Comprehensive Financial Consultants Institutional Inc. Purchases 1,807 Shares of Cadence Design Systems, Inc. $CDNS

Comprehensive Financial Consultants Institutional Inc. raised its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 32.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 7,294 shares of the software maker’s stock after acquiring an additional 1,807 shares during the period. Comprehensive Financial Consultants Institutional Inc.’s holdings in Cadence Design Systems were worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Petros Family Wealth LLC raised its stake in shares of Cadence Design Systems by 2.6% in the second quarter. Petros Family Wealth LLC now owns 1,277 shares of the software maker’s stock valued at $394,000 after buying an additional 32 shares during the period. Legacy Capital Wealth Partners LLC grew its position in shares of Cadence Design Systems by 2.8% in the first quarter. Legacy Capital Wealth Partners LLC now owns 1,214 shares of the software maker’s stock valued at $309,000 after purchasing an additional 33 shares in the last quarter. Empower Advisory Group LLC grew its position in shares of Cadence Design Systems by 4.1% in the first quarter. Empower Advisory Group LLC now owns 911 shares of the software maker’s stock valued at $232,000 after purchasing an additional 36 shares in the last quarter. Gamco Investors INC. ET AL grew its position in shares of Cadence Design Systems by 0.3% in the first quarter. Gamco Investors INC. ET AL now owns 13,337 shares of the software maker’s stock valued at $3,392,000 after purchasing an additional 36 shares in the last quarter. Finally, Greenleaf Trust grew its position in shares of Cadence Design Systems by 0.7% in the first quarter. Greenleaf Trust now owns 5,802 shares of the software maker’s stock valued at $1,476,000 after purchasing an additional 39 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CDNS. Wall Street Zen cut Cadence Design Systems from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. The Goldman Sachs Group began coverage on Cadence Design Systems in a research report on Thursday, July 10th. They issued a “buy” rating and a $380.00 price target for the company. Piper Sandler reiterated a “neutral” rating and issued a $355.00 price target (up from $328.00) on shares of Cadence Design Systems in a research report on Tuesday, July 29th. JPMorgan Chase & Co. lifted their price target on Cadence Design Systems from $330.00 to $390.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. Finally, BNP Paribas Exane began coverage on Cadence Design Systems in a research report on Thursday. They issued an “outperform” rating and a $400.00 price target for the company. Fourteen equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $368.53.

Cadence Design Systems Trading Up 0.0%

Shares of CDNS stock opened at $347.27 on Monday. The stock has a market capitalization of $94.63 billion, a PE ratio of 93.86, a P/E/G ratio of 4.55 and a beta of 0.99. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The business has a 50-day moving average of $353.04 and a 200 day moving average of $314.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67.

Cadence Design Systems (NASDAQ:CDNS) last issued 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 company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm earned $1.28 earnings per share. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. As a group, sell-side analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO John M. Wall sold 7,500 shares of Cadence Design Systems stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $349.16, for a total value of $2,618,700.00. Following the transaction, the chief financial officer directly owned 70,715 shares of the company’s stock, valued at $24,690,849.40. The trade was a 9.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $348.27, for a total value of $348,270.00. Following the transaction, the vice president directly owned 99,672 shares of the company’s stock, valued at $34,712,767.44. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,680 shares of company stock valued at $3,729,852 over the last three months. 1.99% of the stock is owned by company insiders.

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.