Cadence Design System INC (CDNS) Holder Louisiana State Employees Retirement System Has Cut Holding by $4.56 Million

April 17, 2018 - By Henry Gaston

Cadence Design Systems, Inc. (NASDAQ:CDNS) LogoInvestors sentiment increased to 1.59 in Q4 2017. Its up 0.23, from 1.36 in 2017Q3. It improved, as 18 investors sold CDNS shares while 111 reduced holdings. 72 funds opened positions while 133 raised stakes. 235.53 million shares or 0.57% more from 234.20 million shares in 2017Q3 were reported. Gulf National Bank (Uk) Limited holds 89,650 shares. Swiss Financial Bank reported 1.03M shares. Loring Wolcott Coolidge Fiduciary Advisors Ltd Liability Partnership Ma accumulated 42 shares. Ajo Lp reported 4.04M shares. Hillsdale Mngmt Incorporated reported 9,000 shares or 0.06% of all its holdings. The Missouri-based Crestpoint Cap Limited Liability has invested 0.49% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Ubs Asset Americas Incorporated stated it has 1.09 million shares or 0.04% of all its holdings. Bancorporation has 29,716 shares for 0.02% of their portfolio. Sumitomo Mitsui Tru Holding Inc holds 0.05% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 842,270 shares. Paloma Partners Management holds 0.02% or 41,574 shares in its portfolio. North Star Inv Mgmt Corp invested in 1,920 shares. Walleye Trading Ltd Liability Corporation accumulated 0% or 1,091 shares. Great Lakes Advsrs Ltd Co has 0.25% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). The Colorado-based Alps Advisors Incorporated has invested 0.01% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Ativo Cap Management Limited Liability Corp holds 0.34% or 30,300 shares in its portfolio.

Since December 11, 2017, it had 0 insider purchases, and 9 sales for $11.40 million activity. On Tuesday, January 16 DEVGAN ANIRUDH sold $2.00M worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) or 44,526 shares. TAN LIP BU also sold $4.35M worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) shares. Shares for $2.25M were sold by SHOVEN JOHN B on Monday, January 8.

Louisiana State Employees Retirement System decreased its stake in Cadence Design System Inc (CDNS) by 86.67% based on its latest 2017Q4 regulatory filing with the SEC. Louisiana State Employees Retirement System sold 111,200 shares as the company’s stock declined 13.87% with the market. The institutional investor held 17,100 shares of the technology company at the end of 2017Q4, valued at $715,000, down from 128,300 at the end of the previous reported quarter. Louisiana State Employees Retirement System who had been investing in Cadence Design System Inc for a number of months, seems to be less bullish one the $10.71 billion market cap company. The stock increased 0.69% or $0.26 during the last trading session, reaching $37.8. About 296,550 shares traded. Cadence Design Systems, Inc. (NASDAQ:CDNS) has risen 14.90% since April 17, 2017 and is uptrending. It has outperformed by 3.35% the S&P500.

Louisiana State Employees Retirement System, which manages about $2.20 billion US Long portfolio, upped its stake in Ishares Tr (IJH) by 43,400 shares to 83,619 shares, valued at $15.87M in 2017Q4, according to the filing.

Analysts await Cadence Design Systems, Inc. (NASDAQ:CDNS) to report earnings on April, 23. They expect $0.20 earnings per share, down 20.00 % or $0.05 from last year’s $0.25 per share. CDNS’s profit will be $56.65 million for 47.25 P/E if the $0.20 EPS becomes a reality. After $0.29 actual earnings per share reported by Cadence Design Systems, Inc. for the previous quarter, Wall Street now forecasts -31.03 % negative EPS growth.

Cadence Design Systems, Inc. (NASDAQ:CDNS) Ratings Coverage

Among 5 analysts covering Cadence Design (NASDAQ:CDNS), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Cadence Design has $50.0 highest and $43.0 lowest target. $46.50’s average target is 23.02% above currents $37.8 stock price. Cadence Design had 5 analyst reports since October 27, 2017 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Thursday, February 1. Credit Suisse maintained the shares of CDNS in report on Thursday, February 1 with “Hold” rating. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) has “Buy” rating given on Thursday, April 5 by DA Davidson. On Friday, October 27 the stock rating was maintained by Needham with “Hold”. The rating was maintained by KeyBanc Capital Markets on Sunday, November 26 with “Hold”.

Cadence Design Systems, Inc. (NASDAQ:CDNS) Institutional Positions Chart

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