Good Life Advisors LLC purchased a brand new stake in Cadence Design Techniques, Inc. (NASDAQ:CDNS – Free Report) within the third quarter, in accordance with its most up-to-date submitting with the SEC. The fund purchased 1,024 shares of the software program maker’s inventory, valued at roughly $278,000.
Different giant traders have additionally not too long ago made modifications to their positions within the firm. Empowered Funds LLC lifted its stake in shares of Cadence Design Techniques by 223.8% within the 1st quarter. Empowered Funds LLC now owns 9,181 shares of the software program maker’s inventory valued at $2,858,000 after buying a further 6,346 shares in the course of the interval. Norden Group LLC elevated its holdings in Cadence Design Techniques by 1,659.3% within the 1st quarter. Norden Group LLC now owns 13,300 shares of the software program maker’s inventory value $4,140,000 after buying a further 12,544 shares within the final quarter. BNP Paribas Monetary Markets elevated its holdings in Cadence Design Techniques by 58.1% within the 1st quarter. BNP Paribas Monetary Markets now owns 1,273,678 shares of the software program maker’s inventory value $396,470,000 after buying a further 468,195 shares within the final quarter. Park Nationwide Corp OH elevated its holdings in Cadence Design Techniques by 19.8% within the 2nd quarter. Park Nationwide Corp OH now owns 136,251 shares of the software program maker’s inventory value $41,931,000 after buying a further 22,537 shares within the final quarter. Lastly, Teamwork Monetary Advisors LLC elevated its holdings in Cadence Design Techniques by 40.0% within the 1st quarter. Teamwork Monetary Advisors LLC now owns 35,151 shares of the software program maker’s inventory value $10,942,000 after buying a further 10,037 shares within the final quarter. 84.85% of the inventory is presently owned by institutional traders and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages not too long ago commented on CDNS. Oppenheimer started protection on shares of Cadence Design Techniques in a report on Wednesday, September twenty fifth. They issued an “underperform” ranking and a $225.00 value goal for the corporate. KeyCorp boosted their value goal on shares of Cadence Design Techniques from $350.00 to $355.00 and gave the inventory an “chubby” ranking in a report on Thursday, June twenty seventh. Robert W. Baird lower their value goal on shares of Cadence Design Techniques from $341.00 to $338.00 and set an “outperform” ranking for the corporate in a report on Tuesday, July twenty third. Rosenblatt Securities reissued a “impartial” ranking and issued a $280.00 value goal on shares of Cadence Design Techniques in a report on Monday, October seventh. Lastly, Berenberg Financial institution started protection on shares of Cadence Design Techniques in a report on Tuesday, October fifteenth. They set a “purchase” ranking and a $320.00 goal value for the corporate. One analysis analyst has rated the inventory with a promote ranking, two have assigned a maintain ranking and 9 have given a purchase ranking to the corporate. In line with MarketBeat.com, Cadence Design Techniques has a consensus ranking of “Average Purchase” and a consensus goal value of $323.27.
View Our Newest Inventory Evaluation on CDNS
Insider Shopping for and Promoting at Cadence Design Techniques
In different Cadence Design Techniques information, Director Vincentelli Albert Sangiovanni bought 1,500 shares of the corporate’s inventory in a transaction dated Tuesday, October fifteenth. The shares had been bought at a median value of $283.66, for a complete worth of $425,490.00. Following the transaction, the director now owns 42,051 shares of the corporate’s inventory, valued at $11,928,186.66. This represents a 0.00 % lower of their possession of the inventory. The transaction was disclosed in a submitting with the SEC, which is on the market via this hyperlink. In different information, SVP Karna Nisewaner bought 1,213 shares of the inventory in a transaction dated Friday, August sixteenth. The shares had been bought at a median value of $279.49, for a complete transaction of $339,021.37. Following the sale, the senior vice chairman now owns 17,617 shares of the corporate’s inventory, valued at roughly $4,923,775.33. This represents a 0.00 % lower of their possession of the inventory. The sale was disclosed in a doc filed with the Securities & Alternate Fee, which will be accessed via the SEC web site. Additionally, Director Vincentelli Albert Sangiovanni bought 1,500 shares of the inventory in a transaction dated Tuesday, October fifteenth. The inventory was bought at a median value of $283.66, for a complete transaction of $425,490.00. Following the sale, the director now straight owns 42,051 shares within the firm, valued at $11,928,186.66. This represents a 0.00 % lower of their place. The disclosure for this sale will be discovered right here. Insiders have bought 28,347 shares of firm inventory valued at $7,728,272 over the past 90 days. 1.99% of the inventory is owned by insiders.
Cadence Design Techniques Buying and selling Down 1.7 %
Shares of CDNS opened at $258.52 on Friday. The corporate has a present ratio of 1.43, a fast ratio of 1.32 and a debt-to-equity ratio of 0.23. Cadence Design Techniques, Inc. has a 12-month low of $228.66 and a 12-month excessive of $328.99. The agency has a 50-day transferring common value of $269.59 and a 200 day transferring common value of $284.68. The agency has a market capitalization of $70.43 billion, a P/E ratio of 67.32, a P/E/G ratio of three.37 and a beta of 1.02.
Cadence Design Techniques (NASDAQ:CDNS – Get Free Report) final introduced its quarterly earnings knowledge on Monday, July twenty second. The software program maker reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. Cadence Design Techniques had a internet margin of 25.36% and a return on fairness of 29.54%. The agency had income of $1.06 billion in the course of the quarter, in comparison with analyst estimates of $1.04 billion. Throughout the identical quarter within the prior 12 months, the agency posted $0.94 earnings per share. Cadence Design Techniques’s quarterly income was up 8.6% on a year-over-year foundation. Promote-side analysts forecast that Cadence Design Techniques, Inc. will put up 4.73 EPS for the present 12 months.
Cadence Design Techniques Profile
Cadence Design Techniques, Inc supplies software program, {hardware}, companies, and reusable built-in circuit (IC) design blocks worldwide. The corporate affords useful verification companies, together with emulation and prototyping {hardware}. Its useful verification providing consists of JasperGold, a proper verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.
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