Sci-tech

Hot Stocks Report: Schlumberger Limited (SLB), Cadence Design Systems, Inc. (CDNS)

(NASDAQ:CDNS), its shares were trading at $38.02 a gain of $0.57, on the trading floor. The fund owned 204,187 shares of the software maker's stock after purchasing an additional 117,005 shares during the period.

Eagle Asset Management Inc decreased Cadence Design Sys Inc (CDNS) stake by 49.51% reported in 2016Q4 SEC filing.

A number of other large investors also recently modified their holdings of the business. Creative Planning boosted its position in shares of Cadence Design Systems by 242.2% during the second quarter. State Street Corp raised its holdings in Cadence Design Systems by 1.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 869,057 shares of the software maker's stock valued at $27,289,000 after purchasing an additional 390,857 shares during the last quarter.

Credit Suisse Group reiterated their outperform rating on shares of Cadence Design Systems, Inc. Great West Life Assurance Co. The firm earned "Buy" rating on Tuesday, July 25 by Bank of America.

This stock (SLB) is ahead of its 52-week low with 8.22%. Commerzbank Aktiengesellschaft FI now owns 23,456 shares of the software maker's stock valued at $737,000 after purchasing an additional 4,532 shares during the last quarter. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument, unless that information is subsequently confirmed on your own.

In the market the company is trading up since yesterday's close of 38.02. The company has its outstanding shares of 281.59M. The stock has a 50 day moving average of $37.33 and a 200-day moving average of $34.13. Cadence Design Systems, Inc. The company has a market capitalization of $10.72 billion, a PE ratio of 44.50 and a beta of 0.92. The current consensus recommendation provided by covering analysts is 2.40. The company had revenue of $479.00 million for the quarter, compared to analyst estimates of $476.21 million. During the same period in the previous year, the business posted $0.31 EPS. The company had revenue of $469 million for the quarter, compared to the consensus estimate of $468.81 million. Royal Bank Of Canada raised their price objective on Cadence Design Systems from $30.00 to $33.00 and gave the stock an "outperform" rating in a research note on Thursday, February 9th. BidaskClub downgraded shares of Cadence Design Systems from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 5th. BlackRock Inc. grew its holdings in Cadence Design Systems by 6,398.5% during the 1st quarter. Considering that the stock daily volume of 5.95 million shares, this represents a pretty noteworthy trading in volume size in recent session. Cadence Design Systems presently has an average rating of "Hold" and an average price target of $28.38. Tocqueville Asset Lp has invested 0% in Cadence Design Systems Inc (NASDAQ:CDNS). "(NASDAQ:CDNS) Acquired by NorthCoast Asset Management LLC" was posted by TrueBlueTribune and is the sole property of of TrueBlueTribune.

TRADEMARK VIOLATION WARNING: This story was published by Week Herald and is owned by of Week Herald.

In other news, CEO Lip Bu Tan sold 100,000 shares of the firm's stock in a transaction on Monday, July 17th. James J. Cowie, Sr VP sold $187,390 worth of shares at an average price of $37.21 on August 24th. Following the completion of the sale, the chief executive officer now directly owns 583,332 shares of the company's stock, valued at approximately $20,229,953.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. It has outperformed by 41.42% the S&P500.The move comes after 6 months positive chart setup for the $1.78 billion company. The portion of a company's profit allocated to each outstanding share of common stock was $1.49 a share in the trailing twelve months. The disclosure for this sale can be found here. Over the last three months, the shares of the company have changed 11.33% and performed 20.20% over the last six months. Institutional investors and hedge funds own 84.27% of the company's stock.

Cadence Design Systems, Inc (Cadence) develops system design enablement (SDE) solutions that are used to design whole electronics systems and integrated circuits (ICs) and electronic devices.



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