Wellington Management Group Llp Increases Position in Simon Ppty Group New (SPG); Cadence Design System (CDNS) Shareholder 40 North Management Trimmed Its Holding as Valuation Rose

October 20, 2017 - By Peter Erickson

40 North Management Llc decreased its stake in Cadence Design System Inc (CDNS) by 38.36% based on its latest 2017Q2 regulatory filing with the SEC. 40 North Management Llc sold 2.82M shares as the company’s stock rose 8.54% with the market. The institutional investor held 4.54 million shares of the technology company at the end of 2017Q2, valued at $151.93M, down from 7.36 million at the end of the previous reported quarter. 40 North Management Llc who had been investing in Cadence Design System Inc for a number of months, seems to be less bullish one the $11.85 billion market cap company. The stock increased 1.12% or $0.47 during the last trading session, reaching $42.28. About 1.86 million shares traded. Cadence Design Systems Inc (NASDAQ:CDNS) has risen 37.90% since October 20, 2016 and is uptrending. It has outperformed by 21.20% the S&P500.

Wellington Management Group Llp increased its stake in Simon Ppty Group Inc New (SPG) by 8.98% based on its latest 2017Q2 regulatory filing with the SEC. Wellington Management Group Llp bought 50,834 shares as the company’s stock declined 12.82% while stock markets rallied. The institutional investor held 617,118 shares of the consumer services company at the end of 2017Q2, valued at $99.82 million, up from 566,284 at the end of the previous reported quarter. Wellington Management Group Llp who had been investing in Simon Ppty Group Inc New for a number of months, seems to be bullish on the $51.20 billion market cap company. The stock decreased 0.48% or $0.8 during the last trading session, reaching $164.72. About 1.30M shares traded. Simon Property Group Inc (NYSE:SPG) has declined 18.56% since October 20, 2016 and is downtrending. It has underperformed by 35.26% the S&P500.

Wellington Management Group Llp, which manages about $424.69B US Long portfolio, decreased its stake in First Bus Finl Svcs Inc Wis (NASDAQ:FBIZ) by 14,490 shares to 758,495 shares, valued at $17.51 million in 2017Q2, according to the filing. It also reduced its holding in Amc Networks Inc (NASDAQ:AMCX) by 6,861 shares in the quarter, leaving it with 14,570 shares, and cut its stake in Illumina Inc (Prn).

Investors sentiment is 0.76 in 2017 Q2. Its the same as in 2017Q1. It has no change, as 65 investors sold SPG shares while 244 reduced holdings. only 62 funds opened positions while 173 raised stakes. 298.66 million shares or 0.53% less from 300.27 million shares in 2017Q1 were reported. Kemper Corporation Master Retirement Trust has 9,747 shares. Comerica Bancshares reported 90,657 shares stake. Blair William And Il owns 3,501 shares or 0% of their US portfolio. Mirae Asset Global Investments Limited holds 0.02% or 5,864 shares in its portfolio. Toronto Dominion Bancshares stated it has 105,853 shares. 91,337 are held by Stevens Mgmt Ltd Partnership. Kcm Investment Limited Co holds 0.02% or 1,552 shares. Ccm Advisers Ltd reported 5,000 shares stake. Old Natl Savings Bank In accumulated 1,347 shares. Quadrant Capital Limited Liability holds 1.61% of its portfolio in Simon Property Group Inc (NYSE:SPG) for 12,689 shares. Stephens Ar accumulated 38,244 shares or 0.21% of the stock. 14,560 were accumulated by Menta Capital Ltd Company. Nuveen Asset Ltd accumulated 2.38 million shares or 2.47% of the stock. Lasalle Mngmt Securities Limited Liability Com invested 11.46% of its portfolio in Simon Property Group Inc (NYSE:SPG). Loeb Prns Corp stated it has 12,600 shares or 0.59% of all its holdings.

More notable recent Simon Property Group Inc (NYSE:SPG) news were published by: Nasdaq.com which released: “Simon Property (SPG) to Launch Retail Hub in November” on October 17, 2017, also Seekingalpha.com with their article: “Simon Property: Is There A Problem?” published on September 26, 2017, Seekingalpha.com published: “I Stand STRONG With Simon” on October 11, 2017. More interesting news about Simon Property Group Inc (NYSE:SPG) were released by: Seekingalpha.com and their article: “Buy Simon Property Group Before It Regains Its Premium Valuation” published on October 03, 2017 as well as Seekingalpha.com‘s news article titled: “Is Simon Property Group In Trouble?” with publication date: September 20, 2017.

