Ilmarinen Mutual Pension Insurance Co Reduces Stock Holdings in Cadence Design Systems, Inc. $CDNS

Ilmarinen Mutual Pension Insurance Co decreased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 21.7% in the first quarter, Holdings Channel.com reports. The firm owned 45,000 shares of the software maker’s stock after selling 12,500 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Cadence Design Systems were worth $11,445,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in Cadence Design Systems by 31,049.1% during the 1st quarter. GAMMA Investing LLC now owns 1,218,241 shares of the software maker’s stock valued at $309,835,000 after acquiring an additional 1,214,330 shares during the period. Nuveen LLC purchased a new stake in shares of Cadence Design Systems in the 1st quarter worth $289,744,000. Jennison Associates LLC lifted its holdings in shares of Cadence Design Systems by 13.2% in the 1st quarter. Jennison Associates LLC now owns 9,064,953 shares of the software maker’s stock worth $2,305,489,000 after buying an additional 1,054,702 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Cadence Design Systems by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 26,339,142 shares of the software maker’s stock worth $6,698,834,000 after buying an additional 429,955 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cadence Design Systems by 10.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,416,269 shares of the software maker’s stock worth $1,326,912,000 after buying an additional 427,418 shares during the period. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $343.95, for a total transaction of $343,950.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders sold a total of 4,000 shares of company stock worth $1,311,020 in the last quarter. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CDNS. KeyCorp boosted their price target on Cadence Design Systems from $358.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Wells Fargo & Company upped their target price on Cadence Design Systems from $365.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Piper Sandler reaffirmed a “neutral” rating and set a $355.00 target price (up from $328.00) on shares of Cadence Design Systems in a research report on Tuesday, July 29th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $300.00 target price on shares of Cadence Design Systems in a research report on Friday, July 25th. Finally, Robert W. Baird upped their target price on Cadence Design Systems from $340.00 to $380.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cadence Design Systems has an average rating of “Moderate Buy” and a consensus price target of $364.33.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $361.77 on Wednesday. The company has a market capitalization of $98.58 billion, a P/E ratio of 97.78, a P/E/G ratio of 4.73 and a beta of 1.00. The business’s 50 day moving average is $341.37 and its two-hundred day moving average is $300.69. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. 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 released its 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 business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 earnings per share. 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 expect that Cadence Design Systems, Inc. will post 5.41 EPS 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.