Copper Rock Capital Partners Has Raised Its Waters (WAT) Holding; Cadence Design Systems (CDNS) Shorts Up By 1.05%

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

Copper Rock Capital Partners Llc increased Waters Corp (WAT) stake by 29.35% reported in 2018Q1 SEC filing. Copper Rock Capital Partners Llc acquired 14,785 shares as Waters Corp (WAT)’s stock declined 8.54%. The Copper Rock Capital Partners Llc holds 65,152 shares with $12.94 million value, up from 50,367 last quarter. Waters Corp now has $15.17 billion valuation. The stock increased 1.44% or $2.74 during the last trading session, reaching $193.67. About 464,317 shares traded. Waters Corporation (NYSE:WAT) has risen 6.75% since May 31, 2017 and is uptrending. It has underperformed by 5.82% the S&P500.

Cadence Design Systems Inc (NASDAQ:CDNS) had an increase of 1.05% in short interest. CDNS’s SI was 6.07 million shares in May as released by FINRA. Its up 1.05% from 6.01M shares previously. With 3.15 million avg volume, 2 days are for Cadence Design Systems Inc (NASDAQ:CDNS)’s short sellers to cover CDNS’s short positions. The SI to Cadence Design Systems Inc’s float is 2.18%. The stock increased 0.36% or $0.15 during the last trading session, reaching $42.16. About 1.80 million shares traded. Cadence Design Systems, Inc. (NASDAQ:CDNS) has risen 21.52% since May 31, 2017 and is uptrending. It has outperformed by 8.95% the S&P500.

Investors sentiment decreased to 1.05 in 2018 Q1. Its down 0.54, from 1.59 in 2017Q4. It dropped, as 39 investors sold Cadence Design Systems, Inc. shares while 127 reduced holdings. 50 funds opened positions while 125 raised stakes. 235.18 million shares or 0.15% less from 235.53 million shares in 2017Q4 were reported. Fukoku Mutual Life Ins stated it has 0.03% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS). Bank Of Montreal Can invested in 3.10M shares or 0.1% of the stock. State Of Tennessee Treasury Department invested in 0.01% or 67,923 shares. 370,446 are owned by Toronto Dominion Bancorp. Goldman Sachs Gru owns 4.74M shares for 0.04% of their portfolio. Citigroup has 216,894 shares. One Trading Lp stated it has 2,214 shares. Rampart Mgmt Ltd Liability Corporation stated it has 13,545 shares or 0.05% of all its holdings. Accredited Invsts has 0.1% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 9,942 shares. Herald Invest Management Ltd reported 25,000 shares or 0.27% of all its holdings. Commonwealth Of Pennsylvania Pub School Empls Retrmt, Pennsylvania-based fund reported 25,311 shares. Exxonmobil Invest Inc Tx invested 0.05% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS). Advisory Svcs Ntwk Ltd Llc invested in 0% or 961 shares. First Advsr L P holds 0.22% or 2.61M shares. Oppenheimer Asset Mgmt, a New York-based fund reported 18,650 shares.

Since December 11, 2017, it had 0 insider purchases, and 12 sales for $14.77 million activity. $4.35M worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) was sold by TAN LIP BU. Another trade for 750 shares valued at $27,120 was sold by WALL JOHN M. DEVGAN ANIRUDH also sold $1.54 million worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) on Thursday, March 1. 50,000 shares were sold by SHOVEN JOHN B, worth $2.25 million on Monday, January 8. The insider ZAMAN ANEEL sold $1.75 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 $11.94 billion. It offers functional verification, including emulation and prototyping hardware. It has a 57.75 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 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. DA Davidson upgraded it to “Buy” rating and $25 target in Thursday, February 4 report. The firm earned “Buy” rating on Tuesday, July 25 by Bank of America. The stock has “Hold” rating by Needham on Thursday, September 14. DA Davidson downgraded the stock to “Neutral” rating in Wednesday, April 6 report. Northland Capital maintained the stock with “Outperform” rating in Tuesday, October 27 report. On Tuesday, June 14 the stock rating was downgraded by Needham to “Hold”. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) earned “Buy” rating by RBC Capital Markets on Thursday, August 31. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) has “Hold” rating given on Friday, October 27 by Needham. Needham upgraded the stock to “Buy” rating in Tuesday, April 24 report. The rating was maintained by Needham with “Buy” on Tuesday, October 27.

Investors sentiment decreased to 0.9 in Q1 2018. Its down 0.23, from 1.13 in 2017Q4. It dropped, as 29 investors sold WAT shares while 185 reduced holdings. 51 funds opened positions while 142 raised stakes. 70.29 million shares or 2.51% less from 72.10 million shares in 2017Q4 were reported. Clearbridge Investments Ltd Liability Corporation owns 4,251 shares or 0% of their US portfolio. Fenimore Asset Inc has invested 2.25% in Waters Corporation (NYSE:WAT). Advisers Ltd Liability has invested 0.07% of its portfolio in Waters Corporation (NYSE:WAT). X Mngmt Co Ltd owns 4,898 shares. The Indiana-based Everence has invested 0.07% in Waters Corporation (NYSE:WAT). Beck Mack Oliver Ltd Liability Corporation invested 2.59% of its portfolio in Waters Corporation (NYSE:WAT). The New Jersey-based Bessemer Group Inc has invested 0.5% in Waters Corporation (NYSE:WAT). Credit Suisse Ag owns 127,158 shares. Sei Invests Com reported 56,731 shares or 0.04% of all its holdings. Renaissance Tech Ltd Liability Company reported 1.26M shares. Armstrong Henry H Associate accumulated 0.48% or 14,009 shares. Linscomb Williams Inc owns 2,727 shares. Norinchukin Retail Bank The accumulated 0.02% or 7,220 shares. Oakworth Cap holds 0.02% or 431 shares in its portfolio. Ameritas Investment Ptnrs invested in 1,638 shares or 0.02% of the stock.

Among 19 analysts covering Waters Corporation (NYSE:WAT), 7 have Buy rating, 0 Sell and 12 Hold. Therefore 37% are positive. Waters Corporation has $230 highest and $123 lowest target. $193.11’s average target is -0.29% below currents $193.67 stock price. Waters Corporation had 63 analyst reports since July 29, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, April 25 report. Goldman Sachs initiated Waters Corporation (NYSE:WAT) rating on Tuesday, September 26. Goldman Sachs has “Hold” rating and $180.0 target. Zacks upgraded it to “Hold” rating and $131 target in Wednesday, August 26 report. Jefferies maintained Waters Corporation (NYSE:WAT) on Friday, October 6 with “Hold” rating. Barclays Capital maintained the shares of WAT in report on Wednesday, July 27 with “Equalweight” rating. As per Wednesday, July 27, the company rating was maintained by Citigroup. The rating was maintained by Deutsche Bank on Wednesday, October 25 with “Hold”. The firm earned “Hold” rating on Thursday, August 31 by Jefferies. The firm has “Outperform” rating by William Blair given on Friday, January 6. Leerink Swann maintained Waters Corporation (NYSE:WAT) rating on Wednesday, October 28. Leerink Swann has “Market Perform” rating and $137 target.

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