Petros Family Wealth LLC Buys 32 Shares of Cadence Design Systems, Inc. $CDNS

Petros Family Wealth LLC boosted its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 2.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,277 shares of the software maker’s stock after purchasing an additional 32 shares during the period. Petros Family Wealth LLC’s holdings in Cadence Design Systems were worth $394,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Valeo Financial Advisors LLC lifted its stake in Cadence Design Systems by 2.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,111 shares of the software maker’s stock valued at $651,000 after purchasing an additional 52 shares during the last quarter. Realta Investment Advisors lifted its stake in Cadence Design Systems by 5.0% in the 2nd quarter. Realta Investment Advisors now owns 3,198 shares of the software maker’s stock valued at $985,000 after purchasing an additional 152 shares during the last quarter. Checchi Capital Advisers LLC lifted its stake in Cadence Design Systems by 8.7% in the 2nd quarter. Checchi Capital Advisers LLC now owns 2,347 shares of the software maker’s stock valued at $723,000 after purchasing an additional 188 shares during the last quarter. Bank Hapoalim BM bought a new position in Cadence Design Systems in the 2nd quarter valued at approximately $217,000. Finally, LGT Fund Management Co Ltd. lifted its stake in Cadence Design Systems by 101.8% in the 2nd quarter. LGT Fund Management Co Ltd. now owns 7,062 shares of the software maker’s stock valued at $2,176,000 after purchasing an additional 3,562 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Stock Up 0.0%

Cadence Design Systems stock opened at $347.27 on Monday. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The firm has a market capitalization of $94.63 billion, a price-to-earnings ratio of 93.86, a price-to-earnings-growth ratio of 4.55 and a beta of 0.99. The firm’s fifty day moving average price is $353.04 and its two-hundred day moving average price is $314.51. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $1.25 billion. During the same period last year, the firm earned $1.28 earnings per share. The business’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. On average, equities research analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Cadence Design Systems

In related news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total transaction of $60,211.80. Following the transaction, the director directly owned 7,830 shares of the company’s stock, valued at $2,619,213.30. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John M. Wall sold 7,500 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer directly owned 70,715 shares in the company, valued at $24,690,849.40. The trade was a 9.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,680 shares of company stock valued at $3,729,852. Corporate insiders own 1.99% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CDNS. Mizuho upped their price target on shares of Cadence Design Systems from $360.00 to $375.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Cadence Design Systems from $330.00 to $390.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a research report on Saturday, September 27th. KeyCorp upped their price target on shares of Cadence Design Systems from $358.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, Wall Street Zen cut shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Fourteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $368.53.

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.