Clear Harbor Asset Management LLC Has $4.85 Million Stake in Cadence Design Systems, Inc. $CDNS

Clear Harbor Asset Management LLC increased its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 20.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 15,732 shares of the software maker’s stock after purchasing an additional 2,665 shares during the quarter. Clear Harbor Asset Management LLC’s holdings in Cadence Design Systems were worth $4,848,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new stake in shares of Cadence Design Systems during the first quarter worth $25,000. Costello Asset Management INC acquired a new stake in Cadence Design Systems in the first quarter valued at $25,000. Saudi Central Bank acquired a new stake in shares of Cadence Design Systems during the 1st quarter worth about $27,000. Valley National Advisers Inc. lifted its stake in shares of 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 buying an additional 99 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of 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 buying an additional 46 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Price Performance

CDNS opened at $373.35 on Monday. The company has a market capitalization of $101.73 billion, a price-to-earnings ratio of 100.91, a PEG ratio of 4.90 and a beta of 1.00. The business’s fifty day simple moving average is $346.27 and its 200-day simple moving average is $306.97. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $376.45. 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 issued its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, beating the consensus estimate of $1.56 by $0.09. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the company earned $1.28 earnings per share. Cadence Design Systems’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. On average, equities research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CDNS has been the topic of a number of recent research reports. Stifel Nicolaus raised their price target on shares of Cadence Design Systems from $350.00 to $395.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Needham & Company LLC boosted 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 report on Tuesday, July 29th. Rosenblatt Securities restated a “neutral” rating and issued a $300.00 price target on shares of Cadence Design Systems in a research report on Friday, July 25th. Robert W. Baird boosted their price target on shares of Cadence Design Systems from $340.00 to $380.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Finally, Mizuho lifted their price objective on shares of Cadence Design Systems from $360.00 to $375.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $364.33.

Insider Buying and Selling

In other news, VP Paul Cunningham sold 1,000 shares of the 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 completion of the transaction, the vice president directly owned 102,499 shares of the company’s stock, valued at approximately $35,254,531.05. This represents a 0.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total value of $60,211.80. Following the sale, the director owned 7,830 shares in the company, valued at approximately $2,619,213.30. This trade represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,180 shares of company stock valued at $1,069,232. Company insiders own 0.37% of the company’s stock.

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.