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Stock Performance Review on Application Software Industry -- Adobe Systems, Alarm.Com, Ansys, and Cadence Design SystemsNEW YORK, October 23, 2017 /PRNewswire/ -- If you want a Stock Review on ADBE, ALRM, ANSS, or CDNS then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. On Friday, the NASDAQ Composite ended the day at 6,629.05, up 0.36%; the Dow Jones Industrial Average edged 0.71% higher, to finish at 23,328.63; and the S&P 500 closed at 2,575.21, marginally gaining 0.51%. Gains were broad based as eight out of nine sectors finished the trading session in green. DailyStockTracker.com has initiated research reports on the following Application Software stocks: Adobe Systems Inc. (NASDAQ: ADBE), Alarm.Com Holdings Inc. (NASDAQ: ALRM), Ansys Inc. (NASDAQ: ANSS), and Cadence Design Systems Inc. (NASDAQ: CDNS). Daily Stock Tracker published comprehensive and free research reports on these stocks today at: http://dailystocktracker.com/register/ Adobe Systems San Jose, California headquartered Adobe Systems Inc.'s stock finished Friday's session 2.28% higher at $175.64 with a total trading volume of 6.01 million shares. The stock has gained 17.64% in the past month, 17.46% over the past three months, 61.09% in the previous twelve months, and 70.61% since the start of this year. The Company are trading above their 50-day and 200-day moving averages by 15.73% and 28.99%, respectively. Moreover, shares of Adobe Systems, which operates as a diversified software company worldwide, have a Relative Strength Index (RSI) of 81.94. On October 19th, 2017, research firm Pivotal Research Group upgraded the Company's stock rating from 'Sell' to 'Hold', with a target price of $160 per share. ADBE complete research report is just a click away and free at: http://dailystocktracker.com/registration/?symbol=ADBE
Shares in Tysons, Virginia headquartered Alarm.Com Holdings Inc. rose 0.84%, ending last Friday's session at $47.91 with a total trading volume of 186,022 shares. The stock has gained 26.88% in the previous three months, 61.91% over the past twelve months, and 72.15% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 6.26% and 34.36%, respectively. Moreover, shares of Alarm.Com, which provides cloud-based software platform solutions for the smart homes and businesses in the US and internationally, have an RSI of 58.81. On October 06th, 2017, research firm Jefferies initiated a 'Hold' rating on the Company's stock, with a target price of $43 per share. The complimentary report on ALRM can be downloaded at:
Ansys On Friday, Canonsburg, Pennsylvania headquartered Ansys Inc.'s stock saw an increase of .81%, to close the day at $130.94. A total volume of 416,140 shares was traded. The Company's shares have advanced 43.59% over the last twelve months and 41.57% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.69% and 13.18%, respectively. Additionally, shares of Ansys, which develops and markets engineering simulation software and services used by engineers, designers, researchers, and students in the aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors industries and academia worldwide, have an RSI of 66.35. Sign up for your complimentary research report on ANSS at: http://dailystocktracker.com/registration/?symbol=ANSS
Shares in San Jose, California headquartered Cadence Design Systems Inc. ended the day 1.12% higher at $42.28. A total volume of 1.86 million shares was traded. The stock has gained 10.02% in the last one month, 20.56% in the previous three months, 63.75% over the last twelve months, and 67.64% since the start of this year. The Company's shares are trading above their 50-day and 200-day moving averages by 8.88% and 25.25%, respectively. Furthermore, shares of Cadence Design Systems, which provides electronic design automation software, emulation and prototyping hardware, system interconnect, and analysis worldwide, have an RSI of 80.06. On October 11th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $39 a share to $45 a share. Get free access to your research report on CDNS at: http://dailystocktracker.com/registration/?symbol=CDNS -- Daily Stock Tracker: Daily Stock Tracker (DST) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. DST has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. DST has not been compensated; directly or indirectly; for producing or publishing this document. PRESS RELEASE PROCEDURES: The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by DST. DST is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. NO WARRANTY DST, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. DST, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, DST, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. NOT AN OFFERING This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither DST nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://dailystocktracker.com/disclaimer/ CONTACT CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. SOURCE dailystocktracker.com 
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