Stephens Investment Management Group Has Cut Its Cadence Design System (CDNS) Position; Spears Abacus Advisors Has Decreased By $1.08 Million Its Mattel (MAT) Stake

May 20, 2018 - By David Stenberg

Cadence Design Systems, Inc. (NASDAQ:CDNS) Logo

Stephens Investment Management Group Llc decreased Cadence Design System Inc (CDNS) stake by 3.87% reported in 2017Q4 SEC filing. Stephens Investment Management Group Llc sold 30,537 shares as Cadence Design System Inc (CDNS)’s stock declined 13.87%. The Stephens Investment Management Group Llc holds 758,420 shares with $31.72 million value, down from 788,957 last quarter. Cadence Design System Inc now has $11.84B valuation. The stock increased 0.67% or $0.28 during the last trading session, reaching $41.8. About 1.83M shares traded. Cadence Design Systems, Inc. (NASDAQ:CDNS) has risen 14.90% since May 20, 2017 and is uptrending. It has outperformed by 3.35% the S&P500.

Spears Abacus Advisors Llc decreased Mattel Inc (MAT) stake by 7.42% reported in 2017Q4 SEC filing. Spears Abacus Advisors Llc sold 72,130 shares as Mattel Inc (MAT)’s stock declined 16.73%. The Spears Abacus Advisors Llc holds 900,190 shares with $13.85 million value, down from 972,320 last quarter. Mattel Inc now has $5.21B valuation. The stock decreased 0.92% or $0.14 during the last trading session, reaching $15.14. About 3.30 million shares traded. Mattel, Inc. (NASDAQ:MAT) has declined 47.58% since May 20, 2017 and is downtrending. It has underperformed by 59.13% the S&P500.

Since December 11, 2017, it had 0 buys, and 12 insider sales for $14.77 million activity. Shares for $27,120 were sold by WALL JOHN M. The insider TAN LIP BU sold 100,000 shares worth $4.35 million. On Tuesday, May 1 DEVGAN ANIRUDH sold $1.58 million worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) or 39,780 shares. SHOVEN JOHN B sold $2.25M worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) on Monday, January 8. ZAMAN ANEEL sold $1.75 million worth of stock.

Among 10 analysts covering Cadence Design Systems Inc (NASDAQ:CDNS), 6 have Buy rating, 1 Sell and 3 Hold. Therefore 60% are positive. Cadence Design Systems Inc had 29 analyst reports since July 29, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the shares of CDNS in report on Sunday, November 26 with “Hold” rating. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) earned “Buy” rating by RBC Capital Markets on Friday, May 26. The company was maintained on Tuesday, April 24 by JP Morgan. RBC Capital Markets maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) on Wednesday, July 5 with “Buy” rating. As per Tuesday, June 14, the company rating was downgraded by Needham. The stock has “Neutral” rating by Credit Suisse on Wednesday, October 19. Needham maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) on Friday, October 27 with “Hold” rating. The rating was downgraded by JP Morgan to “Underweight” on Monday, December 12. Northland Capital maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) on Tuesday, October 27 with “Outperform” rating. DA Davidson upgraded Cadence Design Systems, Inc. (NASDAQ:CDNS) on Thursday, February 4 to “Buy” rating.

Stephens Investment Management Group Llc increased Electronic Arts Inc (NASDAQ:EA) stake by 48,408 shares to 199,885 valued at $21.00M in 2017Q4. It also upped Firstcash Inc stake by 168,081 shares and now owns 395,690 shares. Athenahealth Inc (NASDAQ:ATHN) was raised too.

Analysts await Cadence Design Systems, Inc. (NASDAQ:CDNS) to report earnings on July, 23. They expect $0.23 EPS, down 8.00% or $0.02 from last year’s $0.25 per share. CDNS’s profit will be $65.14 million for 45.43 P/E if the $0.23 EPS becomes a reality. After $0.26 actual EPS reported by Cadence Design Systems, Inc. for the previous quarter, Wall Street now forecasts -11.54% negative EPS growth.

