Cadence Design Systems, Inc. $CDNS Shares Purchased by Brookstone Capital Management

Brookstone Capital Management lifted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 32.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,057 shares of the software maker’s stock after acquiring an additional 5,627 shares during the quarter. Brookstone Capital Management’s holdings in Cadence Design Systems were worth $7,105,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CDNS. Novem Group raised its stake in Cadence Design Systems by 30.3% during the 1st quarter. Novem Group now owns 4,067 shares of the software maker’s stock valued at $1,034,000 after acquiring an additional 945 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cadence Design Systems by 10.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 142,994 shares of the software maker’s stock worth $44,064,000 after purchasing an additional 14,022 shares during the period. GAMMA Investing LLC raised its position in shares of Cadence Design Systems by 22.5% during the first quarter. GAMMA Investing LLC now owns 4,790 shares of the software maker’s stock worth $1,218,000 after purchasing an additional 879 shares during the period. Amalgamated Bank raised its position in shares of Cadence Design Systems by 2.2% during the first quarter. Amalgamated Bank now owns 58,225 shares of the software maker’s stock worth $14,808,000 after purchasing an additional 1,228 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Cadence Design Systems during the first quarter worth $12,031,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the company’s 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 owned 7,830 shares of the company’s stock, valued at $2,619,213.30. This represents a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $348.27, for a total value of $348,270.00. Following the completion of the sale, the vice president owned 99,672 shares in the company, valued at approximately $34,712,767.44. This represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,680 shares of company stock valued at $3,729,852 in the last quarter. Corporate insiders own 1.99% of the company’s stock.

Wall Street Analyst Weigh In

CDNS has been the topic of a number of research analyst reports. Piper Sandler reiterated a “neutral” rating and set a $355.00 price target (up previously from $328.00) on shares of Cadence Design Systems in a report on Tuesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a research note on Wednesday, October 8th. Berenberg Bank set a $400.00 target price on Cadence Design Systems in a research note on Wednesday, July 30th. Rosenblatt Securities restated a “neutral” rating and issued a $320.00 target price on shares of Cadence Design Systems in a research note on Wednesday. Finally, Wall Street Zen cut Cadence Design Systems from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $369.71.

Cadence Design Systems Price Performance

NASDAQ CDNS opened at $330.51 on Thursday. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82. The stock has a market capitalization of $90.06 billion, a PE ratio of 89.33, a P/E/G ratio of 4.37 and a beta of 0.99. The stock has a 50-day simple moving average of $347.32 and a 200 day simple moving average of $320.58.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data 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. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the firm earned $1.28 EPS. 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 anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

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.