JNBA Financial Advisors Sells 394 Shares of Cadence Design Systems, Inc. $CDNS

JNBA Financial Advisors reduced its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 55.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 318 shares of the software maker’s stock after selling 394 shares during the period. JNBA Financial Advisors’ holdings in Cadence Design Systems were worth $98,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CDNS. Brighton Jones LLC increased its holdings in Cadence Design Systems by 80.2% during the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock worth $456,000 after purchasing an additional 676 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Cadence Design Systems by 37.2% in the 1st quarter. Farther Finance Advisors LLC now owns 3,981 shares of the software maker’s stock worth $1,030,000 after buying an additional 1,079 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Cadence Design Systems by 22.5% in the 1st quarter. GAMMA Investing LLC now owns 4,790 shares of the software maker’s stock worth $1,218,000 after buying an additional 879 shares during the last quarter. CX Institutional boosted its stake in shares of Cadence Design Systems by 2.3% in the 1st quarter. CX Institutional now owns 1,833 shares of the software maker’s stock worth $466,000 after buying an additional 42 shares during the last quarter. Finally, Simon Quick Advisors LLC boosted its stake in shares of Cadence Design Systems by 54.9% in the 1st quarter. Simon Quick Advisors LLC now owns 1,911 shares of the software maker’s stock worth $486,000 after buying an additional 677 shares during the last quarter. 84.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CDNS. Piper Sandler restated a “neutral” rating and issued a $355.00 target price (up previously from $328.00) on shares of Cadence Design Systems in a research note on Tuesday, July 29th. Berenberg Bank set a $400.00 target price on Cadence Design Systems in a research note on Wednesday, July 30th. JPMorgan Chase & Co. boosted 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. The Goldman Sachs Group began coverage on Cadence Design Systems in a research note on Thursday, July 10th. They issued a “buy” rating and a $380.00 target price on the stock. Finally, Rosenblatt Securities restated a “neutral” rating and issued a $300.00 target price on shares of Cadence Design Systems in a research note on Friday, July 25th. Fourteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Cadence Design Systems has a consensus rating of “Moderate Buy” and an average target price of $368.53.

Insiders Place Their Bets

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total transaction of $60,211.80. Following the sale, the director owned 7,830 shares in the company, valued at $2,619,213.30. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paul Cunningham sold 1,000 shares of the 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 sale, the vice president owned 99,672 shares in the company, 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 have sold a total of 10,680 shares of company stock worth $3,729,852 over the last 90 days. Corporate insiders own 1.99% of the company’s stock.

Cadence Design Systems Price Performance

Cadence Design Systems stock opened at $327.00 on Friday. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. 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 business’s 50 day simple moving average is $351.68 and its 200 day simple moving average is $316.56. The company has a market cap of $89.10 billion, a price-to-earnings ratio of 88.38, a PEG ratio of 4.57 and a beta of 0.99.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 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 business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the business earned $1.28 earnings per share. Cadence Design Systems’s revenue for the quarter was up 20.2% on a year-over-year basis. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. Sell-side analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Cadence Design Systems Company 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.