JGP Wealth Management LLC Purchases 62 Shares of Cadence Design Systems, Inc. $CDNS

JGP Wealth Management LLC raised its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,006 shares of the software maker’s stock after purchasing an additional 62 shares during the period. JGP Wealth Management LLC’s holdings in Cadence Design Systems were worth $926,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of 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 buying an additional 676 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Cadence Design Systems by 22.5% in the first quarter. GAMMA Investing LLC now owns 4,790 shares of the software maker’s stock valued at $1,218,000 after buying an additional 879 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in shares of Cadence Design Systems by 9.5% in the first quarter. Dynamic Advisor Solutions LLC now owns 3,613 shares of the software maker’s stock valued at $919,000 after buying an additional 313 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Cadence Design Systems in the first quarter valued at approximately $830,000. Finally, Sagespring Wealth Partners LLC boosted its holdings in shares of Cadence Design Systems by 33.5% in the first quarter. Sagespring Wealth Partners LLC now owns 2,851 shares of the software maker’s stock valued at $725,000 after buying an additional 715 shares during the period. Institutional investors own 84.85% of the company’s stock.

Wall Street Analyst Weigh In

CDNS has been the subject of several research analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a report on Wednesday, October 8th. Berenberg Bank set a $400.00 price target on shares of Cadence Design Systems in a report on Wednesday, July 30th. Rosenblatt Securities reiterated a “neutral” rating and issued a $300.00 price target on shares of Cadence Design Systems in a report on Friday, July 25th. Needham & Company LLC upped their price target on shares of Cadence Design Systems from $325.00 to $390.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Finally, Wall Street Zen cut shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Thirteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $368.53.

Insiders Place Their Bets

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the company’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total transaction of $60,211.80. Following the sale, the director directly owned 7,830 shares of the company’s stock, valued at approximately $2,619,213.30. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO John M. Wall sold 7,500 shares of the company’s stock in a transaction 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 sale, the chief financial officer directly owned 70,715 shares in the company, valued at $24,690,849.40. This trade represents 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 have sold 10,680 shares of company stock valued at $3,729,852. 0.37% of the stock is currently owned by corporate insiders.

Cadence Design Systems Stock Performance

Shares of CDNS opened at $325.75 on Wednesday. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. The firm has a fifty day simple moving average of $350.33 and a 200 day simple moving average of $317.89. The stock has a market capitalization of $88.76 billion, a price-to-earnings ratio of 88.04, a PEG ratio of 4.36 and a beta of 0.99. 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 (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted $1.28 earnings per share. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. Research analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Cadence Design Systems Company 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.