4,300 Shares in Cadence Design Systems, Inc. (CDNS) Acquired by Dupont Capital Management Corp

Dupont Capital Management Corp purchased a new stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,300 shares of the software maker’s stock, valued at approximately $170,000.

Other large investors have also recently modified their holdings of the company. Creative Planning lifted its position in shares of Cadence Design Systems by 242.2% in the 2nd quarter. Creative Planning now owns 3,282 shares of the software maker’s stock valued at $110,000 after acquiring an additional 2,323 shares in the last quarter. Commonwealth Bank of Australia lifted its position in shares of Cadence Design Systems by 36.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 4,852 shares of the software maker’s stock valued at $161,000 after acquiring an additional 1,300 shares in the last quarter. Tocqueville Asset Management L.P. purchased a new stake in shares of Cadence Design Systems in the 2nd quarter valued at approximately $206,000. Affinity Wealth Management purchased a new stake in shares of Cadence Design Systems in the 2nd quarter valued at approximately $212,000. Finally, Atria Investments LLC purchased a new stake in shares of Cadence Design Systems in the 2nd quarter valued at approximately $231,000. Institutional investors and hedge funds own 84.15% of the company’s stock.

Cadence Design Systems, Inc. (NASDAQ CDNS) opened at $44.67 on Tuesday. The firm has a market cap of $12,435.13, a P/E ratio of 47.35, a price-to-earnings-growth ratio of 3.47 and a beta of 0.94. 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 12 month low of $24.15 and a 12 month high of $44.69.

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

CDNS has been the subject of several research analyst reports. BidaskClub upgraded shares of Cadence Design Systems from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. DA Davidson upped their price target on shares of Cadence Design Systems to $43.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. They noted that the move was a valuation call. Royal Bank Of Canada upped their price target on shares of Cadence Design Systems from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Bank of America Corporation upped their price target on shares of Cadence Design Systems from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $40.60.

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In other Cadence Design Systems news, VP James J. Cowie sold 5,036 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $37.21, for a total value of $187,389.56. Following the transaction, the vice president now owns 82,082 shares in the company, valued at approximately $3,054,271.22. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Lip Bu Tan sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $41.97, for a total transaction of $4,197,000.00. Following the completion of the transaction, the chief executive officer now owns 445,833 shares in the company, valued at approximately $18,711,611.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 222,255 shares of company stock worth $9,161,468. Company insiders own 2.55% of the company’s stock.

Cadence Design Systems 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).

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Institutional Ownership by Quarter for Cadence Design Systems (NASDAQ:CDNS)

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