Cadence Design Systems, Inc. $CDNS Shares Bought by Realta Investment Advisors

Realta Investment Advisors lifted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 5.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,198 shares of the software maker’s stock after buying an additional 152 shares during the period. Realta Investment Advisors’ holdings in Cadence Design Systems were worth $985,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CDNS. Checchi Capital Advisers LLC raised its position in Cadence Design Systems by 8.7% during the second quarter. Checchi Capital Advisers LLC now owns 2,347 shares of the software maker’s stock valued at $723,000 after buying an additional 188 shares during the period. Bank Hapoalim BM purchased a new stake in Cadence Design Systems in the 2nd quarter worth about $217,000. LGT Fund Management Co Ltd. lifted its stake in Cadence Design Systems by 101.8% in the 2nd quarter. LGT Fund Management Co Ltd. now owns 7,062 shares of the software maker’s stock worth $2,176,000 after acquiring an additional 3,562 shares in the last quarter. 111 Capital purchased a new stake in Cadence Design Systems in the 2nd quarter worth about $472,000. Finally, Ascent Group LLC lifted its stake in Cadence Design Systems by 33.5% in the 2nd quarter. Ascent Group LLC now owns 1,867 shares of the software maker’s stock worth $575,000 after acquiring an additional 469 shares in the last quarter. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Stock Performance

NASDAQ CDNS opened at $347.27 on Friday. The stock has a market cap of $94.63 billion, a P/E ratio of 93.86, a PEG ratio of 4.55 and a beta of 0.99. The company’s 50-day simple moving average is $353.04 and its 200 day simple moving average is $314.12. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45. The company has a quick ratio of 2.67, a current ratio of 2.82 and a debt-to-equity ratio of 0.49.

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 business had revenue of $1.28 billion during 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%.Cadence Design Systems’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the company 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. As a group, research analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of Cadence Design Systems 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 completion of the transaction, the director directly owned 7,830 shares of the company’s stock, valued at approximately $2,619,213.30. This trade represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John M. Wall sold 7,500 shares of Cadence Design Systems stock in a transaction on 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 transaction, the chief financial officer directly owned 70,715 shares of the company’s stock, valued at approximately $24,690,849.40. The trade was a 9.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,680 shares of company stock valued at $3,729,852. 1.99% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CDNS. Wall Street Zen downgraded Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a research report on Saturday, September 27th. Berenberg Bank set a $400.00 target price on Cadence Design Systems in a research report on Wednesday, July 30th. Needham & Company LLC upped their target price 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. Finally, Stifel Nicolaus upped their target price on Cadence Design Systems from $350.00 to $395.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Fourteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cadence Design Systems 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.