APG Asset Management N.V. Buys 262,900 Shares of Cadence Design Systems, Inc. $CDNS

APG Asset Management N.V. boosted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 43.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 870,649 shares of the software maker’s stock after acquiring an additional 262,900 shares during the quarter. APG Asset Management N.V. owned approximately 0.32% of Cadence Design Systems worth $204,992,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CDNS. Groupe la Francaise raised its holdings in Cadence Design Systems by 7.3% during the 1st quarter. Groupe la Francaise now owns 36,075 shares of the software maker’s stock worth $9,514,000 after purchasing an additional 2,457 shares during the last quarter. AlphaQuest LLC raised its holdings in Cadence Design Systems by 60.1% during the 1st quarter. AlphaQuest LLC now owns 1,678 shares of the software maker’s stock worth $427,000 after purchasing an additional 630 shares during the last quarter. Circle Wealth Management LLC raised its holdings in Cadence Design Systems by 152.1% during the 1st quarter. Circle Wealth Management LLC now owns 1,712 shares of the software maker’s stock worth $435,000 after purchasing an additional 1,033 shares during the last quarter. D.B. Root & Company LLC raised its holdings in Cadence Design Systems by 27.8% during the 1st quarter. D.B. Root & Company LLC now owns 1,814 shares of the software maker’s stock worth $461,000 after purchasing an additional 395 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its holdings in Cadence Design Systems by 5.8% during the 1st quarter. 1832 Asset Management L.P. now owns 281,106 shares of the software maker’s stock worth $71,494,000 after purchasing an additional 15,443 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

Wall Street Analysts Forecast Growth

CDNS has been the subject of a number of recent analyst reports. Berenberg Bank set a $400.00 price target on Cadence Design Systems in a research note on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on Cadence Design Systems from $330.00 to $390.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Stifel Nicolaus increased their target price on Cadence Design Systems from $350.00 to $395.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Wall Street Zen upgraded shares of Cadence Design Systems from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, The Goldman Sachs Group assumed coverage on Cadence Design Systems in a research report on Thursday, July 10th. They set a “buy” rating and a $380.00 price target on the stock. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $364.33.

Insider Activity at Cadence Design Systems

In related news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $358.72, for a total transaction of $358,720.00. Following the sale, the vice president directly owned 104,499 shares in the company, valued at $37,485,881.28. This trade represents a 0.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $304.00, for a total transaction of $54,720.00. Following the transaction, the director owned 8,010 shares of the company’s stock, valued at approximately $2,435,040. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,830 shares of company stock worth $1,207,671. 1.99% of the stock is owned by corporate insiders.

Cadence Design Systems Trading Up 0.6%

Shares of NASDAQ:CDNS opened at $349.63 on Friday. The company has a market capitalization of $95.27 billion, a P/E ratio of 94.49, a P/E/G ratio of 4.56 and a beta of 0.97. The business’s 50 day simple moving average is $329.35 and its 200 day simple moving average is $295.82. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.56 by $0.09. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.Cadence Design Systems’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.28 earnings per share. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. On average, research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Cadence Design Systems Profile

Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.