685 Shares in Cadence Design Systems, Inc. $CDNS Bought by Planned Solutions Inc.

Planned Solutions Inc. bought a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 685 shares of the software maker’s stock, valued at approximately $211,000.

Several other large investors have also bought and sold shares of CDNS. Nuveen LLC acquired a new stake in Cadence Design Systems during the 1st quarter worth about $289,744,000. Jennison Associates LLC lifted its position in Cadence Design Systems by 13.2% in the 1st quarter. Jennison Associates LLC now owns 9,064,953 shares of the software maker’s stock valued at $2,305,489,000 after acquiring an additional 1,054,702 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Cadence Design Systems by 466.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 786,849 shares of the software maker’s stock valued at $242,468,000 after acquiring an additional 647,931 shares in the last quarter. Vanguard Group Inc. lifted its position in Cadence Design Systems by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 26,339,142 shares of the software maker’s stock valued at $6,698,834,000 after acquiring an additional 429,955 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Cadence Design Systems by 7.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,729,026 shares of the software maker’s stock worth $1,202,733,000 after buying an additional 312,757 shares in the last quarter. 84.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CDNS. Needham & Company LLC lifted their target price 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. Mizuho lifted their target price on shares of Cadence Design Systems from $360.00 to $375.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. The Goldman Sachs Group assumed coverage on shares of Cadence Design Systems in a research report on Thursday, July 10th. They set a “buy” rating and a $380.00 target price on the stock. JPMorgan Chase & Co. lifted their price target on shares of Cadence Design Systems from $330.00 to $390.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Finally, Stifel Nicolaus lifted their price target on shares of Cadence Design Systems from $350.00 to $395.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Thirteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cadence Design Systems presently has a consensus rating of “Moderate Buy” and an average price target of $368.53.

Cadence Design Systems Trading Up 0.6%

NASDAQ:CDNS opened at $326.12 on Friday. The company has a market cap of $88.86 billion, a P/E ratio of 88.14, a P/E/G ratio of 4.28 and a beta of 0.99. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The stock’s fifty day moving average price is $348.49 and its two-hundred day moving average price is $319.25. 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 (NASDAQ:CDNS) last released its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.56 by $0.09. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior 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, analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Transactions at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the company’s 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 transaction, the director owned 7,830 shares of the company’s stock, valued at approximately $2,619,213.30. This represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John M. Wall sold 7,500 shares of the company’s stock in a transaction 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 completion of the transaction, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,680 shares of company stock valued at $3,729,852. 1.99% of the stock is currently owned by company insiders.

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.