Cadence Design Systems, Inc. (CDNS) Shares Bought by OxFORD Asset Management LLP

OxFORD Asset Management LLP raised its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 12.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 221,773 shares of the software maker’s stock after buying an additional 23,694 shares during the period. OxFORD Asset Management LLP owned approximately 0.08% of Cadence Design Systems worth $8,753,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CDNS. Janus Henderson Group PLC increased its stake in Cadence Design Systems by 73,454.0% during the 2nd quarter. Janus Henderson Group PLC now owns 20,701,780 shares of the software maker’s stock valued at $693,303,000 after buying an additional 20,673,635 shares during the period. APG Asset Management N.V. increased its stake in Cadence Design Systems by 20,049.7% during the 3rd quarter. APG Asset Management N.V. now owns 3,667,241 shares of the software maker’s stock valued at $144,746,000 after buying an additional 3,649,041 shares during the period. AJO LP increased its stake in Cadence Design Systems by 416.3% during the 2nd quarter. AJO LP now owns 1,757,187 shares of the software maker’s stock valued at $58,848,000 after buying an additional 1,416,833 shares during the period. Canada Pension Plan Investment Board increased its stake in Cadence Design Systems by 88.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 2,941,000 shares of the software maker’s stock valued at $116,081,000 after buying an additional 1,378,800 shares during the period. Finally, Prudential Financial Inc. increased its stake in Cadence Design Systems by 226.0% during the 2nd quarter. Prudential Financial Inc. now owns 1,721,641 shares of the software maker’s stock valued at $57,658,000 after buying an additional 1,193,576 shares during the period. 84.72% of the stock is currently owned by hedge funds and other institutional investors.

CDNS has been the topic of several research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Cadence Design Systems in a research note on Sunday, October 29th. KeyCorp reissued a “hold” rating on shares of Cadence Design Systems in a research note on Sunday, November 26th. Royal Bank Of Canada reissued a “buy” rating and set a $46.00 target price on shares of Cadence Design Systems in a research note on Friday, October 27th. Zacks Investment Research raised shares of 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, Credit Suisse Group reaffirmed an “outperform” rating on shares of Cadence Design Systems in a research note on Thursday, August 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Cadence Design Systems presently has an average rating of “Buy” and a consensus target price of $40.60.

Cadence Design Systems, Inc. (NASDAQ:CDNS) opened at $43.72 on Friday. The stock has a market cap of $12,398.43, a P/E ratio of 47.22, a PEG ratio of 3.46 and a beta of 0.93. The company has a quick ratio of 1.72, a current ratio of 1.79 and a debt-to-equity ratio of 0.64. Cadence Design Systems, Inc. has a 52 week low of $24.15 and a 52 week high of $45.64.

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

In other news, CEO Lip Bu Tan sold 100,000 shares of Cadence Design Systems stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $41.97, for a total value of $4,197,000.00. Following the transaction, the chief executive officer now directly owns 445,833 shares of the company’s stock, valued at $18,711,611.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Aneel Zaman sold 32,255 shares of Cadence Design Systems stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $44.32, for a total transaction of $1,429,541.60. Following the completion of the transaction, the vice president now directly owns 217,497 shares in the company, valued at $9,639,467.04. The disclosure for this sale can be found here. Insiders sold a total of 195,224 shares of company stock worth $8,382,992 in the last ninety days. Corporate insiders own 2.55% of the company’s stock.

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About Cadence Design Systems

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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