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Cadence Design Systems reported strong earnings and saw institutional investors adjust their stakes, boosting its stock.
Cadence Design Systems (CDNS) saw institutional investors adjusting their stakes in the company in recent quarters.
GLOBALT Investments sold shares, while IFP Advisors and Empirical Finance increased their holdings.
Cadence's recent earnings beat analyst expectations, with a 23.1% revenue increase and $1.57 EPS, up from $1.17.
Analysts forecast 5.41 EPS for the year.
The company's stock is up 9.2% over the last month, with a positive outlook in the vertical software sector.
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Cadence Design Systems reportó fuertes ganancias y vio a los inversores institucionales ajustar sus apuestas, aumentando su stock.