Robeco Schweiz AG Trims Holdings in Cadence Design Systems, Inc. $CDNS

Robeco Schweiz AG reduced its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 5.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,000 shares of the software maker’s stock after selling 1,100 shares during the quarter. Robeco Schweiz AG’s holdings in Cadence Design Systems were worth $6,163,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Clarity Wealth Advisors LLC purchased a new stake in shares of Cadence Design Systems in the second quarter valued at approximately $668,000. Factory Mutual Insurance Co. lifted its holdings in shares of Cadence Design Systems by 3.3% in the 2nd quarter. Factory Mutual Insurance Co. now owns 215,971 shares of the software maker’s stock worth $66,551,000 after buying an additional 7,000 shares during the period. Nwam LLC lifted its holdings in shares of Cadence Design Systems by 2.5% in the 2nd quarter. Nwam LLC now owns 5,845 shares of the software maker’s stock worth $1,801,000 after buying an additional 145 shares during the period. Vise Technologies Inc. bought a new position in shares of Cadence Design Systems during the 2nd quarter worth $1,944,000. Finally, Allworth Financial LP raised its holdings in shares of Cadence Design Systems by 467.1% in the second quarter. Allworth Financial LP now owns 9,833 shares of the software maker’s stock valued at $3,030,000 after acquiring an additional 8,099 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on CDNS shares. Loop Capital increased their target price on shares of Cadence Design Systems from $370.00 to $390.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Berenberg Bank set a $400.00 price target on shares of Cadence Design Systems in a research report on Wednesday, July 30th. Robert W. Baird lifted their price objective on shares of Cadence Design Systems from $390.00 to $418.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Stifel Nicolaus boosted 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, Mizuho increased their target price on Cadence Design Systems from $360.00 to $375.00 and gave the company an “outperform” rating in a research report on Tuesday, July 29th. Fourteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cadence Design Systems presently has a consensus rating of “Moderate Buy” and an average price target of $376.00.

Insider Activity at Cadence Design Systems

In related news, CEO Anirudh Devgan sold 5,550 shares of the firm’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $327.80, for a total transaction of $1,819,290.00. Following the completion of the transaction, the chief executive officer owned 195,844 shares of the company’s stock, valued at $64,197,663.20. This trade represents a 2.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John M. Wall sold 7,500 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were 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 $24,690,849.40. This represents a 9.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 16,230 shares of company stock worth $5,530,682. 1.99% of the stock is owned by insiders.

Cadence Design Systems Trading Up 1.2%

NASDAQ:CDNS opened at $328.94 on Tuesday. The stock has a market capitalization of $89.54 billion, a price-to-earnings ratio of 84.78, a PEG ratio of 4.55 and a beta of 1.00. Cadence Design Systems, Inc. has a 52 week low of $221.56 and a 52 week high of $376.45. The company has a quick ratio of 2.67, a current ratio of 3.05 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average of $343.92 and a 200 day moving average of $329.22.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, October 27th. The software maker reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.14. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.32 billion. Cadence Design Systems had a return on equity of 30.13% and a net margin of 20.35%.The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.64 earnings per share. Cadence Design Systems has set its FY 2025 guidance at 7.020-7.080 EPS. Q4 2025 guidance at 1.880-1.940 EPS. As a group, sell-side analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

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.