Cadence Design Systems, Inc. $CDNS Stock Position Decreased by Aberdeen Group plc

Aberdeen Group plc cut its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 6.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 526,223 shares of the software maker’s stock after selling 34,431 shares during the quarter. Aberdeen Group plc’s holdings in Cadence Design Systems were worth $162,279,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Novem Group boosted its stake in shares of Cadence Design Systems by 30.3% during the 1st quarter. Novem Group now owns 4,067 shares of the software maker’s stock worth $1,034,000 after acquiring an additional 945 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of Cadence Design Systems by 19.9% in the first quarter. Brookstone Capital Management now owns 17,430 shares of the software maker’s stock valued at $4,433,000 after purchasing an additional 2,898 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cadence Design Systems by 10.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,994 shares of the software maker’s stock valued at $44,064,000 after purchasing an additional 14,022 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Cadence Design Systems by 22.5% in the first quarter. GAMMA Investing LLC now owns 4,790 shares of the software maker’s stock valued at $1,218,000 after purchasing an additional 879 shares in the last quarter. Finally, Amalgamated Bank lifted its holdings in shares of Cadence Design Systems by 2.2% in the first quarter. Amalgamated Bank now owns 58,225 shares of the software maker’s stock valued at $14,808,000 after purchasing an additional 1,228 shares in the last quarter. 84.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CDNS. KeyCorp increased their target price on Cadence Design Systems from $358.00 to $405.00 and gave the company an “overweight” 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 company an “outperform” rating in a report on Tuesday, July 29th. Wall Street Zen lowered Cadence Design Systems from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Rosenblatt Securities restated a “neutral” rating and issued a $300.00 target price on shares of Cadence Design Systems in a report on Friday, July 25th. Finally, BNP Paribas initiated coverage on Cadence Design Systems in a report on Thursday, October 2nd. They set an “outperform” rating and a $400.00 price objective for the company. Fourteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $368.53.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $348.27, for a total transaction of $348,270.00. Following the transaction, the vice president directly owned 99,672 shares of the company’s stock, valued at $34,712,767.44. This represents a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John M. Wall sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, September 30th. The shares were sold at an average price of $349.16, for a total value of $2,618,700.00. Following the completion of the sale, the chief financial officer directly owned 70,715 shares in the company, valued at approximately $24,690,849.40. This represents a 9.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,680 shares of company stock valued at $3,729,852 over the last three months. 1.99% of the stock is currently owned by insiders.

Cadence Design Systems Trading Down 6.2%

Cadence Design Systems stock opened at $327.00 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 company has a market capitalization 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, Inc. has a one year low of $221.56 and a one year high of $376.45. The company’s fifty day moving average price is $351.68 and its two-hundred day moving average price is $316.56.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, July 28th. The software maker reported $1.65 EPS 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 the consensus estimate of $1.25 billion. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the prior year, the business posted $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, analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal 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.