Cadence Design Systems, Inc. $CDNS Shares Sold by Invictus Private Wealth LLC

Invictus Private Wealth LLC decreased its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 16.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 787 shares of the software maker’s stock after selling 151 shares during the quarter. Invictus Private Wealth LLC’s holdings in Cadence Design Systems were worth $243,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Lindenwold Advisors INC grew its position in Cadence Design Systems by 0.6% in the second quarter. Lindenwold Advisors INC now owns 6,123 shares of the software maker’s stock worth $1,887,000 after buying an additional 37 shares during the last quarter. PDS Planning Inc grew its holdings in shares of Cadence Design Systems by 11.2% during the 2nd quarter. PDS Planning Inc now owns 1,860 shares of the software maker’s stock valued at $573,000 after acquiring an additional 188 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Cadence Design Systems by 39.0% during the 2nd quarter. Blue Trust Inc. now owns 638 shares of the software maker’s stock valued at $197,000 after acquiring an additional 179 shares in the last quarter. Katamaran Capital LLP purchased a new position in shares of Cadence Design Systems during the 2nd quarter valued at $4,407,000. Finally, Vivid Wealth Management LLC lifted its stake in shares of Cadence Design Systems by 0.8% in the 2nd quarter. Vivid Wealth Management LLC now owns 8,733 shares of the software maker’s stock valued at $2,691,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Price Performance

Shares of CDNS stock opened at $327.00 on Friday. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The firm’s 50 day moving average is $351.68 and its 200-day moving average is $316.56. The firm has a market capitalization of $89.10 billion, a price-to-earnings ratio of 88.38, a PEG ratio of 4.57 and a beta of 0.99. 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 announced its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, beating 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the business posted $1.28 earnings per share. Cadence Design Systems’s 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. Sell-side analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CDNS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a research note on Wednesday. Berenberg Bank set a $400.00 price objective on shares of Cadence Design Systems in a research report on Wednesday, July 30th. Wall Street Zen lowered shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research report on Sunday, September 21st. Wells Fargo & Company upped their target price 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. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $355.00 price objective (up from $328.00) on shares of Cadence Design Systems in a research note on Tuesday, July 29th. Fourteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $368.53.

Insider Activity at Cadence Design Systems

In other Cadence Design Systems news, CFO John M. Wall sold 7,500 shares of the 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 sale, the chief financial officer directly owned 70,715 shares in the company, valued at approximately $24,690,849.40. This trade represents a 9.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total transaction of $60,211.80. Following the completion of the sale, the director owned 7,830 shares in the company, valued at approximately $2,619,213.30. This trade represents a 2.25% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,680 shares of company stock worth $3,729,852 over the last ninety days. Company insiders own 1.99% of the company’s stock.

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.