Cadence Design Systems experienced a 30% increase in put options trading, while insiders sold 38,000 shares.

Cadence Design Systems saw a notable increase in put options trading, rising 30% to 4,127 options on Monday. This followed positive analyst ratings, with target prices set between $280 and $355. Despite the optimistic outlook, insiders sold over 38,000 shares worth nearly $10.9 million recently. Institutional investors own 84.85% of the company, which has a market cap of $68.3 billion and recent earnings surpassing expectations with a revenue of $1.06 billion.

September 09, 2024
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