Cadence Design Systems, Inc. Hedge funds and other institutional investors own 83.81% of the company's stock. The VC1 of Cadence Design Systems, Inc. Creative Planning now owns 3,282 shares of the software maker's stock valued at $110,000 after purchasing an additional 2,323 shares during the period. Creative Planning increased its position in shares of Cadence Design Systems by 56.4% in the third quarter. Its last month's stock price volatility remained 1.32% which for the week approaches 1.24%. Tocqueville Asset Management L.P. bought a new stake in Cadence Design Systems during the second quarter worth approximately $206,000. Prudential Financial Inc. grew its holdings in Cadence Design Systems by 226.0% in the second quarter. Finally, Atria Investments LLC bought a new stake in Cadence Design Systems during the second quarter worth approximately $231,000. Cadence Design Systems, Inc. has a 12 month low of $18.32 and a 12 month high of $28.00. (CDNS) traded up 0.178% during midday trading on Tuesday, reaching $42.225. The volume of EOG witnessed a shift from 2.19 million shares, based on a 50-day average, to 2.81 million shares.
At the time of writing, Cadence Design Systems, Inc. The share price has moved backward from its 20 days moving average, trading at a distance of -0.43% and stays 4.6% away from its 50 days moving average. The stock has a market cap of $11.85 billion, a PE ratio of 49.16 and a beta of 0.93. (CDNS) are 0.43%; 8.41% for the month; 15.04% for the last quarter; 32.01% for the past six-months; and 63.94% for the last 12 months. The software maker reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $479.00 million during the quarter, compared to the consensus estimate of $476.21 million. Therefore, ROE for Cadence Design Systems, Inc., CDNS is 27.80%. Cadence Design Systems's revenue was up 5.7% compared to the same quarter past year. During the same quarter past year, the firm posted $0.29 EPS. The Earnings Yield Five Year average for Cadence Design Systems, Inc.
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In related news, CEO Lip Bu Tan sold 100,000 shares of Cadence Design Systems stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $41.97, for a total value of $4,197,000.00. Approximately 2.1% of the shares of the company are short sold. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Investors will get a clear idea on how much they can earn per share on each of the outstanding shares of common stock. The disclosure for this sale can be found here. The firm owned 1,124,225 shares of the company's stock after selling 151,342 shares during the period. On a consensus basis the Street sees the stock heading to 37.50 in the near term.
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A number of research firms have weighed in on CDNS.
Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, October 24th. BidaskClub upgraded shares of Cadence Design Systems from a "buy" rating to a "strong-buy" rating in a report on Wednesday, August 16th. Royal Bank Of Canada reissued a "buy" rating on shares of Cadence Design Systems in a research note on Friday, July 7th. Finally, Credit Suisse Group restated an "outperform" rating on shares of Cadence Design Systems in a report on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. J P Morgan Chase & Co lowered shares of Cadence Design Systems from a "neutral" rating to an "underweight" rating and set a $25.00 price target on the stock.in a research report on Monday, December 12th.
Sales for the past 5 years for Cadence Design Systems, Inc.is 9.60%. The Company's SDE product offerings include electronic design automation (EDA), software, emulation and prototyping hardware, and two categories of intellectual property (IP): verification IP (VIP) and design IP.
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