Stephens Investment Management Group Has Cut Cadence Design System (CDNS) Holding as Valuation Rose; Scripps Networks Interact In (SNI) Holder Ameritas Investment Partners Has Lowered Its Position by $697,000 as Shares Declined

February 21, 2018 - By Richard Conner

Ameritas Investment Partners Inc decreased its stake in Scripps Networks Interact In (SNI) by 78.28% based on its latest 2017Q3 regulatory filing with the SEC. Ameritas Investment Partners Inc sold 8,200 shares as the company’s stock declined 10.51% while stock markets rallied. The institutional investor held 2,275 shares of the consumer services company at the end of 2017Q3, valued at $194,000, down from 10,475 at the end of the previous reported quarter. Ameritas Investment Partners Inc who had been investing in Scripps Networks Interact In for a number of months, seems to be less bullish one the $11.49 billion market cap company. The stock increased 0.28% or $0.25 during the last trading session, reaching $88.41. About 342,954 shares traded. Scripps Networks Interactive, Inc. (NYSE:SNI) has risen 9.83% since February 21, 2017 and is uptrending. It has underperformed by 6.87% the S&P500.

Stephens Investment Management Group Llc decreased its stake in Cadence Design System Inc (CDNS) by 1.2% based on its latest 2017Q3 regulatory filing with the SEC. Stephens Investment Management Group Llc sold 9,616 shares as the company’s stock rose 8.54% with the market. The institutional investor held 788,957 shares of the technology company at the end of 2017Q3, valued at $31.14 million, down from 798,573 at the end of the previous reported quarter. Stephens Investment Management Group Llc who had been investing in Cadence Design System Inc for a number of months, seems to be less bullish one the $11.33 billion market cap company. The stock decreased 0.10% or $0.04 during the last trading session, reaching $40.13. About 1.04M shares traded. Cadence Design Systems, Inc. (NASDAQ:CDNS) has risen 37.90% since February 21, 2017 and is uptrending. It has outperformed by 21.20% the S&P500.

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 $56.47M for 50.16 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.

Stephens Investment Management Group Llc, which manages about $3.08 billion and $4.34 billion US Long portfolio, upped its stake in Globant S A (NYSE:GLOB) by 13,213 shares to 235,287 shares, valued at $9.43M in 2017Q3, according to the filing. It also increased its holding in Dominos Pizza Inc (NYSE:DPZ) by 12,322 shares in the quarter, for a total of 50,931 shares, and has risen its stake in Echo Global Logistics Inc (NASDAQ:ECHO).

Investors sentiment increased to 1.36 in Q3 2017. Its up 0.27, from 1.09 in 2017Q2. It increased, 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. Dnb Asset Mngmt As has invested 0.01% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Jpmorgan Chase holds 0.01% or 1.00M shares in its portfolio. Proshare Llc holds 0.01% or 34,395 shares. Fmr Limited Com accumulated 0% or 76,746 shares. 22,788 were accumulated by Commonwealth Of Pennsylvania Public School Empls Retrmt Systems. Gotham Asset Mgmt Ltd Liability holds 82,113 shares. Macquarie Limited invested 0.01% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Verition Fund Mgmt Limited Liability Corp owns 5,155 shares or 0.02% of their US portfolio. Wright Invsts Ser Inc holds 0.37% or 25,838 shares in its portfolio. Credit Agricole S A has 0.01% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 87,391 shares. Jefferies Group Lc holds 0.02% or 60,692 shares in its portfolio. Cadence Capital Mgmt Ltd Llc has 0.15% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). Metropolitan Life Insur New York owns 144,917 shares or 0.04% of their US portfolio. Bridgeway Cap Mgmt has 0.12% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 267,300 shares. Washington Trust Bank & Trust invested in 0.02% or 2,675 shares.

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. Northland Capital maintained the stock with “Outperform” rating in Thursday, November 19 report. The firm earned “Outperform” rating on Thursday, February 9 by RBC Capital Markets. JP Morgan downgraded Cadence Design Systems, Inc. (NASDAQ:CDNS) on Monday, December 12 to “Underweight” rating. The firm has “Neutral” rating given on Wednesday, April 6 by DA Davidson. Topeka Capital Markets maintained it with “Buy” rating and $25 target in Tuesday, October 27 report. Credit Suisse maintained the stock with “Hold” rating in Thursday, February 1 report. The firm has “Neutral” rating given on Wednesday, October 19 by Credit Suisse. On Wednesday, July 5 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Bank of America with “Buy” on Tuesday, July 25. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, August 31 report.

