Cadence Design Systems, Inc. $CDNS Shares Purchased by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC raised its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 38.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,936 shares of the software maker’s stock after buying an additional 1,085 shares during the period. Sagespring Wealth Partners LLC’s holdings in Cadence Design Systems were worth $1,213,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB grew its holdings in Cadence Design Systems by 3.2% during the 2nd quarter. Wilmington Savings Fund Society FSB now owns 7,833 shares of the software maker’s stock valued at $2,414,000 after buying an additional 246 shares during the last quarter. Morningstar Investment Management LLC acquired a new stake in Cadence Design Systems during the 2nd quarter valued at $260,000. RFG Advisory LLC grew its holdings in Cadence Design Systems by 4.9% during the 2nd quarter. RFG Advisory LLC now owns 2,126 shares of the software maker’s stock valued at $655,000 after buying an additional 100 shares during the last quarter. Cornerstone Wealth Group LLC acquired a new stake in Cadence Design Systems during the 2nd quarter valued at $230,000. Finally, NorthRock Partners LLC grew its holdings in Cadence Design Systems by 14.2% during the 2nd quarter. NorthRock Partners LLC now owns 3,457 shares of the software maker’s stock valued at $1,065,000 after buying an additional 429 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Trading Down 0.5%

NASDAQ:CDNS opened at $324.10 on Thursday. The business’s 50-day moving average is $349.61 and its two-hundred day moving average is $317.93. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. The firm has a market capitalization of $88.31 billion, a PE ratio of 87.59, a price-to-earnings-growth ratio of 4.27 and a beta of 0.99.

Cadence Design Systems (NASDAQ:CDNS) last released 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 posted $1.28 earnings per share. The firm’s 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 predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on Cadence Design Systems from $365.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Loop Capital raised their price objective on Cadence Design Systems from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Robert W. Baird lifted their target price on Cadence Design Systems from $340.00 to $380.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a report on Wednesday, October 8th. Finally, Stifel Nicolaus raised their price objective on Cadence Design Systems from $350.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Thirteen equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $368.53.

Insider Transactions at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total transaction of $348,270.00. Following the sale, the vice president directly owned 99,672 shares of the company’s stock, valued at approximately $34,712,767.44. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John M. Wall sold 7,500 shares of Cadence Design Systems stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $349.16, for a total value of $2,618,700.00. Following the sale, the chief financial officer directly owned 70,715 shares in the company, valued at approximately $24,690,849.40. The trade was a 9.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,680 shares of company stock valued at $3,729,852. 1.99% of the stock is currently owned by insiders.

Cadence Design Systems 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.