Barrett & Company Inc. Buys Shares of 100 Cadence Design Systems, Inc. $CDNS

Barrett & Company Inc. purchased a new position in Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 100 shares of the software maker’s stock, valued at approximately $31,000.

Other large investors have also recently made changes to their positions in the company. Merit Financial Group LLC raised its position in shares of 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 worth $805,000 after acquiring an additional 946 shares in the last quarter. Novem Group raised its position in shares of Cadence Design Systems by 30.3% in 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. Seilern Investment Management Ltd bought a new position in shares of Cadence Design Systems in the 1st quarter worth $64,800,000. Brookstone Capital Management raised its position in shares of Cadence Design Systems by 19.9% in the 1st quarter. Brookstone Capital Management now owns 17,430 shares of the software maker’s stock worth $4,433,000 after acquiring an additional 2,898 shares in the last quarter. Finally, GAMMA Investing LLC raised its position 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 acquiring an additional 879 shares in the last quarter. 84.85% of the stock is owned by institutional investors.

Insider Buying and Selling at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the company’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO John M. Wall sold 7,500 shares of the company’s stock in a transaction dated Tuesday, September 30th. The stock was 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 owned 70,715 shares in the company, valued at $24,690,849.40. The trade was a 9.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,680 shares of company stock worth $3,729,852. 1.99% of the stock is currently owned by insiders.

Cadence Design Systems Stock Up 0.0%

Cadence Design Systems stock opened at $347.27 on Friday. 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 business’s 50-day simple moving average is $353.04 and its two-hundred day simple moving average is $313.74. The company has a market cap of $94.63 billion, a PE ratio of 93.86, a PEG ratio of 4.55 and a beta of 0.99. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.09. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business 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 analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CDNS shares. Needham & Company LLC boosted their price target on Cadence Design Systems from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. 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. Rosenblatt Securities restated a “neutral” rating and set a $300.00 target price on shares of Cadence Design Systems in a research note on Friday, July 25th. Wall Street Zen downgraded Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Finally, BNP Paribas Exane started coverage on Cadence Design Systems in a research note on Thursday. They set an “outperform” rating and a $400.00 target price on the stock. Fourteen equities 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $368.53.

Cadence Design Systems 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.