Since August 21, 2017, it had 0 insider buys, and 9 selling transactions for $14.58 million activity. 44,526 shares were sold by DEVGAN ANIRUDH, worth $2.00M. 750 shares were sold by WALL JOHN M, worth $32,963 on Monday, January 8. $2.25M worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) was sold by SHOVEN JOHN B on Monday, January 8. RIBAR GEOFFREY G had sold 5,000 shares worth $184,400 on Monday, August 21. On Thursday, August 24 Cowie James J sold $187,376 worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) or 5,036 shares.

Investors sentiment decreased to 0.58 in Q3 2017. Its down 0.63, from 1.21 in 2017Q2. It turned negative, as 97 investors sold SNI shares while 186 reduced holdings. 92 funds opened positions while 72 raised stakes. 74.60 million shares or 21.30% less from 94.78 million shares in 2017Q2 were reported. 4,053 were accumulated by Lucus Limited Liability. Cibc Asset Mngmt holds 12,941 shares. Cantab Cap Prtnrs Ltd Liability Partnership, a United Kingdom-based fund reported 21,522 shares. Cornerstone has invested 0% of its portfolio in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Hightower Advsr Ltd Liability Com reported 0% in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Boston accumulated 37,753 shares. Gabelli Funds reported 403,161 shares. State Street Corp reported 3.62 million shares. Susquehanna Group Inc Inc Limited Liability Partnership reported 2,327 shares stake. Walleye Trading Ltd Liability stated it has 28,274 shares. Federated Pa holds 0% or 1,427 shares. New Mexico Educational Retirement Board invested 0.04% in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Qs Invsts Ltd Liability Company stated it has 0% in Scripps Networks Interactive, Inc. (NASDAQ:SNI). Pinebridge Invests LP reported 68,041 shares. Lenox Wealth Mngmt reported 105,112 shares.

Among 19 analysts covering Scripps Networks (NYSE:SNI), 4 have Buy rating, 2 Sell and 13 Hold. Therefore 21% are positive. Scripps Networks had 52 analyst reports since August 14, 2015 according to SRatingsIntel. On Wednesday, May 18 the stock rating was downgraded by Citigroup to “Sell”. The rating was upgraded by Citigroup on Tuesday, August 1 to “Hold”. The rating was maintained by Citigroup with “Neutral” on Monday, August 24. The company was maintained on Wednesday, September 6 by Jefferies. Jefferies maintained it with “Hold” rating and $7600 target in Thursday, June 1 report. The company was downgraded on Monday, July 31 by Needham. Moffett Nathanson downgraded Scripps Networks Interactive, Inc. (NASDAQ:SNI) on Tuesday, September 27 to “Sell” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $69 target in Monday, November 30 report. Goldman Sachs downgraded the stock to “Sell” rating in Monday, October 5 report. The rating was downgraded by Bank of America to “Underperform” on Thursday, October 27.

Analysts await Scripps Networks Interactive, Inc. (NASDAQ:SNI) to report earnings on February, 26 after the close. They expect $1.24 EPS, up 21.57% or $0.22 from last year’s $1.02 per share. SNI’s profit will be $161.10 million for 17.82 P/E if the $1.24 EPS becomes a reality. After $1.05 actual EPS reported by Scripps Networks Interactive, Inc. for the previous quarter, Wall Street now forecasts 18.10% EPS growth.

Ameritas Investment Partners Inc, which manages about $2.11 billion US Long portfolio, upped its stake in Cinemark Holdings Inc (NYSE:CNK) by 18,100 shares to 49,804 shares, valued at $1.71 million in 2017Q3, according to the filing. It also increased its holding in Mallinckrodt Pub Ltd Co (NYSE:MNK) by 27,080 shares in the quarter, for a total of 29,655 shares, and has risen its stake in Patterson Uti Energy Inc (NASDAQ:PTEN).

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