Fiera Capital Corp Raises Stock Holdings in Cadence Design Systems, Inc. $CDNS

Fiera Capital Corp lifted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 35.1% during the second quarter, Holdings Channel reports. The fund owned 44,519 shares of the software maker’s stock after purchasing an additional 11,557 shares during the quarter. Fiera Capital Corp’s holdings in Cadence Design Systems were worth $13,719,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. acquired a new stake in shares of Cadence Design Systems during the 2nd quarter worth about $205,000. ABN Amro Investment Solutions purchased a new position in shares of Cadence Design Systems during the second quarter valued at approximately $10,815,000. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of Cadence Design Systems by 4.4% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 41,467 shares of the software maker’s stock valued at $12,778,000 after buying an additional 1,756 shares during the period. Geode Capital Management LLC boosted its position in Cadence Design Systems by 1.2% during the second quarter. Geode Capital Management LLC now owns 6,363,734 shares of the software maker’s stock worth $1,952,771,000 after acquiring an additional 77,478 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new stake in shares of Cadence Design Systems in the second quarter valued at $4,537,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Price Performance

Shares of NASDAQ CDNS opened at $315.99 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.05 and a quick ratio of 2.67. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The company has a market capitalization of $86.01 billion, a price-to-earnings ratio of 81.44, a PEG ratio of 4.55 and a beta of 1.00. The business has a 50-day moving average of $342.13 and a 200-day moving average of $329.23.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, October 27th. The software maker reported $1.93 EPS for the quarter, topping the consensus estimate of $1.79 by $0.14. The firm had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.32 billion. Cadence Design Systems had a return on equity of 30.13% and a net margin of 20.35%.Cadence Design Systems’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.64 EPS. Cadence Design Systems has set its FY 2025 guidance at 7.020-7.080 EPS. Q4 2025 guidance at 1.880-1.940 EPS. On average, equities analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Berenberg Bank set a $400.00 price objective on shares of Cadence Design Systems in a research note on Wednesday, July 30th. Stifel Nicolaus boosted their price target 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. Wall Street Zen lowered Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Sunday, September 21st. Loop Capital lifted their price objective on Cadence Design Systems from $370.00 to $390.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Finally, Robert W. Baird increased their target price on shares of Cadence Design Systems from $390.00 to $418.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 28th. Fourteen equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $376.00.

Insider Activity

In other news, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $343.95, for a total value of $343,950.00. Following the completion of the transaction, the vice president directly owned 102,499 shares in the company, valued at approximately $35,254,531.05. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John M. Wall sold 7,500 shares of the company’s stock in a transaction on Tuesday, September 30th. The shares were 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 owned 70,715 shares of the company’s stock, valued at $24,690,849.40. This trade represents a 9.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 16,230 shares of company stock valued at $5,530,682. 1.99% of the stock is currently owned by company insiders.

About Cadence Design Systems

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.