Revenue Estimates Analysis Of Cadence Design Systems Inc. (CDNS)

Lloyd Doyle
December 21, 2017

The NASDAQ-listed company saw a recent bid of $11.36 on volume of 3.21 million shares. Advisor Group Inc. increased its stake in Cadence Design Systems by 151.4% in the third quarter. Commonwealth Bank of Australia now owns 4,852 shares of the software maker's stock valued at $161,000 after purchasing an additional 1,300 shares during the last quarter. 3,319,100 shares of the company were exchanged, compared to its average volume of 2,378,136. Benchmark initiated Cadence Design Systems, Inc. (NASDAQ:CDNS) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. It has outperformed by 21.20% the S&P500. In the last quarter, insiders have sold 330,974 shares of company stock worth $14,264,010.

CDNS has been the topic of a number of research reports. CDNS has diverse figures for different time frames; starting from week's performance dropped 0.14% in last five regular trading sessions. The Walt Disney Company (NYSE:DIS) has risen 9.26% since December 19, 2016 and is uptrending. It has underperformed by 16.70% the S&P500.

Benjamin F. Edwards & Company Inc. increased its position in shares of Cadence Design Systems by 0.5% in the first quarter. Therefore 50% are positive. Cadence Design Systems's revenue for the quarter was up 8.8% compared to the same quarter previous year. The rating was maintained by RBC Capital Markets on Tuesday, October 27 with "Outperform". GOLDMAN SACHS GROUP INC also announced increased position in Cadence Design Systems, Inc. On Tuesday, October 27 the stock rating was maintained by Topeka Capital Markets with "Buy". The firm has "Hold" rating given on Tuesday, June 14 by Needham.

Cadence Design Systems, Inc provides solutions that enable its customers to design electronic products. RBC Capital Markets maintained the shares of CDNS in report on Friday, May 26 with "Buy" rating. (NASDAQ:CDNS) for 227,976 shares. (NASDAQ:CDNS) has "Buy" rating given on Wednesday, July 5 by RBC Capital Markets. The company was maintained on Thursday, November 19 by Northland Capital. The rating was maintained by Needham on Friday, October 27 with "Hold". Its up 8.77% from 6.75 million shares previously.

Investors sentiment increased to 1.25 in Q2 2017. Its up 0.27, from 1.09 in 2017Q1. It turned negative, as 40 investors sold CDNS shares while 112 reduced holdings. 46 funds opened positions while 90 raised stakes. 233.59 million shares or 0.91% less from 235.74 million shares in 2017Q1 were reported.

Several other institutional investors have also sold shares of the company. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) for 9,079 shares. Schwab Charles Invest Management Incorporated holds 374,715 shares or 0.02% of its portfolio. Shelton Capital holds 21,599 shares. Ing Groep Nv holds 0.01% or 7,600 shares. Neumeier Poma Investment Counsel Llc owns 363,775 shares or 2.53% of their U.S. portfolio. KeyCorp reiterated a "hold" rating on shares of Cadence Design Systems in a research report on Sunday, November 26th.

A-R-T- Advisors Llc decreased its stake in Cadence Design System Inc (CDNS) by 80.34% based on its latest 2017Q2 regulatory filing with the SEC. Following the sale, the chief executive officer now owns 533,333 shares of the company's stock, valued at approximately $23,210,652.16.

Currently, 0.50% of SLM Corporation (NASDAQ:SLM) are owned by insiders with 100.29% six-month change in the insider ownership. Dimensional Fund Advsrs Lp accumulated 1.04M shares. Boothbay Fund Limited Liability Company reported 8,829 shares or 0.06% of all its holdings. Schroder Inv Management Gp invested 0.12% of its portfolio in Cadence Design Systems, Inc. Cadence Design Systems has a 12-month low of $23.83 and a 12-month high of $35.69. (NASDAQ:CDNS). Quantitative Invest Management Ltd Limited Liability Company reported 44,000 shares stake. They expect $0.27 EPS, up 92.86% or $0.13 from last year's $0.14 per share. CBM's profit will be $37.37 million for 11.30 P/E if the $1.14 EPS becomes a reality. During the same quarter in the previous year, the business earned $0.30 earnings per share. sell-side analysts predict that Cadence Design Systems Inc will post 1.06 EPS for the current fiscal year.

Since August 15, 2017, it had 0 insider purchases, and 8 selling transactions for $10.22 million activity.

Axa, which manages about $22.03B US Long portfolio, decreased its stake in General Electric Co (NYSE:GE) by 118,055 shares to 3.56 million shares, valued at $96.06M in 2017Q2, according to the filing. (NASDAQ:CDNS) was sold by Cowie James J. Zacks Investment Research upgraded shares of Cadence Design Systems from a "hold" rating to a "buy" rating and set a $48.00 target price on the stock in a research report on Wednesday, November 1st. (NASDAQ:CDNS) for 197,000 shares.

Chesapeake Asset Management Llc, which manages about $889.99 million and $105.11M US Long portfolio, upped its stake in Apollo Global Mgmt Llc (NYSE:APO) by 34,317 shares to 64,049 shares, valued at $1.69M in 2017Q2, according to the filing. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. Therefore 53% are positive. Jefferies maintained it with "Buy" rating and $6800 target in Thursday, July 13 report. The company has market cap of $1.69 billion. RBC Capital Markets has "Top Pick" rating and $125 target. DA Davidson downgraded the stock to "Neutral" rating in Wednesday, April 6 report. The stock of The Walt Disney Company (NYSE:DIS) earned "Buy" rating by Evercore on Tuesday, January 3. In this case performance of tends to percentage rate of return for a stock for a given time frame.

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