Commerzbank Aktiengesellschaft FI Sells 247 Shares of Cadence Design Systems, Inc. $CDNS

Commerzbank Aktiengesellschaft FI lessened its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 8.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,815 shares of the software maker’s stock after selling 247 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Cadence Design Systems were worth $868,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CDNS. Smallwood Wealth Investment Management LLC acquired a new position in Cadence Design Systems during the first quarter worth approximately $25,000. Costello Asset Management INC acquired a new position in Cadence Design Systems during the first quarter worth approximately $25,000. Barrett & Company Inc. acquired a new position in Cadence Design Systems during the second quarter worth approximately $31,000. Saudi Central Bank acquired a new position in Cadence Design Systems during the first quarter worth approximately $27,000. Finally, Valley National Advisers Inc. increased its position in Cadence Design Systems by 707.1% during the first 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. Institutional investors own 84.85% of the company’s stock.

Wall Street Analysts Forecast Growth

CDNS has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a research report on Wednesday. Mizuho boosted their price target on Cadence Design Systems from $360.00 to $375.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. BNP Paribas Exane initiated coverage on Cadence Design Systems in a research report on Thursday, October 2nd. They set an “outperform” rating and a $400.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Cadence Design Systems from $330.00 to $390.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $300.00 target price on shares of Cadence Design Systems in a research report on Friday, July 25th. Fourteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $368.53.

Insider Buying and Selling

In related news, CFO John M. Wall sold 7,500 shares of the stock in a transaction that occurred 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 owned 70,715 shares of the company’s stock, valued at $24,690,849.40. This represents a 9.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total value of $348,270.00. Following the sale, the vice president directly owned 99,672 shares in the company, valued at $34,712,767.44. This represents a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,680 shares of company stock valued at $3,729,852 over the last 90 days. 1.99% of the stock is owned by corporate insiders.

Cadence Design Systems Price Performance

Cadence Design Systems stock opened at $327.00 on Friday. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. The stock’s 50 day moving average is $351.68 and its 200-day moving average is $316.56. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $89.10 billion, a price-to-earnings ratio of 88.38, a PEG ratio of 4.57 and a beta of 0.99.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior 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. Equities research analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

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.