1 week Ago By ABMN Staff
UMB Bank n.a. raised its holdings in Cadence Design Systems, Inc.
( NASDAQ:CDNS – Free Report ) by 42.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 846 shares of the software maker’s stock after acquiring an additional 252 shares during the period.
UMB Bank n.a.’s holdings in Cadence Design Systems were worth $254,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of the business. State Street Corp lifted its position in Cadence Design Systems by 0.5% during the third quarter.
State Street Corp now owns 11,922,747 shares of the software maker’s stock worth $3,231,422,000 after buying an additional 60,490 shares in the last quarter. Jennison Associates LLC boosted its stake in Cadence Design Systems by 2.7% during the third quarter.
Jennison Associates LLC now owns 7,606,175 shares of the software maker’s stock worth $2,061,502,000 after buying an additional 198,230 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Cadence Design Systems by 0.9% in the 3rd quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,988,851 shares of the software maker’s stock valued at $1,081,098,000 after purchasing an additional 37,452 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Cadence Design Systems by 6.5% in the 4th quarter.
Nordea Investment Management AB now owns 2,933,392 shares of the software maker’s stock valued at $885,356,000 after buying an additional 178,212 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Cadence Design Systems by 26.1% during the 3rd quarter.
Van ECK Associates Corp now owns 2,767,965 shares of the software maker’s stock valued at $689,472,000 after acquiring an additional 572,251 shares during the period. 84.85% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets In other Cadence Design Systems news, CEO Anirudh Devgan sold 5,920 shares of Cadence Design Systems stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $304.04, for a total transaction of $1,799,916.
80. Following the transaction, the chief executive officer now owns 55,874 shares of the company’s stock, valued at $16,987,930.96.
The trade was a 9.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink .
Also, CFO John M. Wall sold 4,224 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $309.
03, for a total value of $1,305,342.72. Following the completion of the sale, the chief financial officer now directly owns 29,248 shares of the company’s stock, valued at $9,038,509.
44. The trade was a 12.62 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 108,416 shares of company stock valued at $33,528,267. 0.
62% of the stock is currently owned by insiders. Cadence Design Systems Price Performance Cadence Design Systems ( NASDAQ:CDNS – Get Free Report ) last issued its earnings results on Monday, October 28th. The software maker reported $1.
64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.20.
Cadence Design Systems had a net margin of 23.87% and a return on equity of 28.49%.
The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.18 billion.
During the same quarter in the prior year, the business posted $1.01 EPS. The company’s revenue for the quarter was up 18.
8% on a year-over-year basis. Equities research analysts anticipate that Cadence Design Systems, Inc. will post 4.
75 earnings per share for the current fiscal year. Wall Street Analysts Forecast Growth Several analysts have recently issued reports on the stock. Oppenheimer began coverage on shares of Cadence Design Systems in a research report on Wednesday, September 25th.
They set an “underperform” rating and a $225.00 price target on the stock. Redburn Atlantic assumed coverage on shares of Cadence Design Systems in a research report on Monday, January 13th.
They issued a “buy” rating and a $350.00 price target for the company. Rosenblatt Securities reaffirmed a “neutral” rating and set a $280.
00 price objective on shares of Cadence Design Systems in a research report on Tuesday, October 29th. Wells Fargo & Company assumed coverage on Cadence Design Systems in a report on Friday, November 22nd. They issued an “overweight” rating and a $350.
00 target price for the company. Finally, Needham & Company LLC cut their price target on Cadence Design Systems from $320.00 to $315.
00 and set a “buy” rating on the stock in a report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.
com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $329.50. View Our Latest Stock Report on Cadence Design Systems Cadence Design Systems Company Profile ( Free Report ) Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide.
The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification. Read More Want to see what other hedge funds are holding CDNS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Cadence Design Systems, Inc. ( NASDAQ:CDNS – Free Report ). Receive News & Ratings for Cadence Design Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadence Design Systems and related companies with MarketBeat.
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