Cadence Design Systems, Inc. $CDNS Shares Purchased by Harbour Investments Inc.

Harbour Investments Inc. increased its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 17.8% during the 2nd quarter, Holdings Channel.com reports. The fund owned 358 shares of the software maker’s stock after buying an additional 54 shares during the period. Harbour Investments Inc.’s holdings in Cadence Design Systems were worth $110,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CDNS. AEGON ASSET MANAGEMENT UK Plc increased its stake in shares of Cadence Design Systems by 58.4% in the second quarter. AEGON ASSET MANAGEMENT UK Plc now owns 166,010 shares of the software maker’s stock valued at $51,124,000 after purchasing an additional 61,215 shares during the period. JGP Wealth Management LLC increased its stake in shares of Cadence Design Systems by 2.1% in the second quarter. JGP Wealth Management LLC now owns 3,006 shares of the software maker’s stock valued at $926,000 after purchasing an additional 62 shares during the period. J.Safra Asset Management Corp increased its stake in shares of Cadence Design Systems by 203.9% in the second quarter. J.Safra Asset Management Corp now owns 155 shares of the software maker’s stock valued at $47,000 after purchasing an additional 104 shares during the period. Courier Capital LLC acquired a new stake in shares of Cadence Design Systems in the second quarter valued at approximately $230,000. Finally, Sagespring Wealth Partners LLC increased its stake in shares of Cadence Design Systems by 38.1% in the second quarter. Sagespring Wealth Partners LLC now owns 3,936 shares of the software maker’s stock valued at $1,213,000 after purchasing an additional 1,085 shares during the period. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Price Performance

NASDAQ CDNS opened at $337.27 on Friday. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. 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 firm has a market capitalization of $91.90 billion, a PE ratio of 91.15, a P/E/G ratio of 4.33 and a beta of 0.99. The company’s 50 day simple moving average is $347.09 and its 200 day simple moving average is $321.29.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the business earned $1.28 earnings per share. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. 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, equities research analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $320.00 price target on shares of Cadence Design Systems in a research note on Wednesday. Loop Capital raised their price target on shares of Cadence Design Systems from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Wall Street Zen lowered shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a research note on Wednesday, October 8th. Finally, Needham & Company LLC raised their price objective on shares of Cadence Design Systems from $325.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Thirteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cadence Design Systems has a consensus rating of “Moderate Buy” and an average price target of $369.71.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $348.27, for a total value of $348,270.00. Following the transaction, the vice president owned 99,672 shares in the company, valued at approximately $34,712,767.44. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO John M. Wall sold 7,500 shares of Cadence Design Systems stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $349.16, for a total transaction of $2,618,700.00. Following the completion of the transaction, the chief financial officer owned 70,715 shares in the company, valued at approximately $24,690,849.40. This trade represents a 9.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,680 shares of company stock worth $3,729,852. 1.99% of the stock is owned by insiders.

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.