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 increased stock shares of Magma Design Automation Inc. (NASDAQ:LAVA).

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

OMT CAPITAL MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 1,491,370 shares, worth $6,785,734.

CHARTWELL INVESTMENT PARTNERS/PA: On 06/30/2011, held 0 shares. On 09/30/2011, held 973,871 shares, worth $4,431,113.

PINEBRIDGE INVESTMENTS LTD: On 06/30/2011, held 0 shares. On 09/30/2011, held 408,700 shares, worth $1,859,585.

TODD VEREDUS ASSET MANAGEMENT LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 280,400 shares, worth $1,275,820.

KINGDOM RIDGE CAPITAL, LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 250,000 shares, worth $1,137,500.

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.)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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