Cadence Design Systems, Inc. $CDNS Shares Sold by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH decreased its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 14.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,732 shares of the software maker’s stock after selling 1,628 shares during the quarter. MASTERINVEST Kapitalanlage GmbH’s holdings in Cadence Design Systems were worth $3,418,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Cadence Design Systems by 80.2% during the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after purchasing an additional 676 shares during the period. Integrated Wealth Concepts LLC raised its holdings in shares of Cadence Design Systems by 3.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock valued at $560,000 after buying an additional 80 shares during the last quarter. Ascent Group LLC boosted its position in shares of Cadence Design Systems by 17.7% during the first quarter. Ascent Group LLC now owns 1,398 shares of the software maker’s stock worth $356,000 after buying an additional 210 shares during the period. Empowered Funds LLC grew its holdings in Cadence Design Systems by 2.5% in the 1st quarter. Empowered Funds LLC now owns 15,076 shares of the software maker’s stock worth $3,834,000 after buying an additional 368 shares in the last quarter. Finally, SCS Capital Management LLC bought a new position in Cadence Design Systems in the 1st quarter worth approximately $243,000. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Price Performance

NASDAQ:CDNS opened at $327.31 on Friday. The company has a quick ratio of 2.84, a current ratio of 3.05 and a debt-to-equity ratio of 0.48. The business’s 50-day moving average price is $318.49 and its 200 day moving average price is $332.80. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45. The firm has a market cap of $89.09 billion, a P/E ratio of 84.36, a PEG ratio of 3.56 and a beta of 1.02.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, October 27th. The software maker reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.14. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.32 billion. Cadence Design Systems had a net margin of 20.35% and a return on equity of 30.13%. Cadence Design Systems’s revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 EPS. Cadence Design Systems has set its FY 2025 guidance at 7.020-7.080 EPS and its Q4 2025 guidance at 1.880-1.940 EPS. As a group, sell-side analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CDNS has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Cadence Design Systems from $405.00 to $410.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. JPMorgan Chase & Co. lifted their price objective on shares of Cadence Design Systems from $390.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. BNP Paribas started coverage on shares of 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. Robert W. Baird raised their target price on shares of Cadence Design Systems from $390.00 to $418.00 and gave the company an “outperform” rating in a research note on Tuesday, October 28th. Finally, Citigroup initiated coverage on shares of Cadence Design Systems in a research note on Monday, November 24th. They issued a “buy” rating and a $385.00 price target for the company. Fifteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $379.11.

Insider Activity

In other news, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $315.70, for a total transaction of $315,700.00. Following the completion of the sale, the vice president directly owned 96,067 shares of the company’s stock, valued at $30,328,351.90. This trade represents a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Anirudh Devgan sold 20,000 shares of Cadence Design Systems stock in a transaction on Friday, December 5th. The stock was sold at an average price of $340.00, for a total value of $6,800,000.00. Following the completion of the transaction, the chief executive officer owned 195,844 shares in the company, valued at $66,586,960. The trade was a 9.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 62,025 shares of company stock valued at $20,369,946 in the last ninety days. 1.99% of the stock is owned by company insiders.

Cadence Design Systems Profile

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.