Pzena Investment Management Upped Mylan Nv (MYL) Position By $321.83 Million; Arizona State Retirement System Has Lowered Its Cadence Design Sys (CDNS) Stake

February 15, 2018 - By David Stenberg

Arizona State Retirement System decreased Cadence Design Sys Inc (CDNS) stake by 24.23% reported in 2017Q3 SEC filing. Arizona State Retirement System sold 39,100 shares as Cadence Design Sys Inc (CDNS)’s stock rose 8.54%. The Arizona State Retirement System holds 122,300 shares with $4.83M value, down from 161,400 last quarter. Cadence Design Sys Inc now has $10.98 billion valuation. The stock increased 0.62% or $0.24 during the last trading session, reaching $38.87. About 1.03M shares traded. Cadence Design Systems, Inc. (NASDAQ:CDNS) has risen 37.90% since February 15, 2017 and is uptrending. It has outperformed by 21.20% the S&P500.

Pzena Investment Management Llc increased Mylan Nv (MYL) stake by 84.13% reported in 2017Q3 SEC filing. Pzena Investment Management Llc acquired 10.38 million shares as Mylan Nv (MYL)’s stock declined 9.77%. The Pzena Investment Management Llc holds 22.72M shares with $712.77M value, up from 12.34M last quarter. Mylan Nv now has $22.24 billion valuation. The stock increased 0.29% or $0.12 during the last trading session, reaching $41.46. About 1.45M shares traded. Mylan N.V. (NASDAQ:MYL) has declined 7.73% since February 15, 2017 and is downtrending. It has underperformed by 24.43% the S&P500.

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. The firm earned “Buy” rating on Thursday, February 1 by RBC Capital Markets. Northland Capital maintained it with “Outperform” rating and $25 target in Tuesday, October 27 report. The stock has “Buy” rating by Needham on Tuesday, October 27. DA Davidson upgraded it to “Buy” rating and $25 target in Thursday, February 4 report. The rating was initiated by RBC Capital Markets on Monday, June 6 with “Outperform”. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) has “Hold” rating given on Thursday, October 8 by Benchmark. The rating was maintained by RBC Capital Markets with “Buy” on Friday, May 26. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, October 27. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, February 9. Needham maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) on Thursday, September 14 with “Hold” rating.

Since August 15, 2017, it had 0 insider purchases, and 11 selling transactions for $14.95 million activity. 15,000 Cadence Design Systems, Inc. (NASDAQ:CDNS) shares with value of $563,285 were sold by RIBAR GEOFFREY G. 100,000 Cadence Design Systems, Inc. (NASDAQ:CDNS) shares with value of $4.35 million were sold by TAN LIP BU. Shares for $2.25M were sold by SHOVEN JOHN B. 750 shares valued at $32,768 were sold by WALL JOHN M on Monday, December 11. DEVGAN ANIRUDH sold $2.00 million worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) on Tuesday, January 16. 5,036 shares valued at $187,376 were sold by Cowie James J on Thursday, August 24.

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. Ajo Limited Partnership holds 4.12M shares or 0.71% of its portfolio. Cohen Steers Inc invested 0.02% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Alliancebernstein LP owns 479,174 shares. Fny Managed Accounts Ltd Llc accumulated 556 shares. New Mexico Educational Retirement Board has 0.05% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 25,900 shares. 181,330 are held by First Financial Bank Of Omaha. Proshare Advisors Lc invested in 0.01% or 34,395 shares. Dodge And Cox owns 0.02% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 772,024 shares. Westpac Corporation, Australia-based fund reported 17,598 shares. First Personal Svcs has invested 0.01% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Advantus Cap Mgmt reported 28,402 shares. The Australia-based Amp Capital Invsts Ltd has invested 0.06% in Cadence Design Systems, Inc. (NASDAQ:CDNS). State Of Tennessee Treasury Department accumulated 326,680 shares or 0.07% of the stock. Moreover, Granahan Investment Ma has 0.13% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 38,005 shares. Fjarde Ap reported 69,913 shares.

Arizona State Retirement System increased Cable One Inc stake by 683 shares to 2,683 valued at $1.94 million in 2017Q3. It also upped Schwab (Charles) Corp (NYSE:SCHW) stake by 94,853 shares and now owns 396,635 shares. American Express Co (NYSE:AXP) was raised too.

Among 21 analysts covering Mylan Inc. (NASDAQ:MYL), 13 have Buy rating, 0 Sell and 8 Hold. Therefore 62% are positive. Mylan Inc. had 65 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Mylan N.V. (NASDAQ:MYL) earned “Buy” rating by UBS on Monday, December 4. On Thursday, September 14 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock has “Buy” rating by BTIG Research on Wednesday, August 19. The firm has “Equal-Weight” rating given on Monday, August 7 by Morgan Stanley. As per Monday, September 21, the company rating was initiated by Barclays Capital. The rating was reinitiated by Morgan Stanley on Thursday, December 3 with “Equal-Weight”. The stock has “Buy” rating by Susquehanna on Tuesday, November 7. The firm has “Hold” rating by Cantor Fitzgerald given on Thursday, December 21. As per Monday, October 10, the company rating was maintained by UBS. The stock has “Hold” rating by RBC Capital Markets on Friday, July 14.

Pzena Investment Management Llc decreased Xl Group Ltd stake by 62,218 shares to 5.14 million valued at $202.60M in 2017Q3. It also reduced Terex Corp (NYSE:TEX) stake by 659,696 shares and now owns 4.52 million shares. Intel Corporation (NASDAQ:INTC) was reduced too.

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