As Cadence Design System (CDNS) Market Valuation Rose, Eaton Vance Management Increased by $3.66 Million Its Stake; Cabot-Wellington Cut Its Cabot (CBT) Stake by $314,600 as Stock Value Declined

February 16, 2018 - By Evgen Dobrzhanskiy

Cabot-Wellington Llc decreased its stake in Cabot (CBT) by 1.57% based on its latest 2017Q3 regulatory filing with the SEC. Cabot-Wellington Llc sold 5,720 shares as the company’s stock declined 11.34% while stock markets rallied. The hedge fund held 358,896 shares of the major chemicals company at the end of 2017Q3, valued at $20.03M, down from 364,616 at the end of the previous reported quarter. Cabot-Wellington Llc who had been investing in Cabot for a number of months, seems to be less bullish one the $3.98B market cap company. The stock decreased 0.39% or $0.25 during the last trading session, reaching $64.45. About 324,112 shares traded. Cabot Corporation (NYSE:CBT) has risen 15.44% since February 16, 2017 and is uptrending. It has underperformed by 1.26% the S&P500.

Eaton Vance Management increased its stake in Cadence Design System Inc (CDNS) by 22.06% based on its latest 2017Q3 regulatory filing with the SEC. Eaton Vance Management bought 93,760 shares as the company’s stock rose 8.54% with the market. The institutional investor held 518,734 shares of the technology company at the end of 2017Q3, valued at $20.47 million, up from 424,974 at the end of the previous reported quarter. Eaton Vance Management who had been investing in Cadence Design System Inc for a number of months, seems to be bullish on the $11.03 billion market cap company. The stock increased 1.14% or $0.44 during the last trading session, reaching $39.07. About 2.55 million shares traded or 3.59% up from the average. Cadence Design Systems, Inc. (NASDAQ:CDNS) has risen 37.90% since February 16, 2017 and is uptrending. It has outperformed by 21.20% the S&P500.

Among 11 analysts covering Cabot (NYSE:CBT), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Cabot had 25 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was maintained by KeyBanc Capital Markets on Wednesday, September 6 with “Hold”. The company was maintained on Friday, August 12 by Deutsche Bank. Jefferies maintained the shares of CBT in report on Thursday, February 8 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, August 2 by SunTrust. The firm earned “Hold” rating on Thursday, August 13 by Deutsche Bank. The firm has “Buy” rating by Jefferies given on Tuesday, October 10. The stock has “Neutral” rating by JP Morgan on Monday, March 14. The stock has “Buy” rating by SunTrust on Tuesday, December 19. Jefferies maintained the stock with “Buy” rating in Thursday, July 13 report. The firm has “Buy” rating given on Monday, February 12 by Northcoast.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.26, from 1.25 in 2017Q2. It turned negative, as 24 investors sold CBT shares while 89 reduced holdings. 32 funds opened positions while 80 raised stakes. 51.85 million shares or 0.30% more from 51.70 million shares in 2017Q2 were reported. Meeder Asset Mngmt Inc reported 1,519 shares. Thompson Rubinstein Invest Management Or has invested 0.09% of its portfolio in Cabot Corporation (NYSE:CBT). Piermont Capital Management stated it has 0.81% in Cabot Corporation (NYSE:CBT). Moreover, State Board Of Administration Of Florida Retirement has 0.01% invested in Cabot Corporation (NYSE:CBT). Thompson Davis & Co, Virginia-based fund reported 537 shares. Cornercap Investment Counsel Incorporated holds 0.23% or 29,950 shares in its portfolio. Tiaa Cref Invest Mngmt Ltd Liability Co invested 0% in Cabot Corporation (NYSE:CBT). Brandywine Global Inv Mgmt Ltd Limited Liability Company stated it has 218,961 shares. Federated Pa holds 35,827 shares. Tudor Investment Et Al stated it has 0.02% of its portfolio in Cabot Corporation (NYSE:CBT). Qs Ltd Company invested in 0% or 5,513 shares. Fifth Third Savings Bank reported 10,941 shares. Utah Retirement Sys has invested 0.01% in Cabot Corporation (NYSE:CBT). M&T Bank Corporation owns 0% invested in Cabot Corporation (NYSE:CBT) for 11,690 shares. Balyasny Asset Ltd Limited Liability Company owns 87,568 shares for 0.02% of their portfolio.

Since September 14, 2017, it had 0 insider buys, and 1 sale for $207,207 activity.

Cabot-Wellington Llc, which manages about $846.57M and $172.13M US Long portfolio, upped its stake in Ishares Core Msci Eafe (IEFA) by 20,414 shares to 458,080 shares, valued at $29.40M in 2017Q3, according to the filing.

Investors sentiment increased to 1.36 in 2017 Q3. Its up 0.27, from 1.09 in 2017Q2. It improved, as 32 investors sold CDNS shares while 105 reduced holdings. 71 funds opened positions while 115 raised stakes. 234.20 million shares or 0.26% more from 233.59 million shares in 2017Q2 were reported. First Allied Advisory Svcs Incorporated reported 0.02% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS). Zacks Inv Mngmt invested in 0.08% or 82,311 shares. Gotham Asset Mgmt Ltd Limited Liability Company has 0.05% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS). Nationwide Fund holds 0.01% in Cadence Design Systems, Inc. (NASDAQ:CDNS) or 78,886 shares. Proshare Limited owns 34,395 shares. Ameriprise Fin Inc holds 0.03% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 1.69M shares. 438,055 were accumulated by Principal Financial. The Illinois-based Thomas White Interest Limited has invested 0.32% in Cadence Design Systems, Inc. (NASDAQ:CDNS). World Asset Mgmt stated it has 0.03% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Voya Invest Management Ltd Liability Corporation has 178,813 shares for 0.02% of their portfolio. Bessemer Inc reported 0% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS). Louisiana State Employees Retirement Sys accumulated 0.24% or 128,300 shares. Wright Service Inc owns 0.37% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 25,838 shares. Riverhead Capital Ltd Company accumulated 0.05% or 27,558 shares. Envestnet Asset invested in 6,387 shares or 0% of the stock.

Since August 15, 2017, it had 0 insider buys, and 11 sales for $14.95 million activity. $2.25M worth of stock was sold by SHOVEN JOHN B on Monday, January 8. TAN LIP BU had sold 25,000 shares worth $1.12M. Shares for $32,963 were sold by WALL JOHN M on Monday, January 8. Cowie James J had sold 5,036 shares worth $187,376. Shares for $2.00M were sold by DEVGAN ANIRUDH.

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 26 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Needham with “Hold” on Friday, October 27. On Tuesday, June 14 the stock rating was downgraded by Needham to “Hold”. The stock has “Buy” rating by RBC Capital Markets on Wednesday, July 5. The rating was initiated by Credit Suisse with “Neutral” on Wednesday, October 19. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) has “Outperform” rating given on Tuesday, October 27 by RBC Capital Markets. The firm earned “Underweight” rating on Monday, December 12 by JP Morgan. The company was maintained on Tuesday, October 27 by Needham. The firm has “Buy” rating by RBC Capital Markets given on Friday, May 26. The firm earned “Buy” rating on Monday, October 10 by DA Davidson. The stock of Cadence Design Systems, Inc. (NASDAQ:CDNS) earned “Hold” rating by KeyBanc Capital Markets on Sunday, November 26.

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