As Adobe Systems Delaware (ADBE) Stock Price Declined, Shareholder Hendley & Co Decreased Stake by $2.29 Million; Dodge & Cox Has Cut Its Cadence Design Systems (CDNS) Stake by $643,275; Shares Declined

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Hendley & Co Inc decreased its stake in Adobe Systems Inc Delaware (ADBE) by 34.61% based on its latest 2018Q3 regulatory filing with the SEC. Hendley & Co Inc sold 8,512 shares as the company’s stock declined 8.02% with the market. The institutional investor held 16,080 shares of the prepackaged software company at the end of 2018Q3, valued at $4.34M, down from 24,592 at the end of the previous reported quarter. Hendley & Co Inc who had been investing in Adobe Systems Inc Delaware for a number of months, seems to be less bullish one the $126.88 billion market cap company. The stock decreased 0.47% or $1.22 during the last trading session, reaching $260.15. About 1.55 million shares traded. Adobe Inc. (NASDAQ:ADBE) has risen 39.79% since February 13, 2018 and is uptrending. It has outperformed by 39.79% the S&P500. Some Historical ADBE News: 26/03/2018 – Adobe Presenting at Adobe Summit Tomorrow; 21/05/2018 – Adobe: Magento CEO Mark Lavelle to Continue to Lead Magento Team as Part of Adobe’s Digital Experience Business; 28/03/2018 – Adobe and NVIDIA Announce Partnership to Deliver New Al Services for Creativity and Digital Experiences; 14/05/2018 – Pegasystems Appoints Rupen Shah as Vice President of Independent Software Vendor Alliances and Strategy; 27/03/2018 – ADOBE TO BOOST MARKETING ANALYTICS WITH MORE APP INTEGRATIONS; 26/03/2018 – EPAM Showcases Solutions at Adobe Summit That Accelerate Time to Market and Drive Revenue; 23/03/2018 – Branch Becomes Premier Level Partner in Adobe Exchange Partner Program to Drive Digital Experience and Measurement Innovations for Enterprise Marketers; 27/03/2018 – Search Discovery Releases New Tools to Optimize the Adobe Launch Experience; 21/05/2018 – ADOBE SYSTEMS INC – NEW PROGRAM NOT EXPECTED TO HAVE A MATERIAL IMPACT ON COMPANY’S FISCAL YEAR 2018 EARNINGS; 27/03/2018 – ADOBE PREDICTS BOOST FROM LARGE GROWTH IN CREATIVE JOBS

Dodge & Cox decreased its stake in Cadence Design Systems Inc (CDNS) by 2.93% based on its latest 2018Q3 regulatory filing with the SEC. Dodge & Cox sold 14,295 shares as the company’s stock declined 6.69% with the market. The institutional investor held 473,505 shares of the technology company at the end of 2018Q3, valued at $21.46 million, down from 487,800 at the end of the previous reported quarter. Dodge & Cox who had been investing in Cadence Design Systems Inc for a number of months, seems to be less bullish one the $14.49B market cap company. The stock decreased 1.48% or $0.77 during the last trading session, reaching $51.36. About 1.58 million shares traded. Cadence Design Systems, Inc. (NASDAQ:CDNS) has declined 0.39% since February 13, 2018 and is downtrending. It has underperformed by 0.39% the S&P500. Some Historical CDNS News: 23/04/2018 – CADENCE DESIGN 1Q ADJ EPS 44C, EST. 37C; 23/04/2018 – Cadence Design Systems Raising Outlook for Year on Strong 1Q and Continuing Momentu; 23/04/2018 – Cadence Design Systems Sees 2018 EPS 86c-EPS 94c; 29/03/2018 – Tinker Federal Credit Union Selects Mortgage Cadence as Best-In-Class Technology Partner; 23/04/2018 – CADENCE DESIGN SYSTEMS INC – SEES 2018 NON-GAAP SHR $1.57 TO $1.65; 16/03/2018 – S&PGR Upgrades Cadence Design Systems To ‘BBB’; Outlook Stable; 24/04/2018 – Cadence Design Closes Above 200-Day Moving Average: Technicals; 23/04/2018 – CADENCE DESIGN SYSTEMS INC – QTRLY NON-GAAP SHR $0.40; 20/04/2018 – DJ Cadence Design Systems Inc, Inst Holders, 1Q 2018 (CDNS); 14/05/2018 – Cadence Capital Buys New 1.7% Position in TransAct Technologies

More notable recent Cadence Design Systems, Inc. (NASDAQ:CDNS) news were published by: Nasdaq.com which released: “First Week of December 21st Options Trading For Cadence Design Systems (CDNS) – Nasdaq” on October 30, 2018, also Investorplace.com with their article: “20 Nasdaq-100 Stocks That Will Heat Up 2H18 – Investorplace.com” published on June 15, 2018, Nasdaq.com published: “Verint’s Foresee Acquisition to Strengthen VoC Portfolio – Nasdaq” on December 19, 2018. More interesting news about Cadence Design Systems, Inc. (NASDAQ:CDNS) were released by: Investorplace.com and their article: “3 Stocks to Watch on Tuesday: Apple Inc. (AAPL), Cadence Design Systems Inc (CDNS) and SLM (SLM) – Investorplace.com” published on April 24, 2018 as well as Nasdaq.com‘s news article titled: “Dell Gains Approval to Repurchase VMware (VMW) Tracking Stock – Nasdaq” with publication date: December 12, 2018.

