Cadence Design Systems, Inc. $CDNS Shares Purchased by Quotient Wealth Partners LLC

Quotient Wealth Partners LLC raised its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 37.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,784 shares of the software maker’s stock after purchasing an additional 485 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Cadence Design Systems were worth $550,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CDNS. Nuveen LLC acquired a new stake in Cadence Design Systems during the 1st quarter valued at approximately $289,744,000. Jennison Associates LLC lifted its holdings in Cadence Design Systems by 13.2% during the 1st quarter. Jennison Associates LLC now owns 9,064,953 shares of the software maker’s stock worth $2,305,489,000 after buying an additional 1,054,702 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Cadence Design Systems by 466.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 786,849 shares of the software maker’s stock worth $242,468,000 after buying an additional 647,931 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Cadence Design Systems by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 26,339,142 shares of the software maker’s stock worth $6,698,834,000 after buying an additional 429,955 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Cadence Design Systems by 7.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,729,026 shares of the software maker’s stock worth $1,202,733,000 after buying an additional 312,757 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, CFO John M. Wall sold 7,500 shares of Cadence Design Systems stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $349.16, for a total transaction of $2,618,700.00. Following the sale, the chief financial officer owned 70,715 shares of the company’s stock, valued at $24,690,849.40. The trade was a 9.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total value of $60,211.80. Following the sale, the director directly owned 7,830 shares in the company, valued at $2,619,213.30. The trade was a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,680 shares of company stock valued at $3,729,852 in the last quarter. Corporate insiders own 1.99% of the company’s stock.

Analysts Set New Price Targets

CDNS has been the topic of a number of research analyst reports. Loop Capital increased their target price on Cadence Design Systems from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Mizuho increased their target price on Cadence Design Systems from $360.00 to $375.00 and gave the stock an “outperform” rating in a report on Tuesday, July 29th. The Goldman Sachs Group initiated coverage on Cadence Design Systems in a report on Thursday, July 10th. They set a “buy” rating and a $380.00 target price on the stock. Needham & Company LLC increased their target price on Cadence Design Systems from $325.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Finally, Berenberg Bank set a $400.00 price target on Cadence Design Systems in a report on Wednesday, July 30th. Thirteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $368.53.

Cadence Design Systems Trading Up 0.6%

Shares of NASDAQ CDNS opened at $326.12 on Friday. The stock’s 50 day simple moving average is $348.49 and its 200 day simple moving average is $319.25. 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 company has a market cap of $88.86 billion, a price-to-earnings ratio of 88.14, a price-to-earnings-growth ratio of 4.28 and a beta of 0.99. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.09. The firm had revenue of $1.28 billion for 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%.The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 EPS. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. Equities research analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

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.