Destination Wealth Management Upped Clorox Co Del (CLX) Position By $393,547; Cadence Design Systems (CDNS) Shorts Down By 23.53%

December 7, 2017 - By Adrian Mccoy

Cadence Design Systems Incorporated (NASDAQ:CDNS) had a decrease of 23.53% in short interest. CDNS’s SI was 5.01M shares in December as released by FINRA. Its down 23.53% from 6.56M shares previously. With 2.03 million avg volume, 3 days are for Cadence Design Systems Incorporated (NASDAQ:CDNS)’s short sellers to cover CDNS’s short positions. The SI to Cadence Design Systems Incorporated’s float is 1.82%. The stock increased 0.54% or $0.23 during the last trading session, reaching $42.9. About 2.09 million shares traded. Cadence Design Systems, Inc. (NASDAQ:CDNS) has risen 37.90% since December 7, 2016 and is uptrending. It has outperformed by 21.20% the S&P500.

Destination Wealth Management increased Clorox Co Del (CLX) stake by 9.79% reported in 2017Q2 SEC filing. Destination Wealth Management acquired 2,959 shares as Clorox Co Del (CLX)’s stock declined 1.16%. The Destination Wealth Management holds 33,184 shares with $4.42 million value, up from 30,225 last quarter. Clorox Co Del now has $18.70B valuation. The stock increased 0.27% or $0.39 during the last trading session, reaching $145.05. About 839,082 shares traded. The Clorox Company (NYSE:CLX) has risen 1.68% since December 7, 2016 and is uptrending. It has underperformed by 15.02% 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 24 analyst reports since July 29, 2015 according to SRatingsIntel. As per Monday, June 6, the company rating was initiated by RBC Capital Markets. RBC Capital Markets maintained the shares of CDNS in report on Tuesday, October 27 with “Outperform” rating. The firm has “Buy” rating given on Thursday, February 4 by DA Davidson. The firm has “Neutral” rating by DA Davidson given on Wednesday, April 6. The rating was upgraded by DA Davidson to “Buy” on Monday, October 10. The firm has “Outperform” rating by Northland Capital given on Thursday, November 19. Needham maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) on Friday, October 27 with “Hold” rating. Needham maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) rating on Tuesday, October 27. Needham has “Buy” rating and $24 target. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) has “Hold” rating given on Thursday, October 8 by Benchmark. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) earned “Buy” rating by RBC Capital Markets on Friday, May 26.

Investors sentiment decreased to 1.09 in Q2 2017. Its down 0.08, from 1.17 in 2017Q1. It fall, as 40 investors sold Cadence Design Systems, Inc. shares while 112 reduced holdings. 52 funds opened positions while 114 raised stakes. 233.59 million shares or 0.91% less from 235.74 million shares in 2017Q1 were reported. 16,833 are owned by Walleye Trading Llc. Hsbc Holdings Pcl invested 0% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Airain Limited reported 87,928 shares. Great West Life Assurance Can holds 0.04% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 429,600 shares. Omers Administration stated it has 0.03% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Cubist Systematic Strategies Ltd Liability Company holds 17,301 shares or 0.04% of its portfolio. Camelot Portfolios Lc reported 9,402 shares. California-based Parallax Volatility Advisers Ltd Partnership has invested 0% in Cadence Design Systems, Inc. (NASDAQ:CDNS). M&T Bankshares invested in 19,367 shares. Dnb Asset Mngmt As has invested 0% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Moreover, Pitcairn has 0.18% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). Moreover, Principal Financial Grp Inc has 0.04% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). 122,768 are owned by Meeder Asset Mngmt Incorporated. Thomas White Limited has invested 0.34% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS). Laurion Capital Management Ltd Partnership holds 52,300 shares.

Since June 15, 2017, it had 0 insider buys, and 1 sale for $3.40 million activity. 100,000 shares were sold by TAN LIP BU, worth $3.40 million.

Cadence Design Systems, Inc. provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis worldwide. The company has market cap of $12.11 billion. It offers functional verification, including emulation and prototyping hardware. It has a 46.73 P/E ratio. The Company’s functional verification offering consists of JasperGold, a formal verification platform; Incisive, a functional verification platform; and Palladium, a verification computing platform.

Among 15 analysts covering The Clorox Company (NYSE:CLX), 3 have Buy rating, 2 Sell and 10 Hold. Therefore 20% are positive. The Clorox Company had 41 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was reinitiated by Wells Fargo with “Market Perform” on Tuesday, November 15. On Wednesday, May 4 the stock rating was maintained by JP Morgan with “Underweight”. Jefferies maintained The Clorox Company (NYSE:CLX) rating on Tuesday, September 5. Jefferies has “Hold” rating and $137.0 target. Barclays Capital maintained The Clorox Company (NYSE:CLX) rating on Wednesday, October 7. Barclays Capital has “Underweight” rating and $105 target. The firm has “Hold” rating by RBC Capital Markets given on Friday, June 30. The stock of The Clorox Company (NYSE:CLX) has “Outperform” rating given on Friday, November 10 by Consumer Edge Research. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 5 report. Barclays Capital maintained the stock with “Equal-Weight” rating in Friday, August 4 report. The rating was downgraded by Sterne Agee CRT on Friday, February 26 to “Neutral”. On Tuesday, October 3 the stock rating was maintained by BMO Capital Markets with “Buy”.

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