Among 17 analysts covering Simon Property Group (NYSE:SPG), 12 have Buy rating, 0 Sell and 5 Hold. Therefore 71% are positive. Simon Property Group had 53 analyst reports since July 21, 2015 according to SRatingsIntel. Canaccord Genuity initiated Simon Property Group Inc (NYSE:SPG) on Wednesday, July 22 with “Buy” rating. On Friday, January 20 the stock rating was downgraded by SunTrust to “Hold”. The firm earned “Buy” rating on Monday, August 17 by Zacks. Barclays Capital maintained Simon Property Group Inc (NYSE:SPG) rating on Tuesday, July 18. Barclays Capital has “Overweight” rating and $188 target. Suntrust Robinson downgraded Simon Property Group Inc (NYSE:SPG) on Friday, January 20 to “Hold” rating. As per Monday, March 21, the company rating was maintained by Stifel Nicolaus. As per Friday, June 16, the company rating was maintained by Jefferies. The firm earned “Sector Perform” rating on Tuesday, August 2 by RBC Capital Markets. The stock of Simon Property Group Inc (NYSE:SPG) earned “Overweight” rating by Barclays Capital on Tuesday, August 8. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, August 5.

More notable recent Cadence Design Systems Inc (NASDAQ:CDNS) news were published by: Prnewswire.com which released: “Hiroshima University Research Team Accelerates the Development of a Computer …” on October 12, 2017, also Prnewswire.com with their article: “Cadence DFM Signoff Solutions Achieve Qualification for Samsung 28nm FD-SOI …” published on September 25, 2017, Prnewswire.com published: “Cadence Achieves TÃœV SÃœD’s First Comprehensive “Fit for Purpose – TCL1 …” on October 11, 2017. More interesting news about Cadence Design Systems Inc (NASDAQ:CDNS) were released by: Nasdaq.com and their article: “First Week of October 20th Options Trading For Cadence Design Systems (CDNS)” published on October 13, 2017 as well as Prnewswire.com‘s news article titled: “Cadence Design Systems Announces Third Quarter 2017 Financial Results Webcast” with publication date: October 06, 2017.

Investors sentiment decreased to 1.09 in 2017 Q2. Its down 0.08, from 1.17 in 2017Q1. It fall, as 40 investors sold CDNS 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. 40 North Mngmt Limited Liability Company invested in 4.54M shares or 21.78% of the stock. Toronto Dominion Financial Bank reported 3,425 shares. Amalgamated National Bank stated it has 0.06% in Cadence Design Systems Inc (NASDAQ:CDNS). Price T Rowe Assocs Inc Md has invested 0.02% of its portfolio in Cadence Design Systems Inc (NASDAQ:CDNS). Moreover, State Street Corp has 0.03% invested in Cadence Design Systems Inc (NASDAQ:CDNS) for 9.11 million shares. Quantitative Mngmt Limited Liability Co reported 44,000 shares. Crestpoint Ltd Liability Corp has 0.67% invested in Cadence Design Systems Inc (NASDAQ:CDNS) for 42,300 shares. 62,547 were accumulated by Cadence Capital Management Limited Liability Co. 238,483 are owned by Bnp Paribas Arbitrage. Pnc, a Pennsylvania-based fund reported 10,130 shares. Strs Ohio invested in 3,472 shares. North Star Inv Management invested in 765 shares or 0% of the stock. Beach Limited Liability Com reported 9,224 shares or 0.03% of all its holdings. Magnetar Lc has 45,873 shares for 0.03% of their portfolio. Credit Suisse Ag has invested 0.01% in Cadence Design Systems Inc (NASDAQ:CDNS).

40 North Management Llc, which manages about $1.76 billion and $697.65M US Long portfolio, upped its stake in Gcp Applied Technologies Inc by 259,417 shares to 5.11 million shares, valued at $155.97M in 2017Q2, according to the filing.

Since May 15, 2017, it had 0 insider buys, and 6 insider sales for $12.60 million activity. On Monday, May 22 the insider Cowie James J sold $1.83 million. The insider SHOVEN JOHN B sold 50,000 shares worth $1.70M. 100,000 shares valued at $3.31 million were sold by TAN LIP BU on Monday, May 15. ZAMAN ANEEL had sold 29,406 shares worth $959,087.

Among 9 analysts covering Cadence Design Systems Inc (NASDAQ:CDNS), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Cadence Design Systems Inc had 22 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating by Bank of America given on Tuesday, July 25. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, February 9 report. JP Morgan downgraded the shares of CDNS in report on Monday, December 12 to “Underweight” rating. The company was maintained on Tuesday, October 27 by Topeka Capital Markets. The firm has “Hold” rating given on Thursday, October 8 by Benchmark. As per Monday, October 10, the company rating was upgraded by DA Davidson. The firm earned “Outperform” rating on Thursday, November 19 by Northland Capital. The company was maintained on Friday, May 26 by RBC Capital Markets. Credit Suisse initiated Cadence Design Systems Inc (NASDAQ:CDNS) on Wednesday, October 19 with “Neutral” rating. The stock of Cadence Design Systems Inc (NASDAQ:CDNS) earned “Buy” rating by RBC Capital Markets on Wednesday, July 5.

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