Investors sentiment increased to 1.59 in 2017 Q4. Its up 0.23, from 1.36 in 2017Q3. It increased, as 18 investors sold CDNS shares while 111 reduced holdings. 72 funds opened positions while 133 raised stakes. 235.53 million shares or 0.57% more from 234.20 million shares in 2017Q3 were reported. Gp One Trading Limited Partnership, Illinois-based fund reported 596 shares. 411,004 are owned by Gateway Investment Advisers Limited Liability Corporation. Cornerstone Cap Mgmt reported 115,848 shares stake. Mitsubishi Ufj And Banking Corp stated it has 0.05% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Bridgeway Cap Mgmt accumulated 267,300 shares. The Georgia-based Advisory Lc has invested 0% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Tiverton Asset Management Ltd Co reported 4,716 shares. Sumitomo Life holds 0.23% in Cadence Design Systems, Inc. (NASDAQ:CDNS) or 43,387 shares. Los Angeles Capital Mngmt & Equity Rech holds 113,007 shares or 0.03% of its portfolio. Vident Inv Advisory Ltd Co has invested 0.82% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Northern reported 0.04% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS). Brown Brothers Harriman Company holds 0% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 90 shares. Cambridge Fin Inc, a Ohio-based fund reported 152,963 shares. Covington Capital Mngmt holds 1,500 shares. Pacad Invest Limited reported 8,900 shares.

More notable recent Mattel, Inc. (NASDAQ:MAT) news were published by: Livetradingnews.com which released: “Mattel, Inc. (NASDAQ:MAT) Bearish Divergence” on May 16, 2018, also Seekingalpha.com with their article: “Mattel, Inc.: Glass Half Full?” published on May 13, 2018, Seekingalpha.com published: “Mattel: Turnaround Play” on April 25, 2018. More interesting news about Mattel, Inc. (NASDAQ:MAT) were released by: Nasdaq.com and their article: “Mattel Shows Signs of Life After Sales Beat” published on May 10, 2018 as well as Benzinga.com‘s news article titled: “Benzinga Pro’s 5 Stocks To Watch Today” with publication date: May 18, 2018.

Analysts await Mattel, Inc. (NASDAQ:MAT) to report earnings on July, 26. They expect $-0.30 earnings per share, down 114.29% or $0.16 from last year’s $-0.14 per share. After $-0.60 actual earnings per share reported by Mattel, Inc. for the previous quarter, Wall Street now forecasts -50.00% EPS growth.

Investors sentiment increased to 0.84 in Q4 2017. Its up 0.05, from 0.79 in 2017Q3. It is positive, as 74 investors sold MAT shares while 118 reduced holdings. 63 funds opened positions while 98 raised stakes. 385.05 million shares or 7.21% more from 359.18 million shares in 2017Q3 were reported. Sun Life Finance Incorporated has invested 0% of its portfolio in Mattel, Inc. (NASDAQ:MAT). Manufacturers Life The invested in 366,496 shares or 0.01% of the stock. Wells Fargo And Company Mn reported 980,248 shares. Deutsche Bank Ag holds 0.01% of its portfolio in Mattel, Inc. (NASDAQ:MAT) for 705,423 shares. Jpmorgan Chase And Communications accumulated 500,477 shares. Cornerstone Cap Hldgs Lc holds 64,625 shares. Ameriprise Fin holds 0.01% of its portfolio in Mattel, Inc. (NASDAQ:MAT) for 954,554 shares. 29,812 are held by Ing Groep Nv. Daiwa Securities Grp stated it has 9,504 shares. Moreover, Asset Mgmt Inc has 0.03% invested in Mattel, Inc. (NASDAQ:MAT) for 13,501 shares. Mutual Of America Cap Management Ltd Liability Co owns 36,791 shares. Cubist Systematic Strategies Ltd Liability Company invested 0% in Mattel, Inc. (NASDAQ:MAT). World Asset Mgmt holds 31,509 shares or 0.02% of its portfolio. 106,230 were reported by Td Asset Management. Guggenheim Lc reported 2.22 million shares or 0.08% of all its holdings.

Cadence Design Systems, Inc. (NASDAQ:CDNS) Institutional Positions Chart

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