Can Cadence Design Systems Incorporated (NASDAQ:CDNS)’s Tomorrow be Different? The Stock Had Increase in Shorts

September 17, 2017 - By test

 Can Cadence Design Systems Incorporated (NASDAQ:CDNS)’s Tomorrow be Different? The Stock Had Increase in Shorts

Investors sentiment decreased to 0.77 in Q4 2016. Its down 0.02, from 0.79 in 2016Q3. It dropped, as 29 investors sold Cadence Design Systems Inc shares while 135 reduced holdings. 42 funds opened positions while 85 raised stakes. 228.19 million shares or 3.52% less from 236.52 million shares in 2016Q3 were reported.
Dodge And Cox has 0.03% invested in Cadence Design Systems Inc (NASDAQ:CDNS). Guggenheim Cap Ltd invested in 0% or 67,100 shares. Deutsche Bancorporation Ag owns 1.69M shares or 0.03% of their US portfolio. Moreover, Shearlink Capital Ltd Com has 5.41% invested in Cadence Design Systems Inc (NASDAQ:CDNS). 18,205 are owned by Cim Limited Liability Corporation. Group holds 0.05% in Cadence Design Systems Inc (NASDAQ:CDNS) or 551,907 shares. Westpac Banking owns 29,870 shares. Blackrock Group Inc Ltd, a United Kingdom-based fund reported 1.27M shares. Oxford Asset Management has 0.12% invested in Cadence Design Systems Inc (NASDAQ:CDNS). Moreover, Summit Gru Limited Liability has 0.15% invested in Cadence Design Systems Inc (NASDAQ:CDNS) for 26,467 shares. Sg Americas Securities Ltd Liability holds 54,259 shares. Spectrum Mgmt Grp Inc has 32,225 shares for 0.3% of their portfolio. Robeco Institutional Asset Mngmt Bv reported 207,845 shares stake. Oakbrook Limited Liability reported 0.03% in Cadence Design Systems Inc (NASDAQ:CDNS). Morgan Stanley reported 1.12M shares stake.

Since May 15, 2017, it had 0 buys, and 6 selling transactions for $12.60 million activity. 100,000 shares were sold by TAN LIP BU, worth $3.31M on Monday, May 15. 29,406 shares were sold by ZAMAN ANEEL, worth $959,087 on Friday, May 19. 55,000 shares valued at $1.83 million were sold by Cowie James J on Monday, May 22. 50,000 shares were sold by SHOVEN JOHN B, worth $1.70M.

The stock of Cadence Design Systems Incorporated (NASDAQ:CDNS) registered an increase of 11.74% in short interest. CDNS’s total short interest was 4.04M shares in September as published by FINRA. Its up 11.74% from 3.62 million shares, reported previously. With 1.42M shares average volume, it will take short sellers 3 days to cover their CDNS’s short positions. The short interest to Cadence Design Systems Incorporated’s float is 1.47%.

The stock increased 0.66% or $0.25 on September 15, reaching $38.27. About 57.22M shares traded or 1359.69% up from the average. Cadence Design Systems Inc (NASDAQ:CDNS) has risen 37.90% since September 17, 2016 and is uptrending. It has outperformed by 21.20% the S&P500.

Cadence Design Systems, Inc. provides solutions that enable its clients to design electronic products. The company has market cap of $10.72 billion. 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). It has a 44.7 P/E ratio. Functional verification products are used to verify that the circuitry or the software designed will perform as intended.

Cadence Design Systems Inc (NASDAQ:CDNS) Ratings Coverage

Among 9 analysts covering Cadence Design Systems Inc (NASDAQ:CDNS), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Cadence Design Systems Inc had 21 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Bank of America with “Buy” on Tuesday, July 25. The stock has “Hold” rating by Benchmark on Thursday, October 8. The rating was maintained by RBC Capital Markets with “Buy” on Friday, May 26. The rating was maintained by Northland Capital on Thursday, November 19 with “Outperform”. The stock of Cadence Design Systems Inc (NASDAQ:CDNS) has “Neutral” rating given on Wednesday, October 19 by Credit Suisse. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, August 31 report. The firm earned “Underweight” rating on Monday, December 12 by JP Morgan. The firm has “Hold” rating by Needham given on Tuesday, June 14. RBC Capital Markets initiated Cadence Design Systems Inc (NASDAQ:CDNS) on Monday, June 6 with “Outperform” rating. The stock of Cadence Design Systems Inc (NASDAQ:CDNS) earned “Buy” rating by RBC Capital Markets on Wednesday, July 5.

More notable recent Cadence Design Systems Inc (NASDAQ:CDNS) news were published by: Zacks.com which released: “Why Is Cadence Design (CDNS) Up 5% Since the Last Earnings Report?” on August 24, 2017, also Prnewswire.com with their article: “Cadence Delivers Comprehensive IP Portfolio for TSMC 16FFC Automotive Design …” published on September 07, 2017, Seekingalpha.com published: “Cadence Design Systems’ (CDNS) Management presents Deutsche Bank Technology …” on September 13, 2017. More interesting news about Cadence Design Systems Inc (NASDAQ:CDNS) were released by: Prnewswire.com and their article: “Cadence Tools and Flows Achieve Production-Ready Certification for TSMC’s …” published on September 11, 2017 as well as Prnewswire.com‘s news article titled: “Cadence Design Systems Set to Join S&P 500; Others to Join S&P MidCap 400 and …” with publication date: September 08, 2017.

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