Dodge & Cox, which manages about $130.72B US Long portfolio, upped its stake in Wells Fargo & Co (NYSE:WFC) by 115,760 shares to 79.85M shares, valued at $4.20B in 2018Q3, according to the filing. It also increased its holding in Cemex Sab De Cv (NYSE:CX) by 543,765 shares in the quarter, for a total of 125.71 million shares, and has risen its stake in Halliburton Co (NYSE:HAL).

Since August 15, 2018, it had 0 insider purchases, and 8 sales for $18.18 million activity. DEVGAN ANIRUDH sold $936,406 worth of stock. On Monday, September 17 the insider TAN LIP BU sold $252,146. Cowie James J also sold $2.76M worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) on Thursday, October 25. The insider BECKLEY THOMAS P sold 23,208 shares worth $1.11M. 32,995 shares were sold by ZAMAN ANEEL, worth $1.47M.

Among 11 analysts covering Cadence Design Systems Inc (NASDAQ:CDNS), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Cadence Design Systems Inc had 33 analyst reports since July 29, 2015 according to SRatingsIntel. The company was upgraded on Thursday, February 4 by DA Davidson. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, October 27. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) earned “Neutral” rating by Credit Suisse on Wednesday, October 19. On Tuesday, April 24 the stock rating was maintained by JP Morgan with “Underweight”. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, August 31. Benchmark initiated it with “Hold” rating and $22 target in Thursday, October 8 report. Northland Capital maintained Cadence Design Systems, Inc. (NASDAQ:CDNS) on Thursday, November 19 with “Outperform” rating. The rating was maintained by Needham on Thursday, September 14 with “Hold”. The firm has “Outperform” rating given on Tuesday, October 27 by Northland Capital. As per Tuesday, October 27, the company rating was maintained by Topeka Capital Markets.

Investors sentiment increased to 1.23 in Q3 2018. Its up 0.38, from 0.85 in 2018Q2. It is positive, as 18 investors sold CDNS shares while 128 reduced holdings. 61 funds opened positions while 118 raised stakes. 236.02 million shares or 1.69% less from 240.08 million shares in 2018Q2 were reported. 8,566 are held by Caxton Assoc Lp. Massachusetts-based Rampart Invest Mgmt Co Limited Company has invested 0.06% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Bancorp Of Mellon Corp invested 0.03% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS). Clinton Group has invested 0.38% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Bbr Partners Lc stated it has 39,100 shares. Aperio Group Ltd Liability Com has 310,451 shares for 0.06% of their portfolio. State Of Wisconsin Inv Board owns 309,673 shares. Pennsylvania-based Orrstown Fincl Incorporated has invested 0.01% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Cadence Mngmt, a Massachusetts-based fund reported 29,032 shares. First Allied Advisory Ser has invested 0.03% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Liberty Mutual Asset reported 11,268 shares. Sector Pension Inv Board invested in 43,900 shares. 44,626 are owned by Meeder Asset Mngmt Inc. Van Eck Assocs holds 531,484 shares. Nomura Asset Mgmt Ltd invested in 47,059 shares.

Hendley & Co Inc, which manages about $216.47 million and $203.38M US Long portfolio, upped its stake in Texas Instruments Inc (NASDAQ:TXN) by 4,018 shares to 60,805 shares, valued at $6.52 million in 2018Q3, according to the filing.

Among 41 analysts covering Adobe Systems (NASDAQ:ADBE), 27 have Buy rating, 0 Sell and 14 Hold. Therefore 66% are positive. Adobe Systems had 185 analyst reports since August 11, 2015 according to SRatingsIntel. On Wednesday, September 21 the stock rating was maintained by Pacific Crest with “Overweight”. The stock of Adobe Inc. (NASDAQ:ADBE) has “Hold” rating given on Friday, June 16 by Morgan Stanley. Piper Jaffray maintained Adobe Inc. (NASDAQ:ADBE) on Sunday, August 6 with “Buy” rating. The stock of Adobe Inc. (NASDAQ:ADBE) earned “Outperform” rating by BMO Capital Markets on Friday, June 15. The company was maintained on Friday, March 18 by Goldman Sachs. The stock of Adobe Inc. (NASDAQ:ADBE) has “Buy” rating given on Tuesday, March 13 by Bank of America. Pivotal Research upgraded the shares of ADBE in report on Thursday, October 19 to “Hold” rating. As per Friday, December 11, the company rating was maintained by RBC Capital Markets. The firm has “Outperform” rating by Cowen & Co given on Friday, June 24. Robert W. Baird maintained the shares of ADBE in report on Tuesday, May 22 with “Buy” rating.

Since August 15, 2018, it had 2 buys, and 13 sales for $107.07 million activity. Another trade for 3,000 shares valued at $720,480 was made by Lewnes Ann on Wednesday, January 30. Morris Donna also sold $3.45 million worth of Adobe Inc. (NASDAQ:ADBE) on Friday, February 1. $7.39 million worth of Adobe Inc. (NASDAQ:ADBE) was sold by Rencher Bradley on Thursday, January 31. 41,560 Adobe Inc. (NASDAQ:ADBE) shares with value of $10.19 million were sold by THOMPSON MATTHEW. The insider NARAYEN SHANTANU sold 139,834 shares worth $34.32 million. Ricks David A bought $19,607 worth of stock.

Analysts await Adobe Inc. (NASDAQ:ADBE) to report earnings on March, 21. They expect $1.26 earnings per share, down 1.56% or $0.02 from last year’s $1.28 per share. ADBE’s profit will be $614.54 million for 51.62 P/E if the $1.26 EPS becomes a reality. After $1.50 actual earnings per share reported by Adobe Inc. for the previous quarter, Wall Street now forecasts -16.00% negative EPS growth.

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