Brokers Issue New Targets On Cadence Design Systems, Inc. (NASDAQ:CDNS)

Ausiliatrice Cristiano
Agosto 2, 2017

Forbes J M Limited Liability Partnership holds 194,166 shares.

Stock market analysts watching Cadence Design Systems, Inc. It has outperformed by 21.20% the S&P500.

Among 10 analysts covering Great Western (NYSE:GWB), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 56% are positive.

According to Financial Times, The 2 analysts offering 12 month price targets for BT Group plc (ADR) have a median target of 21.03, with a high estimate of 21.27 and a low estimate of 20.80. The company presently has an average rating of "Hold" and an average target price of $33.67. Great Western had 16 analyst reports since September 14, 2015 according to SRatingsIntel. Price Target plays a critical role when it comes to the analysis of a Stock. The firm has "Neutral" rating given on Wednesday, July 26 by Citigroup. The rating was downgraded by Wells Fargo on Friday, October 23 to "Market Perform". As per Thursday, February 9, the company rating was maintained by RBC Capital Markets.

On December 12 the stock rating was downgraded from "Neutral" to "Underweight" by analysts at JP Morgan. The firm has "Buy" rating given on Monday, May 29 by Keefe Bruyette & Woods. It is aimed to map the current and historical strength or weakness of a stock or market based on the ending prices of a recent trading sessions. As per Wednesday, July 5, the company rating was maintained by RBC Capital Markets. Peregrine Asset Advisers has invested 0.22% in Nasdaq Inc (NASDAQ:NDAQ). Its down 0.02, from 0.79 in 2016Q3. Needham maintained Cadence Design Systems Inc (NASDAQ:CDNS) rating on Tuesday, October 27. 42 funds opened positions while 85 raised stakes. The active investment managers in our partner's database now have: 228.19 million shares, down from 236.52 million shares in 2016Q3. Acadian Asset Management bought a new stake in stocks of Cadence Design Systems during the Q1 assessed at roughly $81,715,000. Bessemer stated it has 691 shares. Lastly, Bank of Montreal Can boosted its stake in stocks of Cadence Design Systems by 99.6% in the Q1. 1,111,545 stocks of the company were exchanged. Zweig accumulated 137,206 shares or 0.38% of the stock. Ballentine Prtnrs Llc holds 44,046 shares or 0.21% of its portfolio. Uss Ltd holds 1.34% or 3.46 million shares in its portfolio.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, July 24th. Glenmede Trust Na owns 1.38 million shares for 0.19% of their portfolio.

Since February 1, 2017, it had 0 insider buys, and 3 insider sales for $481,210 activity. $3.15M worth of Cadence Design Systems Inc (NASDAQ:CDNS) was sold by TAN LIP BU. Over the last quarter, insiders have sold 434,656 shares of company stock valued at $14,786,334. The stock of Cadence Design Systems Inc (NASDAQ:CDNS) has "Outperform" rating given on Thursday, November 19 by Northland Capital. 26,165 shares valued at $1.81M were sold by COURTOIS JEAN PHILIPPE on Thursday, May 25. Another trade for 8,325 shares valued at $244,013 was sold by ZAMAN ANEEL. Zacks Investment Research upgraded Cadence Design Systems from a "hold" rating to a "buy" rating and set a $36.00 target price on the stock in a report on Thursday, April 27th.

07/28/2015 - Cadence Design Systems, Inc. had its " rating reiterated by analysts at Summit Research. Royal Bank Of Canada upped the price objective on stocks of Cadence Design Systems from $36.00 to $39.00 and issued the company an "outperform" recommendation in a study on Tue, Jul 25th. The rating was maintained by Bank of America with "Buy" on Tuesday, July 25.

Equity analyst RBC Capital started covering CDNS giving it an initial rating of "Outperform" and price target of $29.00. On Monday, October 10 the stock rating was upgraded by DA Davidson to "Buy". Mn Services Vermogensbeheer B.V. raised its stake in Cadence Design Systems by 490.3% in the second quarter. DA Davidson downgraded Cadence Design Systems from a "buy" rating to a "neutral" rating in a research note on Tuesday, April 25th. Benchmark initiated the shares of CDNS in report on Thursday, October 8 with "Hold" rating. The company was maintained on Wednesday, July 5 by RBC Capital Markets.

Cadence Design Systems, Inc provides solutions that enable its customers to design electronic products. The Company's product categories include Functional Verification, Digital integrated circuits Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP).

Investors sentiment increased to 1.01 in Q4 2016. Its up 0.03, from 0.85 in 2016Q3. It increased, as 45 investors sold IMPV shares while 43 reduced holdings. 38 funds opened positions while 51 raised stakes. Cowen holds 0.22% or 136,047 shares in its portfolio. Moreover, Tradition Capital Lc has 0.09% invested in McDonald's Corporation (NYSE:MCD). Raymond James & Associate reported 0% of its portfolio in Imperva Inc (NASDAQ:IMPV). Blackrock Gp Ltd holds 17,246 shares or 0% of its portfolio. Allianz Asset Mngmt Ag has invested 0.05% in Great Western Bancorp Inc (NYSE:GWB). D E Shaw And Company Incorporated reported 672,976 shares. Artemis Inv Mgmt Llp has invested 0.31% in Great Western Bancorp Inc (NYSE:GWB). The stock rose 0.02% or $0.03 reaching $155.17.

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