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Despite missing earnings, Cadence Design Systems sees increased investment from Sterling Capital and Petros Family Wealth.
Sterling Capital Management LLC increased its stake in Cadence Design Systems by 1.3%, now owning 17,778 shares worth $5.34 million.
Petros Family Wealth LLC also acquired 1,044 shares in the fourth quarter.
Despite missing earnings expectations by $0.33, Cadence Design Systems reported $1.49 EPS and $1.36 billion in revenue.
Analysts predict 5.41 EPS for the year, with a "Moderate Buy" rating and a $324.83 price target.
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A pesar de las ganancias perdidas, Cadence Design Systems ve aumentar la inversión de Sterling Capital y de la riqueza familiar de Petros.