Institutional Holdings and Trade Data for Cadence Design Systems, Inc. (CDNS)

In the past 52-week period, shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) have moved within the range of $24.15 to $45.64. On the stock’s most recent trading day, the company’s shares ended the regular session at $42.90, which is 6% lower than its 52-week high.

Cadence Design Systems, Inc. (CDNS) has demonstrated a 20-day simple moving average (SMA) of -3.18%, and a 50-day SMA of 0.55%. This public company’s current market capitalization stands at $11.91 billion.

Analyzing Consensus Estimates, Sales Revenue and Net Income

Understanding Wall Street analyst’s enthusiasm for a particular stock is crucial when considering entering a position. According to the latest data, the consensus recommendation for Cadence Design Systems, Inc. (CDNS) is Hold.

When it comes to sales data, public companies usually post revenue and earnings that are either higher or lower than the average Wall Street forecast. In the most recent quarterly financial report, for the quarter ending Sep. 2017, Cadence Design Systems, Inc. (CDNS) delivered a 0.86% surprise with its net revenue. Sales reached $0.49 billion during the three-month period, compared to the average analyst estimate of $0.48 billion.

Meanwhile, during the same quarter Cadence Design Systems, Inc. (CDNS) delivered a 2.61% earnings surprise. Net earnings for the quarter were posted at $0.35 per share, whereas Wall Street had forecast $0.34 per share.

Ownership at Cadence Design Systems, Inc. (CDNS), According to Most Recent SEC Filings

A public company’s latest 13F filings tell investors important details about institutional ownership. Cadence Design Systems, Inc. (CDNS) has 0 billion shares outstanding currently, 93.47% of which belong to institutional investors. Those institutional holdings amount to $11.26 billion.

Additionally, according to the most recent 13F filing from Cadence Design Systems, Inc. (CDNS), there were 65 new positions totaling 2,884,021 shares of the company’s stock. There were 40 sold out positions, on the other hand, totaling 6,467,481 shares.

Short, Medium and Long Term Indicators

Examining a stock’s average volume in the short, medium and long term is useful to understand trading activity and investor sentiment. Cadence Design Systems, Inc. (CDNS) has had a 20-day average volume of 2,019,440 shares, with an average of 40% of short term indicators pointed at Sell.

The stock’s 50-day average volume has been 2,002,172 shares, with an average of 25% of medium term indicators pointing toward Buy. Finally, its 100-day average volume is 2,703,707 shares with 67% of long-term indicators pointing to Buy.