Cadence Design Systems Inc (CDNS) Files Form 4 Insider Selling : John B Shoven Sells 50,000 Shares

Cadence Design Systems Inc (CDNS): John B Shoven , director of Cadence Design Systems Inc sold 50,000 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $24.65 per share for a total value of $1,231,631.38 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 24, 2016, Aneel Zaman (Sr. Vice President) sold 28,807 shares at $24.46 per share price.On May 24, 2016, Vincentelli Albert Sangiovanni (director) sold 25,000 shares at $24.50 per share price.Also, On May 24, 2016, Chi-ping Hsu (Sr. Vice President) sold 20,000 shares at $24.22 per share price.On May 5, 2016, James J Cowie (Sr. VP, General Counsel) sold 3,130 shares at $23.33 per share price.

Cadence Design Systems Inc: On Friday, May 20, 2016 heightened volatility was witnessed in Cadence Design Systems Inc which led to swings in the share price. The shares opened for trading at $23.95 and hit $24.55 on the upside , eventually ending the session at $24.55, with a gain of 3.28% or 0.78 points. The heightened volatility saw the trading volume jump to 48,74,038 shares. The 52-week high of the share price is $24.55 and the company has a market cap of $7,386,162 M . The 52-week low of the share price is at $18.133.

Cadence Design Systems Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Cadence Design Systems Inc is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 27 from a previous price target of $25 .The Rating was issued on Apr 26, 2016.Cadence Design Systems Inc is Downgraded by DA Davidson to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 6, 2016.

Cadence Design Systems Inc. (Cadence) develops system design enablement (SDE) solutions that are used to design whole electronics systems and integrated circuits (ICs) and electronic devices. 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. The Company provides maintenance for its software emulation hardware and IP product offerings. It also provides engineering services related to methodology education hosted design solutions and design services for ICs and development of custom IP. The company’s customers include electronics systems and semiconductor companies Internet service providers and other technology companies that deliver a range of electronics products in market segments such as mobile and consumer devices communications cloud and data center infrastructure medical systems and other devices.

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Cadence Design Systems Inc - Is it time to Sell?

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