Ninety One UK Ltd Sells 8,921 Shares of Cadence Design Systems, Inc. $CDNS

Ninety One UK Ltd trimmed its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 4.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 186,605 shares of the software maker’s stock after selling 8,921 shares during the quarter. Ninety One UK Ltd’s holdings in Cadence Design Systems were worth $57,502,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CDNS. Smallwood Wealth Investment Management LLC bought a new stake in Cadence Design Systems in the 1st quarter valued at about $25,000. Costello Asset Management INC bought a new position in Cadence Design Systems in the first quarter worth approximately $25,000. Saudi Central Bank acquired a new stake in Cadence Design Systems in the first quarter valued at approximately $27,000. Valley National Advisers Inc. increased its holdings in shares of Cadence Design Systems by 707.1% during the first quarter. Valley National Advisers Inc. now owns 113 shares of the software maker’s stock valued at $28,000 after acquiring an additional 99 shares in the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Cadence Design Systems by 36.5% during the first quarter. Meeder Asset Management Inc. now owns 172 shares of the software maker’s stock worth $44,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Trading Up 0.8%

Shares of CDNS stock opened at $351.26 on Wednesday. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week 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 company has a 50-day simple moving average of $351.77 and a two-hundred day simple moving average of $312.18. The company has a market capitalization of $95.71 billion, a price-to-earnings ratio of 94.94, a PEG ratio of 4.57 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, topping the consensus estimate of $1.56 by $0.09. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter last year, the firm earned $1.28 EPS. The company’s quarterly 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 fiscal year.

Analyst Upgrades and Downgrades

CDNS has been the subject of several research reports. Rosenblatt Securities reissued a “neutral” rating and issued a $300.00 price target on shares of Cadence Design Systems in a research report on Friday, July 25th. Wall Street Zen cut shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a report on Sunday, September 21st. Stifel Nicolaus upped their target price on shares of Cadence Design Systems from $350.00 to $395.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Loop Capital raised their price target on shares of Cadence Design Systems from $370.00 to $390.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Finally, KeyCorp boosted their price objective on Cadence Design Systems from $358.00 to $405.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cadence Design Systems has a consensus rating of “Moderate Buy” and an average target price of $364.33.

Insiders Place Their Bets

In other news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $343.95, for a total transaction of $343,950.00. Following the sale, the vice president directly owned 102,499 shares in the company, valued at $35,254,531.05. The trade was a 0.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total transaction of $60,211.80. Following the completion of the transaction, the director directly owned 7,830 shares in the company, valued at $2,619,213.30. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,180 shares of company stock worth $762,882 over the last quarter. 0.37% of the stock is currently owned by corporate 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.