Patterson-UTI Energy, Inc. (PTEN) Trades at $22.59 After Triangle; Alkeon Capital Management Has Upped Cadence Design System (CDNS) Stake By $585,000

Patterson-UTI Energy, Inc. (PTEN) formed triangle with $21.23 target or 6.00% below today’s $22.59 share price. Patterson-UTI Energy, Inc. (PTEN) has $5.03 billion valuation. The stock decreased 1.65% or $0.38 during the last trading session, reaching $22.59. About 3.28 million shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since December 26, 2016 and is uptrending. It has outperformed by 16.21% the S&P500.

Alkeon Capital Management Llc increased Cadence Design System Inc (CDNS) stake by 0.26% reported in 2017Q3 SEC filing. Alkeon Capital Management Llc acquired 15,000 shares as Cadence Design System Inc (CDNS)’s stock rose 8.54%. The Alkeon Capital Management Llc holds 5.73 million shares with $226.01M value, up from 5.71M last quarter. Cadence Design System Inc now has $11.93B valuation. The stock decreased 0.52% or $0.22 during the last trading session, reaching $42.26. About 1.24M shares traded. Cadence Design Systems, Inc. (NASDAQ:CDNS) has risen 37.90% since December 26, 2016 and is uptrending. It has outperformed by 21.20% the S&P500.

Analysts await Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to report earnings on February, 8. They expect $-0.08 earnings per share, up 84.91% or $0.45 from last year’s $-0.53 per share. After $-0.16 actual earnings per share reported by Patterson-UTI Energy, Inc. for the previous quarter, Wall Street now forecasts -50.00% EPS growth.

Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 21 have Buy rating, 1 Sell and 9 Hold. Therefore 68% are positive. Patterson-UTI Energy Inc had 94 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Citigroup on Friday, March 18. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Buy” rating by J.P. Morgan on Tuesday, September 5. The firm has “Buy” rating given on Wednesday, April 5 by Nomura. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Neutral” rating by Credit Suisse on Wednesday, January 4. The stock has “Buy” rating by Evercore on Tuesday, June 6. The rating was downgraded by Credit Suisse to “Underperform” on Wednesday, June 1. The company was maintained on Friday, November 3 by RBC Capital Markets. Cowen & Co maintained the shares of PTEN in report on Wednesday, October 18 with “Hold” rating. The firm has “Neutral” rating by Macquarie Research given on Friday, January 8. The firm has “Underweight” rating given on Monday, April 18 by Stephens.

Investors sentiment decreased to 1.41 in Q3 2017. Its down 0.25, from 1.66 in 2017Q2. It dropped, as 40 investors sold Patterson-UTI Energy, Inc. shares while 64 reduced holdings. 30 funds opened positions while 117 raised stakes. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. Scout has invested 0.2% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Lord Abbett And Limited Liability Company has invested 0.09% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Metropolitan Life Insur Ny accumulated 360,965 shares. Castleark Limited Liability Company has invested 0.28% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Paloma Prtnrs Mgmt holds 79,076 shares or 0.02% of its portfolio. Raymond James Assoc reported 0.01% stake. Prelude Capital Management Ltd Liability owns 95,827 shares. Sterling Mgmt reported 82,108 shares or 0.02% of all its holdings. Millennium Management Limited Liability Co has invested 0.02% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Grace & White Incorporated New York holds 0.06% or 13,800 shares in its portfolio. Commonwealth Bank Of stated it has 901,658 shares or 0.18% of all its holdings. Public Employees Retirement Association Of Colorado has 35,440 shares. Affinity Investment Advsrs Limited Liability holds 0.17% or 69,722 shares. Cortina Asset Mgmt Ltd Liability Co has 0.87% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 1.02M shares. Raymond James Finance Advisors Inc stated it has 57,731 shares or 0.01% of all its holdings.

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 Tuesday, October 27, the company rating was maintained by RBC Capital Markets. The rating was downgraded by JP Morgan to “Underweight” on Monday, December 12. RBC Capital Markets maintained the shares of CDNS in report on Thursday, August 31 with “Buy” rating. As per Monday, October 10, the company rating was upgraded by DA Davidson. Topeka Capital Markets maintained it with “Buy” rating and $25 target in Tuesday, October 27 report. The firm earned “Neutral” rating on Wednesday, October 19 by Credit Suisse. The firm has “Outperform” rating given on Thursday, November 19 by Northland Capital. The firm earned “Neutral” rating on Wednesday, April 6 by DA Davidson. The stock has “Buy” rating by RBC Capital Markets on Wednesday, July 5. The rating was maintained by Northland Capital on Tuesday, October 27 with “Outperform”.

Since August 15, 2017, it had 0 insider purchases, and 9 sales for $14.57 million activity. Another trade for 5,000 shares valued at $184,400 was sold by RIBAR GEOFFREY G. Cowie James J had sold 5,036 shares worth $187,376. TAN LIP BU also sold $4.20 million worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) on Monday, October 16. WALL JOHN M sold $30,510 worth of Cadence Design Systems, Inc. (NASDAQ:CDNS) on Monday, October 9.

Alkeon Capital Management Llc decreased Ford Mtr Co Del (Call) (NYSE:F) stake by 10.00M shares to 5.00M valued at $59.85 million in 2017Q3. It also reduced Match Group Inc stake by 132,345 shares and now owns 865,330 shares. Costco Whsl Corp New (NASDAQ:COST) was reduced too.

Investors sentiment increased to 1.36 in Q3 2017. 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. Ferguson Wellman Capital Mgmt Inc stated it has 0.54% in Cadence Design Systems, Inc. (NASDAQ:CDNS). Moreover, Wells Fargo And Mn has 0% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 310,962 shares. Ativo Capital Mgmt Ltd Co holds 0.32% or 30,300 shares. First Tru Limited Partnership invested in 239,256 shares or 0.02% of the stock. Hightower Limited Liability Co holds 0.07% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 207,270 shares. Cleararc Cap Incorporated holds 7,200 shares. 2.19 million were accumulated by Commercial Bank Of New York Mellon. Alps Advsr Inc reported 0% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS). Nationwide Fund Advsrs invested in 0.01% or 78,886 shares. 11,600 were reported by Zweig. Goldman Sachs Group Inc owns 0.06% invested in Cadence Design Systems, Inc. (NASDAQ:CDNS) for 5.89M shares. Ls Advisors Ltd reported 14,259 shares. Natixis has invested 0.14% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS). British Columbia Invest Mgmt owns 87,818 shares for 0.03% of their portfolio. Ellington Limited Liability Co has invested 0.04% of its portfolio in Cadence Design Systems, Inc. (NASDAQ:CDNS).