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Cadence Design Systems Inc. (CDNS) CFO Geoffrey G Ribar buys 10,000 Shares

February 07, 2011 | About: CDNS +0%
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Senior Vice President, CFO of Cadence Design Systems Inc. (CDNS) Geoffrey G Ribar buys 10,000 shares of CDNS on 02/07/2011 at an average price of $9.48 a share.

Cadence Design Systems Inc. has a market cap of $2.27 billion; its shares were traded at around $9.49 with a P/E ratio of 19.27 and P/S ratio of 2.66.

Hedge Fund Gurus that owns CDNS: Carl Icahn of Icahn Capital Management LP, Steven Cohen of SAC Capital Advisors, Bruce Kovner of Caxton Associates, George Soros of Soros Fund Management LLC, Jim Simons of Renaissance Technologies LLC. Mutual Fund and Other Gurus that owns CDNS: Dodge & Cox, Richard Snow of Snow Capital Management, L.P..

This is the annual revenues and earnings per share of CDNS over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of CDNS.


CEO Recent Trades:


  • Buy: President and CEO Lip Bu Tan bought 25,000 shares of CDNS stock on 08/13/2010 at the average price of 6.47. Lip Bu Tan owns at least 612,127 shares after this. The price of the stock has increased by 46.68% since.



This is the insider trade history vs. stock price of CDNS. For the complete insider trading history of CDNS, click here.




Directors and Officers Recent Trades:


  • Buy: Director Donald L Lucas bought 35,000 shares of CDNS stock on 08/19/2010 at the average price of 6.82. Donald L Lucas owns at least 70,000 shares after this. The price of the stock has increased by 39.15% since.

  • Buy: Director Donald L Lucas bought 30,000 shares of CDNS stock on 08/13/2010 at the average price of 6.47. Donald L Lucas owns at least 35,000 shares after this. The price of the stock has increased by 46.68% since.



For the complete insider trading history of CDNS, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 2.5/5 (2 votes)

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