ASR Vermogensbeheer N.V. Grows Position in Cadence Design Systems, Inc. $CDNS

ASR Vermogensbeheer N.V. grew its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 25.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,292 shares of the software maker’s stock after purchasing an additional 3,864 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Cadence Design Systems were worth $5,944,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC acquired a new position in Cadence Design Systems during the first quarter worth about $289,744,000. Jennison Associates LLC raised its position in shares of Cadence Design Systems by 13.2% during the 1st 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 during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Cadence Design Systems by 466.4% during the second quarter. Assenagon Asset Management S.A. now owns 786,849 shares of the software maker’s stock valued at $242,468,000 after acquiring an additional 647,931 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Cadence Design Systems by 1.7% in the first quarter. Vanguard Group Inc. now owns 26,339,142 shares of the software maker’s stock valued at $6,698,834,000 after buying an additional 429,955 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Cadence Design Systems by 7.1% during 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 worth $1,202,733,000 after purchasing an additional 312,757 shares during the last quarter. 84.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CDNS shares. Rosenblatt Securities reaffirmed a “neutral” rating and set a $300.00 price target on shares of Cadence Design Systems in a research report on Friday, July 25th. KeyCorp raised 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 note on Tuesday, July 29th. Wells Fargo & Company upped their target price on Cadence Design Systems from $365.00 to $405.00 and gave the company an “overweight” rating in a report on Tuesday, July 29th. BNP Paribas Exane began coverage on Cadence Design Systems in a report on Thursday. They set an “outperform” rating and a $400.00 target price on the stock. Finally, The Goldman Sachs Group began coverage on Cadence Design Systems in a research report on Thursday, July 10th. They set a “buy” rating and a $380.00 target price for the company. Fourteen analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cadence Design Systems has a consensus rating of “Moderate Buy” and an average price target of $368.53.

Cadence Design Systems Trading Up 0.0%

NASDAQ CDNS opened at $347.27 on Friday. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. The business has a 50 day simple moving average of $353.04 and a 200 day simple moving average of $313.74. The stock has a market capitalization of $94.63 billion, a P/E ratio of 93.86, a P/E/G ratio of 4.55 and a beta of 0.99. 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 posted its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.09. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The firm’s revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS. 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 expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total value of $60,211.80. Following the completion of the transaction, the director owned 7,830 shares of the company’s stock, valued at approximately $2,619,213.30. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction that occurred 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. The trade was a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, 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 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.