Magma Design Automation: Institutional Investor Stock Sales in Quarterly Release

January 09, 2012

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Magma Design Automation Inc. (NASDAQ:LAVA).

SEC data indicate that these institutions significantly reduced their stock shares of Magma Design Automation Inc. in Q3 2011:

FRIESS ASSOCIATES LLC: On 06/30/2011, held 2,825,068 shares, worth $22,572,293. On 09/30/2011, held 0 shares.

NORTHPOINTE CAPITAL LLC: On 06/30/2011, held 1,778,484 shares, worth $14,210,087. On 09/30/2011, held 0 shares.

RS INVESTMENT MANAGEMENT CO LLC: On 06/30/2011, held 1,166,214 shares, worth $9,318,050. On 09/30/2011, held 0 shares.

MCKINLEY CAPITAL MANAGEMENT LLC /DELAWARE: On 06/30/2011, held 783,115 shares, worth $6,257,089. On 09/30/2011, held 0 shares.

DRIEHAUS CAPITAL MANAGEMENT LLC: On 06/30/2011, held 614,854 shares, worth $4,912,683. On 09/30/2011, held 0 shares.

About the company: Magma Design Automation, Inc. designs software. The Company’s software enables chip designers to accelerate time-to-market for complex integrated circuits used in the communications, computing, consumer electronics, networking, and semiconductor industries.

Competitors to Watch: Synopsys, Inc. (NASDAQ:SNPS), Mentor Graphics Corp. (NASDAQ:MENT), Cadence Design Systems, Inc. (NASDAQ:CDNS), PDF Solutions, Inc. (NASDAQ:PDFS), ANSYS, Inc. (NASDAQ:ANSS), Tessera Technologies, Inc. (NASDAQ:TSRA), Parametric Technology (NASDAQ:PMTC), Autodesk, Inc. (NASDAQ:ADSK), Cimatron Ltd. (NASDAQ:CIMT), and National Instruments Corp (NASDAQ:NATI).

(Note: Data regarding Magma Design Automation Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

Advantage: Check out our interactive stock charts, fundamentals, Twitter stream, and more >>

Improve Your 2011 Financial Health: Join the winning team of stock pickers with Wall St. Cheat Sheet’s acclaimed premium newsletter>>