Cadence Design Systems, Inc. $CDNS Stake Boosted by Coppell Advisory Solutions LLC

Coppell Advisory Solutions LLC boosted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 776.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,156 shares of the software maker’s stock after buying an additional 1,910 shares during the period. Coppell Advisory Solutions LLC’s holdings in Cadence Design Systems were worth $548,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CDNS. Legacy Capital Wealth Partners LLC lifted its position in shares of Cadence Design Systems by 2.8% in the 1st quarter. Legacy Capital Wealth Partners LLC now owns 1,214 shares of the software maker’s stock valued at $309,000 after acquiring an additional 33 shares in the last quarter. Empower Advisory Group LLC grew its position in Cadence Design Systems by 4.1% during the 1st quarter. Empower Advisory Group LLC now owns 911 shares of the software maker’s stock worth $232,000 after purchasing an additional 36 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Cadence Design Systems by 0.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 13,337 shares of the software maker’s stock valued at $3,392,000 after purchasing an additional 36 shares during the period. Principal Street Partners LLC lifted its holdings in shares of Cadence Design Systems by 2.6% in the fourth quarter. Principal Street Partners LLC now owns 1,455 shares of the software maker’s stock valued at $437,000 after purchasing an additional 37 shares in the last quarter. Finally, Greenleaf Trust boosted its position in shares of Cadence Design Systems by 0.7% in the first quarter. Greenleaf Trust now owns 5,802 shares of the software maker’s stock worth $1,476,000 after buying an additional 39 shares during the period. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Rosenblatt Securities reissued a “neutral” rating and set a $300.00 price target on shares of Cadence Design Systems in a research report on Friday, July 25th. Robert W. Baird upped their target price on Cadence Design Systems from $340.00 to $380.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Piper Sandler restated a “neutral” rating and set a $355.00 price target (up from $328.00) on shares of Cadence Design Systems in a report on Tuesday, July 29th. The Goldman Sachs Group started coverage on shares of Cadence Design Systems in a research report on Thursday, July 10th. They set a “buy” rating and a $380.00 price objective on the stock. Finally, JPMorgan Chase & Co. increased their target price on shares of Cadence Design Systems from $330.00 to $390.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Twelve analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $364.33.

Insider Buying and Selling

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $343.95, for a total transaction of $343,950.00. Following the transaction, the vice president directly owned 102,499 shares in the company, valued at $35,254,531.05. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 4,000 shares of company stock worth $1,311,020 over the last 90 days. Corporate insiders own 1.99% of the company’s stock.

Cadence Design Systems Price Performance

Shares of CDNS opened at $360.64 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82. The firm has a market cap of $98.27 billion, a PE ratio of 97.47, a PEG ratio of 4.60 and a beta of 1.00. The firm’s 50 day moving average price is $340.32 and its 200 day moving average price is $300.27. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45.

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 company had revenue of $1.28 billion during 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 company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, research analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal 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.