Analyst Activity – Bank of America Corporation Raises Its Price Target On Cadence Design Systems (NASDAQ:CDNS) to $41.00

ME Staff
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Analyst Ratings For Cadence Design Systems (NASDAQ:CDNS)

Today, Bank of America Corporation raised its price target on Cadence Design Systems (NASDAQ:CDNS) to $41.00 per share.

There are 1 sell rating, 2 hold ratings, 2 buy ratings on the stock.

The current consensus rating on Cadence Design Systems (NASDAQ:CDNS) is Hold (Score: 2.20) with a consensus target price of $32.00 per share, a potential 12.66% downside.

Some recent analyst ratings include

  • 4/25/2017-DA Davidson was Downgraded by analysts at DA Davidson from a “Buy ” rating to a ” Neutral” rating.
  • 12/12/2016-J P Morgan Chase & Co was Downgraded by analysts at J P Morgan Chase & Co from a “Neutral ” rating to a ” Underweight” rating. They now have a $25.00 price target on the stock.
  • 10/19/2016-Credit Suisse Group initiated coverage with a Neutral rating.
  • 6/14/2016-Needham & Company LLC was Downgraded by analysts at Needham & Company LLC from a “Buy ” rating to a ” Hold” rating.

Recent Insider Trading Activity For Cadence Design Systems (NASDAQ:CDNS)
Cadence Design Systems (NASDAQ:CDNS) has insider ownership of 2.55% and institutional ownership of 86.35%.

  • On 7/19/2017 Thomas P Beckley, Insider, sold 56,250 with an average share price of $35.00 per share and the total transaction amounting to $1,968,750.00. View SEC Filing
  • On 7/17/2017 Lip Bu Tan, CEO, sold 100,000 with an average share price of $34.68 per share and the total transaction amounting to $3,468,000.00. View SEC Filing
  • On 6/15/2017 Lip Bu Tan, CEO, sold 100,000 with an average share price of $34.04 per share and the total transaction amounting to $3,404,000.00. View SEC Filing
  • On 5/23/2017 James J Cowie, VP, sold 55,000 with an average share price of $33.28 per share and the total transaction amounting to $1,830,400.00. View SEC Filing
  • On 5/23/2017 John B Shoven, Director, sold 50,000 with an average share price of $34.00 per share and the total transaction amounting to $1,700,000.00. View SEC Filing
  • On 5/22/2017 James J Cowie, VP, sold 44,000 with an average share price of $33.09 per share and the total transaction amounting to $1,455,960.00. View SEC Filing
  • On 5/19/2017 Aneel Zaman, Insider, sold 29,406 with an average share price of $32.62 per share and the total transaction amounting to $959,223.72. View SEC Filing

Recent Trading Activity for Cadence Design Systems (NASDAQ:CDNS)
Shares of Cadence Design Systems closed the previous trading session at 36.64 up +1.57 4.48% with 5,577,519 shares trading hands.