Cadence Design Systems, Inc. $CDNS Shares Purchased by Highview Capital Management LLC DE

Highview Capital Management LLC DE raised its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 2.9% during the second quarter, Holdings Channel reports. The institutional investor owned 6,709 shares of the software maker’s stock after buying an additional 187 shares during the period. Highview Capital Management LLC DE’s holdings in Cadence Design Systems were worth $2,067,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Brighton Jones LLC increased its stake in Cadence Design Systems by 80.2% in the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after purchasing an additional 676 shares during the last quarter. Private Advisor Group LLC raised its position in Cadence Design Systems by 1.3% in the 1st quarter. Private Advisor Group LLC now owns 10,085 shares of the software maker’s stock valued at $2,565,000 after purchasing an additional 126 shares during the last quarter. Gallacher Capital Management LLC boosted its stake in Cadence Design Systems by 4.5% during the 1st quarter. Gallacher Capital Management LLC now owns 1,330 shares of the software maker’s stock worth $338,000 after purchasing an additional 57 shares during the period. Hazlett Burt & Watson Inc. grew its position in Cadence Design Systems by 338.0% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 219 shares of the software maker’s stock worth $56,000 after purchasing an additional 169 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its stake in Cadence Design Systems by 393.1% in the first quarter. Crestwood Advisors Group LLC now owns 3,728 shares of the software maker’s stock valued at $948,000 after purchasing an additional 2,972 shares during the period. 84.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cadence Design Systems

In related news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems 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 completion of the sale, the vice president owned 102,499 shares in the company, valued at approximately $35,254,531.05. This trade represents a 0.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Anirudh Devgan sold 5,550 shares of the business’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $327.80, for a total transaction of $1,819,290.00. Following the completion of the transaction, the chief executive officer directly owned 195,844 shares of the company’s stock, valued at $64,197,663.20. The trade was a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 16,230 shares of company stock valued at $5,530,682. Company insiders own 1.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Robert W. Baird boosted their price target on Cadence Design Systems from $390.00 to $418.00 and gave the company an “outperform” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lifted their target price on shares of Cadence Design Systems from $390.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Wells Fargo & Company boosted their target price on Cadence Design Systems from $405.00 to $410.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Berenberg Bank set a $400.00 price target on Cadence Design Systems in a report on Wednesday, July 30th. Finally, Stifel Nicolaus upped their price objective on Cadence Design Systems from $350.00 to $395.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Fourteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $376.00.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $303.21 on Wednesday. The stock has a fifty day moving average price of $339.25 and a 200 day moving average price of $329.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.67 and a current ratio of 3.05. The stock has a market cap of $82.53 billion, a PE ratio of 78.15, a P/E/G ratio of 4.55 and a beta of 1.00. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings results on Monday, October 27th. The software maker reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.14. Cadence Design Systems had a return on equity of 30.13% and a net margin of 20.35%.The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business posted $1.64 earnings per share. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. Cadence Design Systems has set its FY 2025 guidance at 7.020-7.080 EPS. Q4 2025 guidance at 1.880-1.940 EPS. Sell-side analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

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.