AG2R LA Mondiale Gestion D Actifs Takes $2.64 Million Position in Cadence Design Systems, Inc. $CDNS

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new position in Cadence Design Systems, purchasing 10,378 shares valued at approximately $2.64 million during the first quarter.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Cadence Design Systems, with an average price target of $364.33 and significant target upgrades from firms like Needham & Company and JPMorgan Chase.
• Cadence Design Systems reported $1.65 EPS for the last quarter, surpassing estimates, with revenue growth of 20.2% year-over-year.

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,378 shares of the software maker's stock, valued at approximately $2,639,000.

Several other large investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its position 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. Highview Capital Management LLC DE grew its stake in Cadence Design Systems by 2.7% during the 4th quarter. Highview Capital Management LLC DE now owns 6,304 shares of the software maker's stock valued at $1,894,000 after purchasing an additional 163 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Cadence Design Systems by 17.4% during the 4th quarter. ProShare Advisors LLC now owns 368,065 shares of the software maker's stock worth $110,589,000 after buying an additional 54,453 shares during the last quarter. Raiffeisen Bank International AG bought a new stake in shares of Cadence Design Systems in the 4th quarter worth approximately $11,377,000. Finally, Silvercrest Asset Management Group LLC raised its stake in Cadence Design Systems by 5.9% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 48,233 shares of the software maker's stock valued at $14,492,000 after acquiring an additional 2,672 shares in the last quarter. Institutional investors and hedge funds own 84.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Needham & Company LLC lifted their target price on Cadence Design Systems from $325.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Mizuho boosted their price target on Cadence Design Systems from $360.00 to $375.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. boosted their price target on Cadence Design Systems from $330.00 to $390.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Rosenblatt Securities reaffirmed a "neutral" rating and issued a $300.00 price target on shares of Cadence Design Systems in a research report on Friday, July 25th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $355.00 price target (up previously from $328.00) on shares of Cadence Design Systems in a research report on Tuesday, July 29th. Twelve equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $364.33.

Insider Activity at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $343.95, for a total transaction of $343,950.00. Following the transaction, the vice president owned 102,499 shares of the company's stock, valued at approximately $35,254,531.05. This represents a 0.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ita M. Brennan sold 180 shares of the 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 directly owned 7,830 shares in the company, valued at approximately $2,619,213.30. This trade represents a 2.25% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,180 shares of company stock worth $1,069,232 over the last three months. 1.99% of the stock is owned by company insiders.

Cadence Design Systems Trading Down 3.2%

CDNS stock opened at $343.48 on Friday. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The firm has a market cap of $93.59 billion, a P/E ratio of 92.83, a P/E/G ratio of 4.65 and a beta of 1.00. The business's 50 day moving average is $342.75 and its 200-day moving average is $302.31. 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 - Get Free Report) last released 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 return on equity of 29.65% and a net margin of 19.88%.The company 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 company posted $1.28 EPS. The company'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. Equities analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

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.

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