Clarius Group LLC Sells 136 Shares of Cadence Design Systems, Inc. $CDNS

Clarius Group LLC cut its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 6.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,975 shares of the software maker’s stock after selling 136 shares during the quarter. Clarius Group LLC’s holdings in Cadence Design Systems were worth $609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CDNS. Brighton Jones LLC grew its stake in shares of Cadence Design Systems by 80.2% in the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after acquiring an additional 676 shares in the last quarter. Merit Financial Group LLC grew its stake in shares of Cadence Design Systems by 42.6% in the first quarter. Merit Financial Group LLC now owns 3,165 shares of the software maker’s stock valued at $805,000 after acquiring an additional 946 shares in the last quarter. Congress Asset Management Co. grew its stake in shares of Cadence Design Systems by 1.8% in the first quarter. Congress Asset Management Co. now owns 33,755 shares of the software maker’s stock valued at $8,585,000 after acquiring an additional 612 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Cadence Design Systems by 21.8% in the first quarter. Sivia Capital Partners LLC now owns 1,110 shares of the software maker’s stock valued at $282,000 after acquiring an additional 199 shares in the last quarter. Finally, Wedmont Private Capital grew its stake in shares of Cadence Design Systems by 1.1% in the first quarter. Wedmont Private Capital now owns 8,583 shares of the software maker’s stock valued at $2,227,000 after acquiring an additional 97 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Cadence Design Systems Stock Up 0.0%

Shares of NASDAQ CDNS opened at $347.27 on Monday. The company has a 50 day simple moving average of $353.04 and a 200 day simple moving average of $314.51. The firm has a market cap of $94.63 billion, a PE ratio of 93.86, a price-to-earnings-growth 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 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 quarterly earnings data on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.56 by $0.09. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the business earned $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. On average, research analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the firm’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 transaction of $348,270.00. Following the completion of the transaction, the vice president owned 99,672 shares in the company, valued at approximately $34,712,767.44. This trade represents a 0.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John M. Wall sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $349.16, for a total transaction of $2,618,700.00. Following the transaction, the chief financial officer owned 70,715 shares of the company’s stock, valued at approximately $24,690,849.40. The trade was a 9.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,680 shares of company stock worth $3,729,852. 1.99% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CDNS has been the topic of several research reports. The Goldman Sachs Group initiated coverage on shares of Cadence Design Systems in a research note on Thursday, July 10th. They issued a “buy” rating and a $380.00 price target on the stock. Wells Fargo & Company upped their price target on shares of Cadence Design Systems from $365.00 to $405.00 and gave the company an “overweight” rating in a research note on Tuesday, July 29th. Loop Capital increased their price objective on shares of Cadence Design Systems from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Stifel Nicolaus increased their price objective on shares of Cadence Design Systems from $350.00 to $395.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Finally, BNP Paribas Exane started coverage on shares of Cadence Design Systems in a research note on Thursday. They set an “outperform” rating and a $400.00 price objective on the stock. Fourteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $368.53.

About Cadence Design Systems

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.