MASTERINVEST Kapitalanlage GmbH Makes New $3.50 Million Investment in Cadence Design Systems, Inc. $CDNS

MASTERINVEST Kapitalanlage GmbH purchased a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,360 shares of the software maker’s stock, valued at approximately $3,501,000.

A number of other hedge funds have also recently made changes to their positions in CDNS. Promus Capital LLC bought a new stake in Cadence Design Systems during the 2nd quarter valued at approximately $33,000. Stance Capital LLC purchased a new stake in Cadence Design Systems during the 2nd quarter valued at approximately $1,336,000. North Dallas Bank & Trust Co. bought a new stake in shares of Cadence Design Systems during the second quarter valued at approximately $1,749,000. Forefront Wealth Partners LLC lifted its holdings in shares of Cadence Design Systems by 3.8% in the second quarter. Forefront Wealth Partners LLC now owns 1,738 shares of the software maker’s stock worth $522,000 after buying an additional 64 shares in the last quarter. Finally, Coppell Advisory Solutions LLC boosted its position in shares of Cadence Design Systems by 104.0% during the second quarter. Coppell Advisory Solutions LLC now owns 4,399 shares of the software maker’s stock worth $1,343,000 after acquiring an additional 2,243 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

Insider Buying and Selling

In related news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $337.48, for a total transaction of $60,746.40. Following the completion of the sale, the director directly owned 7,650 shares of the company’s stock, valued at approximately $2,581,722. This trade represents a 2.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value 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 SEC filing for this sale provides additional information. Insiders sold a total of 41,720 shares of company stock worth $14,163,377 over the last three months. 1.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CDNS has been the topic of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $390.00 price target on shares of Cadence Design Systems in a report on Tuesday, October 28th. Wolfe Research reiterated an “outperform” rating and set a $385.00 target price on shares of Cadence Design Systems in a research report on Tuesday, October 28th. Citigroup initiated coverage on shares of Cadence Design Systems in a research report on Monday, November 24th. They issued a “buy” rating and a $385.00 price target on the stock. Rosenblatt Securities upped their price target on shares of Cadence Design Systems from $320.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Finally, Robert W. Baird lifted their price objective on shares of Cadence Design Systems from $390.00 to $418.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 28th. Fifteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $379.11.

Cadence Design Systems Stock Down 3.6%

Shares of CDNS opened at $323.22 on Friday. The company has a quick ratio of 2.84, a current ratio of 3.05 and a debt-to-equity ratio of 0.48. The business has a fifty day moving average of $326.91 and a 200 day moving average of $330.33. The company has a market cap of $87.98 billion, a PE ratio of 83.30, a P/E/G ratio of 4.16 and a beta of 1.05. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Monday, October 27th. The software maker reported $1.93 earnings per share for the quarter, beating the consensus estimate 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 net margin of 20.35% and a return on equity of 30.13%. The business’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter 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 and its Q4 2025 guidance at 1.880-1.940 EPS. On average, sell-side analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current 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.