Cadence Design Systems, Inc. $CDNS Shares Sold by MetLife Investment Management LLC

MetLife Investment Management LLC decreased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 1.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 83,071 shares of the software maker’s stock after selling 1,508 shares during the period. MetLife Investment Management LLC’s holdings in Cadence Design Systems were worth $21,127,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Smallwood Wealth Investment Management LLC acquired a new position in shares of Cadence Design Systems in the 1st quarter valued at $25,000. Costello Asset Management INC acquired a new position in shares of Cadence Design Systems in the 1st quarter valued at $25,000. Valley National Advisers Inc. boosted its stake in Cadence Design Systems by 707.1% during the 1st quarter. Valley National Advisers Inc. now owns 113 shares of the software maker’s stock worth $28,000 after purchasing an additional 99 shares during the period. Ancora Advisors LLC boosted its stake in Cadence Design Systems by 1,400.0% during the 4th quarter. Ancora Advisors LLC now owns 120 shares of the software maker’s stock worth $36,000 after purchasing an additional 112 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in Cadence Design Systems by 36.5% during the 1st quarter. Meeder Asset Management Inc. now owns 172 shares of the software maker’s stock worth $44,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Stock Up 0.6%

CDNS stock opened at $349.63 on Monday. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. The stock has a market capitalization of $95.27 billion, a PE ratio of 94.49, a price-to-earnings-growth ratio of 4.59 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82. The company has a fifty day moving average of $329.35 and a 200-day moving average of $295.73.

Cadence Design Systems (NASDAQ:CDNS) last released 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. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the business earned $1.28 EPS. The business’s revenue 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, analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Wall Street Analyst Weigh In

CDNS has been the subject of a number of recent research reports. KeyCorp increased their price target on shares of Cadence Design Systems from $358.00 to $405.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. The Goldman Sachs Group initiated coverage on shares of Cadence Design Systems in a research note on Thursday, July 10th. They set a “buy” rating and a $380.00 price target for the company. Wall Street Zen upgraded shares of Cadence Design Systems from a “hold” rating to a “buy” rating in a research note on Saturday. Rosenblatt Securities reiterated a “neutral” rating and set a $300.00 price target on shares of Cadence Design Systems in a research note on Friday, July 25th. Finally, Needham & Company LLC increased their price target on shares of Cadence Design Systems from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Twelve 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. According to data from MarketBeat.com, Cadence Design Systems has a consensus rating of “Moderate Buy” and a consensus target price of $364.33.

Insider Buying and Selling at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the stock in a transaction dated 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 transaction, the director owned 8,010 shares in the company, valued at $2,435,040. This trade represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $358.72, for a total transaction of $358,720.00. Following the completion of the transaction, the vice president owned 104,499 shares of the company’s stock, valued at $37,485,881.28. This represents a 0.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,830 shares of company stock valued at $1,207,671 in the last 90 days. Company insiders own 0.37% of the company’s stock.

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.