DekaBank Deutsche Girozentrale Has $157.98 Million Stock Position in Cadence Design Systems, Inc. $CDNS

DekaBank Deutsche Girozentrale reduced its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 0.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 516,204 shares of the software maker’s stock after selling 514 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.19% of Cadence Design Systems worth $157,977,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Smallwood Wealth Investment Management LLC acquired a new stake in Cadence Design Systems in the first quarter valued at about $25,000. Costello Asset Management INC acquired a new stake in Cadence Design Systems in the first quarter valued at about $25,000. Saudi Central Bank acquired a new stake in Cadence Design Systems in the first quarter valued at about $27,000. Valley National Advisers Inc. boosted its stake in Cadence Design Systems by 707.1% in the first quarter. Valley National Advisers Inc. now owns 113 shares of the software maker’s stock valued at $28,000 after buying an additional 99 shares in the last quarter. Finally, Barrett & Company Inc. acquired a new stake in Cadence Design Systems in the second quarter valued at about $31,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Cadence Design Systems Price Performance

Cadence Design Systems stock opened at $329.64 on Tuesday. 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 $89.82 billion, a PE ratio of 89.09, a P/E/G ratio of 4.28 and a beta of 0.99. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. The stock has a 50-day moving average price of $348.10 and a two-hundred day moving average price of $320.42.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, beating the consensus estimate of $1.56 by $0.09. The firm had revenue of $1.28 billion during 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 business’s quarterly revenue was up 20.2% on a year-over-year basis. During the same period last year, the company earned $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. Analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Analyst Ratings Changes

Several analysts recently weighed in on CDNS shares. BNP Paribas Exane started coverage on Cadence Design Systems in a research note on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 price objective on the stock. Berenberg Bank set a $400.00 price objective on Cadence Design Systems in a research note on Wednesday, July 30th. 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 note on Tuesday, July 29th. Piper Sandler reiterated a “neutral” rating and issued a $355.00 target price (up from $328.00) on shares of Cadence Design Systems in a research report on Tuesday, July 29th. Finally, BNP Paribas assumed coverage on Cadence Design Systems in a research report on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 target price for the company. Thirteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cadence Design Systems presently has an average rating of “Moderate Buy” and an average target price of $368.53.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems 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 transaction, the vice president directly owned 99,672 shares of the company’s stock, valued at $34,712,767.44. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total value of $60,211.80. Following the completion of the transaction, the director directly owned 7,830 shares in the company, valued at approximately $2,619,213.30. This represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,680 shares of company stock valued at $3,729,852 over the last ninety days. 1.99% of the stock is 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.