Cadence Design Systems, Inc. (NASDAQ:CDNS) CFO John M. Wall sold 750 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $43.69, for a total transaction of $32,767.50. Following the completion of the sale, the chief financial officer now owns 110,073 shares in the company, valued at approximately $4,809,089.37. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) traded down $0.21 during trading hours on Tuesday, hitting $43.29. 1,920,061 shares of the company were exchanged, compared to its average volume of 2,303,553. The company has a current ratio of 1.79, a quick ratio of 1.72 and a debt-to-equity ratio of 0.64. Cadence Design Systems, Inc. has a twelve month low of $24.15 and a twelve month high of $45.64. The company has a market cap of $12,299.60, a P/E ratio of 46.84, a PEG ratio of 3.44 and a beta of 0.93.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings data on Thursday, October 26th. The software maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $481.10 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. analysts expect that Cadence Design Systems, Inc. will post 1.06 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in CDNS. Janus Henderson Group PLC grew its position in shares of Cadence Design Systems by 73,454.0% during the 2nd quarter. Janus Henderson Group PLC now owns 20,701,780 shares of the software maker’s stock valued at $693,303,000 after buying an additional 20,673,635 shares during the last quarter. APG Asset Management N.V. grew its position in shares of Cadence Design Systems by 20,049.7% during the 3rd quarter. APG Asset Management N.V. now owns 3,667,241 shares of the software maker’s stock valued at $144,746,000 after buying an additional 3,649,041 shares during the last quarter. AJO LP grew its position in shares of Cadence Design Systems by 416.3% during the 2nd quarter. AJO LP now owns 1,757,187 shares of the software maker’s stock valued at $58,848,000 after buying an additional 1,416,833 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Cadence Design Systems by 88.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,941,000 shares of the software maker’s stock valued at $116,081,000 after buying an additional 1,378,800 shares during the last quarter. Finally, Prudential Financial Inc. grew its position in shares of Cadence Design Systems by 226.0% during the 2nd quarter. Prudential Financial Inc. now owns 1,721,641 shares of the software maker’s stock valued at $57,658,000 after buying an additional 1,193,576 shares during the last quarter. 84.82% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on CDNS. KeyCorp restated a “hold” rating on shares of Cadence Design Systems in a research note on Sunday, November 26th. Zacks Investment Research upgraded shares of Cadence Design Systems from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Wednesday, November 1st. DA Davidson upped their target price on shares of Cadence Design Systems to $43.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. They noted that the move was a valuation call. Needham & Company LLC restated a “hold” rating on shares of Cadence Design Systems in a research note on Sunday, October 29th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $46.00 target price on shares of Cadence Design Systems in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus 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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