Cadence Design Systems, Inc. (NASDAQ:CDNS) VP James J. Cowie sold 35,000 shares of Cadence Design Systems stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $42.75, for a total transaction of $1,496,250.00. Following the completion of the sale, the vice president now owns 117,082 shares of the company’s stock, valued at $5,005,255.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Cadence Design Systems, Inc. (NASDAQ CDNS) traded up $0.23 during trading hours on Wednesday, reaching $42.90. 2,088,227 shares of the company’s stock traded hands, compared to its average volume of 2,312,939. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.79 and a quick ratio of 1.72. Cadence Design Systems, Inc. has a twelve month low of $24.15 and a twelve month high of $45.64. The stock has a market capitalization of $12,090.00, a P/E ratio of 45.61, a P/E/G ratio of 3.35 and a beta of 0.93.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Thursday, October 26th. The software maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.01. Cadence Design Systems had a net margin of 13.45% and a return on equity of 29.00%. The business had revenue of $485.40 million for the quarter, compared to the consensus estimate of $481.10 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. research analysts expect that Cadence Design Systems, Inc. will post 1.06 EPS for the current year.

A number of large investors have recently modified their holdings of CDNS. Caxton Associates LP lifted its holdings in shares of Cadence Design Systems by 0.6% in the second quarter. Caxton Associates LP now owns 15,900 shares of the software maker’s stock worth $532,000 after buying an additional 100 shares in the last quarter. Wetherby Asset Management Inc. lifted its holdings in shares of Cadence Design Systems by 1.2% in the second quarter. Wetherby Asset Management Inc. now owns 9,581 shares of the software maker’s stock worth $321,000 after buying an additional 109 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Cadence Design Systems by 6.4% in the second quarter. PNC Financial Services Group Inc. now owns 10,130 shares of the software maker’s stock worth $338,000 after buying an additional 612 shares in the last quarter. World Asset Management Inc lifted its holdings in shares of Cadence Design Systems by 3.2% in the second quarter. World Asset Management Inc now owns 20,369 shares of the software maker’s stock worth $682,000 after buying an additional 628 shares in the last quarter. Finally, ETRADE Capital Management LLC lifted its holdings in shares of Cadence Design Systems by 5.0% in the second quarter. ETRADE Capital Management LLC now owns 18,909 shares of the software maker’s stock worth $633,000 after buying an additional 899 shares in the last quarter. 84.81% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently commented on CDNS shares. KeyCorp reiterated a “hold” rating on shares of Cadence Design Systems in a research note on Sunday, November 26th. Needham & Company LLC restated a “hold” rating on shares of Cadence Design Systems in a research report on Sunday, October 29th. Royal Bank Of Canada restated a “buy” rating and set a $46.00 target price on shares of Cadence Design Systems in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Cadence Design Systems from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Wednesday, November 1st. Finally, Credit Suisse Group restated an “outperform” rating on shares of Cadence Design Systems in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $40.60.

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Cadence Design Systems Company Profile

Cadence Design Systems, Inc provides solutions that enable its customers to design electronic products. The Company’s product categories include Functional Verification, Digital integrated circuits (IC) Design and Signoff, Custom IC Design and Verification, System Interconnect and Analysis, and intellectual property (IP).

Insider Buying and Selling by Quarter for Cadence Design Systems (NASDAQ:CDNS)

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