Cadence Design Systems, Inc. $CDNS Shares Bought by Rogco LP

Rogco LP raised its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 5.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,854 shares of the software maker’s stock after purchasing an additional 147 shares during the period. Rogco LP’s holdings in Cadence Design Systems were worth $879,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CDNS. Merit Financial Group LLC lifted its stake in Cadence Design Systems by 42.6% in the 1st quarter. Merit Financial Group LLC now owns 3,165 shares of the software maker’s stock valued at $805,000 after buying an additional 946 shares in the last quarter. Novem Group raised its holdings in shares of Cadence Design Systems by 30.3% during the first quarter. Novem Group now owns 4,067 shares of the software maker’s stock valued at $1,034,000 after acquiring an additional 945 shares during the last quarter. Seilern Investment Management Ltd acquired a new position in shares of Cadence Design Systems during the first quarter valued at approximately $64,800,000. Brookstone Capital Management lifted its position 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 acquiring an additional 2,898 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake 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 worth $1,218,000 after acquiring an additional 879 shares during the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $343.95, for a total transaction of $343,950.00. Following the completion of the transaction, the vice president owned 102,499 shares of the company’s stock, valued at $35,254,531.05. This trade represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated Wednesday, September 10th. The shares were 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 of the company’s stock, valued at approximately $2,619,213.30. This represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,180 shares of company stock valued at $762,882. Company insiders own 0.37% of the company’s stock.

Cadence Design Systems Price Performance

Shares of CDNS stock opened at $351.26 on Wednesday. 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 $95.71 billion, a PE ratio of 94.94, a price-to-earnings-growth ratio of 4.57 and a beta of 1.00. The firm’s 50-day moving average is $351.77 and its two-hundred day moving average is $312.18. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45.

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on CDNS shares. JPMorgan Chase & Co. increased their price objective on Cadence Design Systems from $330.00 to $390.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Wells Fargo & Company upped their target price on shares of Cadence Design Systems from $365.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Piper Sandler reissued a “neutral” rating and issued a $355.00 price target (up from $328.00) on shares of Cadence Design Systems in a research note on Tuesday, July 29th. Robert W. Baird boosted their price target on shares of Cadence Design Systems from $340.00 to $380.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Finally, KeyCorp increased their price objective on shares of Cadence Design Systems from $358.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. Twelve research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $364.33.

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.