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Pitcairn Co. sold shares in Cadence Design Systems, which missed Q4 earnings but has a "Moderate Buy" rating.
Pitcairn Co. reduced its holdings in software maker Cadence Design Systems by 3.4% in Q4, selling 522 shares and owning 14,982 shares worth $4.5 million.
Despite missing Q4 earnings expectations by $0.33, Cadence's stock has a "Moderate Buy" rating and a target price of $324.83.
The company offers software and hardware for IC design.
Cadence's stock ranges between $230.09 and $328.99, with a market cap of $72.68 billion.
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Pitcairn Co. vendió acciones en Cadence Design Systems, que perdió ganancias de Q4, pero tiene una calificación de "Compra Moderada".