Camelot Portfolios LLC grew its stake in shares of Cadence Design Systems Inc (NASDAQ:CDNS) by 21.3% in the fourth quarter, HoldingsChannel reports. The firm owned 11,402 shares of the software maker’s stock after purchasing an additional 2,000 shares during the period. Camelot Portfolios LLC’s holdings in Cadence Design Systems were worth $477,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CDNS. Sigma Planning Corp grew its holdings in shares of Cadence Design Systems by 17.1% in the third quarter. Sigma Planning Corp now owns 66,369 shares of the software maker’s stock valued at $2,620,000 after acquiring an additional 9,695 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Cadence Design Systems by 15.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 41,301 shares of the software maker’s stock valued at $1,630,000 after acquiring an additional 5,500 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Cadence Design Systems in the third quarter valued at approximately $432,000. QUANTRES ASSET MANAGEMENT Ltd bought a new position in shares of Cadence Design Systems in the fourth quarter valued at approximately $611,000. Finally, Graticule Asia Macro Advisors LLC bought a new position in shares of Cadence Design Systems in the third quarter valued at approximately $8,210,000. 85.00% of the stock is owned by hedge funds and other institutional investors.

Several research firms have recently issued reports on CDNS. KeyCorp reaffirmed a “hold” rating on shares of Cadence Design Systems in a report on Sunday, November 26th. BidaskClub raised Cadence Design Systems from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $43.00 target price (up from $37.00) on shares of Cadence Design Systems in a report on Thursday, February 1st. Zacks Investment Research upgraded Cadence Design Systems from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Wednesday, November 1st. Finally, DA Davidson upped their price objective on 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. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $44.20.

In related news, VP James J. Cowie sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $42.75, for a total value of $1,496,250.00. Following the transaction, the vice president now owns 117,082 shares in the company, valued at $5,005,255.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Aneel Zaman sold 32,255 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $44.32, for a total value of $1,429,541.60. Following the completion of the transaction, the vice president now owns 217,497 shares in the company, valued at approximately $9,639,467.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 289,031 shares of company stock worth $12,747,759. 2.55% of the stock is owned by company insiders.

Cadence Design Systems Inc (CDNS) opened at $37.68 on Friday. Cadence Design Systems Inc has a 12 month low of $29.29 and a 12 month high of $46.00. The company has a quick ratio of 1.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $10,640.00, a P/E ratio of 51.62, a P/E/G ratio of 3.77 and a beta of 0.97.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data on Wednesday, January 31st. The software maker reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Cadence Design Systems had a return on equity of 31.28% and a net margin of 10.50%. The business had revenue of $501.70 million for the quarter, compared to the consensus estimate of $496.20 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. Cadence Design Systems’s revenue for the quarter was up 7.0% on a year-over-year basis. equities analysts expect that Cadence Design Systems Inc will post 0.85 EPS for the current year.

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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).

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

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