Greenleaf Trust Has $1.70 Million Position in Cadence Design Systems, Inc. $CDNS

Greenleaf Trust lowered its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 4.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,531 shares of the software maker’s stock after selling 271 shares during the period. Greenleaf Trust’s holdings in Cadence Design Systems were worth $1,704,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Merit Financial Group LLC raised its position in shares of Cadence Design Systems by 42.6% during the first quarter. Merit Financial Group LLC now owns 3,165 shares of the software maker’s stock valued at $805,000 after buying an additional 946 shares during the last quarter. Novem Group raised its position in shares of Cadence Design Systems by 30.3% during the first quarter. Novem Group now owns 4,067 shares of the software maker’s stock valued at $1,034,000 after buying an additional 945 shares during the last quarter. Seilern Investment Management Ltd acquired a new position in shares of Cadence Design Systems during the first quarter valued at about $64,800,000. Brookstone Capital Management raised its position in shares of Cadence Design Systems by 19.9% during the first quarter. Brookstone Capital Management now owns 17,430 shares of the software maker’s stock valued at $4,433,000 after buying an additional 2,898 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Cadence Design Systems by 22.5% during the first quarter. GAMMA Investing LLC now owns 4,790 shares of the software maker’s stock valued at $1,218,000 after buying an additional 879 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Activity

In other news, Director Ita M. Brennan sold 180 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total transaction of $60,211.80. Following the sale, the director directly owned 7,830 shares of the company’s stock, valued at $2,619,213.30. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $343.95, for a total transaction of $343,950.00. Following the sale, the vice president directly owned 102,499 shares in the company, valued at $35,254,531.05. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,180 shares of company stock worth $762,882 over the last ninety days. Insiders own 0.37% of the company’s stock.

Cadence Design Systems Price Performance

Shares of Cadence Design Systems stock opened at $351.26 on Wednesday. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $95.71 billion, a price-to-earnings ratio of 94.94, a P/E/G ratio of 4.57 and a beta of 1.00. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The firm’s 50-day moving average price is $351.77 and its two-hundred day moving average price is $312.18.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.09. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the prior 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, equities analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on CDNS shares. Rosenblatt Securities reissued a “neutral” rating and issued a $300.00 price target on shares of Cadence Design Systems in a research report on Friday, July 25th. Robert W. Baird increased their price target on shares of Cadence Design Systems from $340.00 to $380.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. KeyCorp increased their price target on shares of Cadence Design Systems from $358.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Wall Street Zen lowered shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Finally, Berenberg Bank set a $400.00 price target on shares of Cadence Design Systems in a research report on Wednesday, July 30th. Twelve research analysts have rated the stock with a Buy rating, two have given 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 an average price target of $364.33.

About Cadence Design Systems

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.