubist Systematic Strategies Lc has 64,535 shares for 0.13% of their portfolio. Thompson Siegel & Walmsley Ltd Liability Company owns 2,700 shares or 0% of their United States portfolio. Schwab Charles Mngmt invested in 0% or 101,042 shares.

Since December 7, 2016, it had 0 insider buys, and 16 insider sales for $23.03 million activity. On average, equities research analysts expect that Cadence Design Systems Inc will post $1.38 EPS for the current fiscal year. Shares for $105,451 were sold by Cowie James J. The insider RIBAR GEOFFREY G sold 40,000 shares worth $1.22 million. Shares for $741,050 were sold by ZAMAN ANEEL. 1,871,150 shares of the company traded hands. Also, insider Anirudh Devgan sold 20,000 shares of Cadence Design Systems stock in a transaction on Thursday, March 9th. During the same quarter a year ago, the firm posted $0.28 earnings per share.

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for Cadence Design Systems Inc. the EPS stands at 0.32 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.32, suggesting the stock fell short of the analysts' expectations.

Shares of Cadence Design Systems Inc (NASDAQ CDNS) traded up 0.83% during mid-day trading on Friday, reaching $35.27. RBC Capital Markets maintained Cadence Design Systems Inc (NASDAQ:CDNS) on Thursday, February 9 with "Outperform" rating. The short interest to Cadence Design Systems Incorporated's float is 1.92%. The rating was maintained by Needham with "Buy" on Tuesday, October 27. On Thursday, July 30 the stock rating was maintained by RBC Capital Markets with "Outperform". It dived, as 29 investors sold Cadence Design Systems Inc shares while 135 reduced holdings. Going from the most negative analyst price target to above consensus is one thing. The rating was maintained by Northland Capital on Tuesday, October 27 with "Outperform". The stock of Cadence Design Systems Inc (NASDAQ:CDNS) has "Neutral" rating given on Wednesday, April 6 by DA Davidson. Needham downgraded the stock to "Hold" rating in Tuesday, June 14 report.

Investors sentiment decreased to 0.77 in 2016 Q4. 76 funds opened positions while 185 raised stakes. 228.19 million shares or 3.52% less from 236.52 million shares in 2016Q3 were reported. Kanaly holds 528 shares. Cadence Design Systems Inc has a one year low of $22.99 and a one year high of $35.43. Texas Permanent School Fund owns 209,115 shares. SANGIOVANNI VINCENTELLI ALBERTO sold 75,000 shares worth $1.94M.

Cadence Design Systems, Inc. provides solutions that enable its clients to design electronic products. The Manufacturers Life Insurance Company bought a new stake in Cadence Design Systems during the third quarter valued at about $13,407,000. Schroder Investment Management Group owned approximately 0.69% of Cadence Design Systems worth $60,128,000 as of its most recent SEC filing.

Federated Invsts Pa reported 152,728 shares. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Cadence Design Systems by 1.2% in the first quarter.

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