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Stock Performance Review on Application Software Industry -- Adobe Systems, Alarm.Com, Ansys, and Cadence Design Systems
[October 23, 2017]

Stock Performance Review on Application Software Industry -- Adobe Systems, Alarm.Com, Ansys, and Cadence Design Systems


NEW 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


Alarm.Com Holdings 

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:


http://dailystocktracker.com/registration/?symbol=ALRM

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


Cadence Design Systems 


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

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