One Capital Management Cut Its Wells Fargo Co New (WFC) Holding by $2.25 Million as Stock Price Declined; Cadence Design Systems (CDNS) Shareholder Americafirst Capital Management Has Lowered Stake by $13.34 Million

February 19, 2018 - By Richard Conner

One Capital Management Llc decreased its stake in Wells Fargo Co New (WFC) by 73.31% based on its latest 2017Q3 regulatory filing with the SEC. One Capital Management Llc sold 40,960 shares as the company’s stock declined 8.66% while stock markets rallied. The institutional investor held 14,913 shares of the major banks company at the end of 2017Q3, valued at $822,000, down from 55,873 at the end of the previous reported quarter. One Capital Management Llc who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $293.25B market cap company. The stock decreased 0.12% or $0.07 during the last trading session, reaching $59.95. About 18.66M shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since February 19, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Americafirst Capital Management Llc decreased its stake in Cadence Design Systems Inc. (CDNS) by 14.53% based on its latest 2017Q3 regulatory filing with the SEC. Americafirst Capital Management Llc sold 338 shares as the company’s stock rose 8.54% with the market. The institutional investor held 1,988 shares of the technology company at the end of 2017Q3, valued at $78.47M, down from 2,326 at the end of the previous reported quarter. Americafirst Capital Management Llc who had been investing in Cadence Design Systems Inc. for a number of months, seems to be less bullish one the $11.06 billion market cap company. The stock increased 0.23% or $0.09 during the last trading session, reaching $39.16. About 1.91M shares traded. Cadence Design Systems, Inc. (NASDAQ:CDNS) has risen 37.90% since February 19, 2017 and is uptrending. It has outperformed by 21.20% the S&P500.

Investors sentiment increased to 1.36 in 2017 Q3. Its up 0.27, from 1.09 in 2017Q2. It improved, as 32 investors sold CDNS shares while 105 reduced holdings. 71 funds opened positions while 115 raised stakes. 234.20 million shares or 0.26% more from 233.59 million shares in 2017Q2 were reported. Nomura Holdings holds 0.01% or 83,912 shares in its portfolio. Beach Inv Counsel Pa has 0.04% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). Missouri-based Crestpoint Mgmt has invested 0.73% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Contravisory Invest Mgmt owns 0.13% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 9,034 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0.02% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Cohen & Steers stated it has 231,287 shares. Proshare Lc owns 34,395 shares. Pitcairn invested 0.21% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS). Bluemountain Ltd holds 0.18% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 218,522 shares. Nuveen Asset Management Limited Liability Company reported 0.11% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS). Envestnet Asset Management owns 0% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 6,387 shares. Liberty Mutual Asset owns 94,155 shares or 0.2% of their US portfolio. Legal & General Grp Inc Public Limited Company invested in 567,279 shares. Moreover, Manufacturers Life Insurance The has 0.02% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). Toronto Dominion Bank has 106,262 shares.

Since August 21, 2017, it had 0 insider buys, and 10 sales for $14.77 million activity. On Tuesday, January 16 TAN LIP BU sold $1.12M worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) or 25,000 shares. SHOVEN JOHN B had sold 50,000 shares worth $2.25 million. On Monday, August 28 RIBAR GEOFFREY G sold $563,285 worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) or 15,000 shares. Cowie James J also sold $187,376 worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) shares. $2.00 million worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) was sold by DEVGAN ANIRUDH on Tuesday, January 16.

Americafirst Capital Management Llc, which manages about $159.21M and $74.03B US Long portfolio, upped its stake in United Continental Holdings Inc (NYSE:UAL) by 3,201 shares to 4,270 shares, valued at $259.96M in 2017Q3, according to the filing. It also increased its holding in General Mills Inc. (NYSE:GIS) by 2,786 shares in the quarter, for a total of 5,629 shares, and has risen its stake in Hca Holdings Inc (NYSE:HCA).

Among 10 analysts covering Cadence Design Systems Inc (NASDAQ:CDNS), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Cadence Design Systems Inc had 26 analyst reports since July 29, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Outperform” rating and $25 target in Tuesday, October 27 report. The company was initiated on Wednesday, October 19 by Credit Suisse. The firm has “Hold” rating by Needham given on Thursday, September 14. Needham maintained the stock with “Buy” rating in Tuesday, October 27 report. On Monday, December 12 the stock rating was downgraded by JP Morgan to “Underweight”. On Thursday, February 1 the stock rating was maintained by RBC Capital Markets with “Buy”. DA Davidson upgraded the shares of CDNS in report on Monday, October 10 to “Buy” rating. On Thursday, August 31 the stock rating was maintained by RBC Capital Markets with “Buy”. DA Davidson upgraded the shares of CDNS in report on Thursday, February 4 to “Buy” rating. The rating was maintained by Bank of America with “Buy” on Tuesday, July 25.

One Capital Management Llc, which manages about $676.36M and $480.74 million US Long portfolio, upped its stake in Alphabet Inc by 331 shares to 3,544 shares, valued at $3.40 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (IWC) by 4,268 shares in the quarter, for a total of 158,180 shares, and has risen its stake in Ishares Tr (IJS).

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It worsened, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Waddell Reed Fincl owns 5.03 million shares. Atwood & Palmer holds 0.21% or 26,778 shares. Meritage Port Mgmt invested in 0.02% or 4,213 shares. The Oklahoma-based Capital Advsrs Ok has invested 0.02% in Wells Fargo & Company (NYSE:WFC). Eagle Asset Mgmt Inc accumulated 1.95 million shares or 0.62% of the stock. Moreover, Nj State Employees Deferred Compensation Plan has 1% invested in Wells Fargo & Company (NYSE:WFC). Conning holds 1.31% or 697,227 shares in its portfolio. First Midwest Bancorp Tru Division stated it has 38,859 shares or 0.26% of all its holdings. Wellington Shields Management Limited Co holds 4,792 shares. Private Asset Mngmt Inc holds 1.51% or 9,363 shares. Lvw Advsr Limited Liability Co invested 1.64% in Wells Fargo & Company (NYSE:WFC). 5,124 are owned by Beaumont Partners Limited Liability. Bank Of The West holds 82,601 shares or 0.57% of its portfolio. 5,697 are owned by Sigma Invest Counselors. Cedar Hill Associates Lc holds 0.07% or 7,071 shares in its portfolio.

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By1 Richard Conner

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