Liberty One Investment Management LLC Has $664,000 Position in Cadence Design Systems, Inc. $CDNS

Liberty One Investment Management LLC lowered its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 7.2% during the second quarter, Holdings Channel reports. The institutional investor owned 2,156 shares of the software maker’s stock after selling 168 shares during the quarter. Liberty One Investment Management LLC’s holdings in Cadence Design Systems were worth $664,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC acquired a new stake in Cadence Design Systems during the first quarter worth $25,000. Costello Asset Management INC acquired a new stake in shares of Cadence Design Systems in the 1st quarter valued at $25,000. Barrett & Company Inc. acquired a new stake in shares of Cadence Design Systems in the 2nd quarter valued at $31,000. Saudi Central Bank acquired a new stake in shares of Cadence Design Systems in the 1st quarter valued at $27,000. Finally, Valley National Advisers Inc. boosted its stake in shares of Cadence Design Systems by 707.1% in the 1st quarter. Valley National Advisers Inc. now owns 113 shares of the software maker’s stock valued at $28,000 after purchasing an additional 99 shares in the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Wall Street Analysts Forecast Growth

CDNS has been the topic of several recent analyst reports. Piper Sandler restated a “neutral” rating and issued a $355.00 target price (up previously from $328.00) on shares of Cadence Design Systems in a research note on Tuesday, July 29th. BNP Paribas initiated coverage on shares of Cadence Design Systems in a research note on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 target price on the stock. Rosenblatt Securities restated a “neutral” rating and issued a $300.00 target price on shares of Cadence Design Systems in a research note on Friday, July 25th. BNP Paribas Exane began coverage on shares of Cadence Design Systems in a research note on Thursday, October 2nd. They issued an “outperform” rating and a $400.00 target price on the stock. Finally, Wall Street Zen cut Cadence Design Systems from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Cadence Design Systems has a consensus rating of “Moderate Buy” and an average target price of $368.53.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total transaction of $348,270.00. Following the completion of the sale, the vice president directly owned 99,672 shares of the company’s stock, valued at approximately $34,712,767.44. The trade was a 0.99% decrease in their position. The sale 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 business’s stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $349.16, for a total value of $2,618,700.00. Following the sale, the chief financial officer directly owned 70,715 shares of the company’s stock, valued at $24,690,849.40. This represents a 9.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,680 shares of company stock valued at $3,729,852. 1.99% of the stock is currently owned by insiders.

Cadence Design Systems Stock Performance

Cadence Design Systems stock opened at $329.64 on Tuesday. The stock has a 50-day simple moving average of $348.10 and a 200 day simple moving average of $320.42. The company has a quick ratio of 2.67, a current ratio of 2.82 and a debt-to-equity ratio of 0.49. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $376.45. The stock has a market capitalization of $89.82 billion, a price-to-earnings ratio of 89.09, a P/E/G ratio of 4.28 and a beta of 0.99.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the business posted $1.28 earnings per share. The firm’s revenue for the quarter 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. On average, research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

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.