Cadence Design Systems, Inc. $CDNS Shares Acquired by Slow Capital Inc.

Slow Capital Inc. increased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 1.1% in the second quarter, HoldingsChannel.com reports. The firm owned 10,498 shares of the software maker’s stock after acquiring an additional 119 shares during the quarter. Slow Capital Inc.’s holdings in Cadence Design Systems were worth $3,235,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Cadence Design Systems by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 26,339,142 shares of the software maker’s stock worth $6,698,834,000 after acquiring an additional 429,955 shares in the last quarter. Jennison Associates LLC boosted its position in Cadence Design Systems by 13.2% during the first quarter. Jennison Associates LLC now owns 9,064,953 shares of the software maker’s stock worth $2,305,489,000 after purchasing an additional 1,054,702 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cadence Design Systems by 7.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,729,026 shares of the software maker’s stock valued at $1,202,733,000 after purchasing an additional 312,757 shares during the last quarter. Invesco Ltd. grew its holdings in Cadence Design Systems by 14.0% in the first quarter. Invesco Ltd. now owns 2,416,284 shares of the software maker’s stock valued at $614,534,000 after purchasing an additional 296,983 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Cadence Design Systems by 0.4% in the first quarter. Principal Financial Group Inc. now owns 2,245,930 shares of the software maker’s stock valued at $571,208,000 after buying an additional 8,361 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Cadence Design Systems Price Performance

CDNS stock opened at $353.36 on Tuesday. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45. The stock’s fifty day simple moving average is $353.43 and its 200-day simple moving average is $315.14. The company has a quick ratio of 2.67, a current ratio of 2.82 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $96.29 billion, a price-to-earnings ratio of 95.50, a price-to-earnings-growth ratio of 4.55 and a beta of 0.99.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted $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. Equities research analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was 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 approximately $34,712,767.44. This trade represents a 0.99% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John M. Wall sold 7,500 shares of the company’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 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. Over the last quarter, insiders sold 10,680 shares of company stock valued at $3,729,852. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Berenberg Bank set a $400.00 price objective on shares of Cadence Design Systems in a research report on Wednesday, July 30th. The Goldman Sachs Group assumed coverage on shares of Cadence Design Systems in a research report on Thursday, July 10th. They issued a “buy” rating and a $380.00 price target on the stock. KeyCorp lifted their price objective on Cadence Design Systems from $358.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Mizuho upped their target price on Cadence Design Systems from $360.00 to $375.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a research report on Saturday, September 27th. Fourteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and an average price target of $368.53.

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.