Cresset Asset Management LLC Has $1.25 Million Holdings in Cadence Design Systems, Inc. $CDNS

Cresset Asset Management LLC lowered its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 25.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,929 shares of the software maker’s stock after selling 1,666 shares during the quarter. Cresset Asset Management LLC’s holdings in Cadence Design Systems were worth $1,254,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CDNS. Brighton Jones LLC raised its holdings in shares of Cadence Design Systems by 80.2% during the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after acquiring an additional 676 shares during the period. Highview Capital Management LLC DE grew its position in Cadence Design Systems by 2.7% during the fourth quarter. Highview Capital Management LLC DE now owns 6,304 shares of the software maker’s stock valued at $1,894,000 after purchasing an additional 163 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Cadence Design Systems by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 583,275 shares of the software maker’s stock valued at $175,269,000 after purchasing an additional 4,174 shares in the last quarter. TD Waterhouse Canada Inc. grew its position in Cadence Design Systems by 7.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 10,304 shares of the software maker’s stock valued at $3,096,000 after purchasing an additional 733 shares in the last quarter. Finally, OneDigital Investment Advisors LLC grew its position in Cadence Design Systems by 12.1% during the fourth quarter. OneDigital Investment Advisors LLC now owns 3,896 shares of the software maker’s stock valued at $1,171,000 after purchasing an additional 419 shares in the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Stock Performance

CDNS stock opened at $345.45 on Thursday. The company has a quick ratio of 2.67, a current ratio of 2.82 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $94.13 billion, a price-to-earnings ratio of 93.37, a P/E/G ratio of 4.55 and a beta of 0.97. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. The firm has a 50 day moving average of $327.57 and a two-hundred day moving average of $295.14.

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 company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The company’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm 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. As a group, equities analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $304.00, for a total value of $54,720.00. Following the completion of the sale, the director directly owned 8,010 shares in the company, valued at approximately $2,435,040. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.72, for a total transaction of $358,720.00. Following the completion of the sale, the vice president owned 104,499 shares of the company’s stock, valued at $37,485,881.28. The trade was a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,830 shares of company stock valued at $1,207,671 over the last 90 days. 1.99% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CDNS has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price objective on shares of Cadence Design Systems from $350.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Needham & Company LLC boosted 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 report on Tuesday, July 29th. Wall Street Zen downgraded shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research report on Sunday, July 20th. Piper Sandler reaffirmed a “neutral” rating and set a $355.00 price objective (up from $328.00) on shares of Cadence Design Systems in a research report on Tuesday, July 29th. Finally, Wells Fargo & Company boosted their price objective on shares of Cadence Design Systems from $365.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Twelve research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $364.33.

About Cadence Design Systems

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.