Asset Management One Co. Ltd. Purchases 3,602 Shares of Cadence Design Systems, Inc. $CDNS

Asset Management One Co. Ltd. lifted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,448 shares of the software maker’s stock after acquiring an additional 3,602 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Cadence Design Systems were worth $37,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its position 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 valued at $6,698,834,000 after acquiring an additional 429,955 shares in the last quarter. Jennison Associates LLC boosted its position 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 valued at $2,305,489,000 after acquiring an additional 1,054,702 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position 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 valued at $1,202,733,000 after acquiring an additional 312,757 shares in the last quarter. Invesco Ltd. boosted its position in Cadence Design Systems by 14.0% during the 1st quarter. Invesco Ltd. now owns 2,416,284 shares of the software maker’s stock valued at $614,534,000 after acquiring an additional 296,983 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Cadence Design Systems by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 2,245,930 shares of the software maker’s stock valued at $571,208,000 after acquiring an additional 8,361 shares in the last quarter. Institutional investors own 84.85% of the company’s stock.

Insider Transactions 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 dated 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 completion of the sale, the chief financial officer owned 70,715 shares of the company’s stock, valued at approximately $24,690,849.40. The trade was a 9.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total value of $348,270.00. Following the sale, the vice president directly owned 99,672 shares of the company’s stock, valued at approximately $34,712,767.44. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,680 shares of company stock valued at $3,729,852 in the last quarter. 1.99% of the stock is currently owned by corporate insiders.

Cadence Design Systems Stock Up 2.3%

Cadence Design Systems stock opened at $345.10 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67. The stock has a market capitalization of $94.04 billion, a price-to-earnings ratio of 93.27, a PEG ratio of 4.42 and a beta of 0.99. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The business has a fifty day moving average price of $346.99 and a 200-day moving average price of $322.08.

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

Analyst Ratings Changes

CDNS has been the topic of several recent research reports. Wells Fargo & Company increased their target price on Cadence Design Systems from $365.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. BNP Paribas Exane initiated coverage on Cadence Design Systems in a research report on Thursday, October 2nd. They set an “outperform” rating and a $400.00 target price on the stock. Rosenblatt Securities reaffirmed a “neutral” rating and set a $320.00 target price on shares of Cadence Design Systems in a research report on Wednesday. Needham & Company LLC increased their target price on Cadence Design Systems from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Finally, Loop Capital increased their target price on Cadence Design Systems from $370.00 to $390.00 and gave the company a “buy” rating 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 has a consensus rating of “Moderate Buy” and a consensus target price of $369.71.

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.