Securian Asset Management Inc. Cuts Stake in Cadence Design Systems, Inc. $CDNS

Securian Asset Management Inc. lowered its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,243 shares of the software maker’s stock after selling 315 shares during the quarter. Securian Asset Management Inc.’s holdings in Cadence Design Systems were worth $4,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smallwood Wealth Investment Management LLC purchased a new stake in Cadence Design Systems in the first quarter worth approximately $25,000. Costello Asset Management INC purchased a new stake in Cadence Design Systems in the first quarter worth approximately $25,000. Barrett & Company Inc. purchased a new stake in Cadence Design Systems in the second quarter worth approximately $31,000. Saudi Central Bank purchased a new stake in Cadence Design Systems in the first quarter worth approximately $27,000. Finally, Valley National Advisers Inc. boosted its stake in Cadence Design Systems by 707.1% in the first quarter. Valley National Advisers Inc. now owns 113 shares of the software maker’s stock worth $28,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $300.00 target price on shares of Cadence Design Systems in a research note on Friday, July 25th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a research report on Wednesday, October 8th. Stifel Nicolaus boosted their price objective on Cadence Design Systems from $350.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. The Goldman Sachs Group assumed coverage on Cadence Design Systems in a research report on Thursday, July 10th. They issued a “buy” rating and a $380.00 price objective for the company. Finally, Piper Sandler reiterated a “neutral” rating and issued a $355.00 price objective (up previously from $328.00) on shares of Cadence Design Systems in a research report on Tuesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $368.53.

Insider Activity

In related news, CFO John M. Wall sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $349.16, for a total value of $2,618,700.00. Following the sale, the chief financial officer directly owned 70,715 shares of the company’s stock, valued at $24,690,849.40. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total value of $348,270.00. Following the completion of the sale, the vice president directly owned 99,672 shares in the company, valued at approximately $34,712,767.44. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,680 shares of company stock valued at $3,729,852. Company insiders own 0.37% of the company’s stock.

Cadence Design Systems Price Performance

CDNS opened at $333.45 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45. The stock has a market capitalization of $90.86 billion, a PE ratio of 90.12, a price-to-earnings-growth ratio of 4.32 and a beta of 0.99. The stock’s 50 day moving average price is $347.69 and its 200-day moving average price is $320.51.

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