Epoch Investment Partners Inc. Lowers Holdings in Cadence Design Systems, Inc. $CDNS

Key Points

• Epoch Investment Partners Inc. has reduced its holdings in Cadence Design Systems by 5.4%, selling 4,226 shares, leaving them with shares worth approximately $18.98 million at the end of the last quarter.
• Cadence Design Systems has received positive responses from analysts, with targets increased by Loop Capital to $390 and Bank of America to $350, with an overall consensus rating of "Moderate Buy."
• The company reported earnings that exceeded expectations, with an EPS of $1.65 for the last quarter and anticipates an EPS between 1.750-1.810 for the next quarter.

Epoch Investment Partners Inc. reduced its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 5.4% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 74,628 shares of the software maker's stock after selling 4,226 shares during the period. Epoch Investment Partners Inc.'s holdings in Cadence Design Systems were worth $18,980,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CDNS. Smallwood Wealth Investment Management LLC acquired a new stake in Cadence Design Systems during the first quarter worth about $25,000. Costello Asset Management INC purchased a new position in shares of Cadence Design Systems during the 1st quarter valued at approximately $25,000. Valley National Advisers Inc. lifted its stake in shares of Cadence Design Systems by 707.1% in the 1st quarter. Valley National Advisers Inc. now owns 113 shares of the software maker's stock valued at $28,000 after purchasing an additional 99 shares during the period. Ancora Advisors LLC grew its position in shares of Cadence Design Systems by 1,400.0% during the 4th quarter. Ancora Advisors LLC now owns 120 shares of the software maker's stock valued at $36,000 after acquiring an additional 112 shares during the period. Finally, Meeder Asset Management Inc. raised its holdings in Cadence Design Systems by 36.5% in the 1st quarter. Meeder Asset Management Inc. now owns 172 shares of the software maker's stock worth $44,000 after purchasing an additional 46 shares during the period. Hedge funds and other institutional investors own 84.85% of the company's stock.

Insider Buying and Selling at Cadence Design Systems

In related news, VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $358.72, for a total value of $358,720.00. Following the sale, the vice president directly owned 104,499 shares in the company, valued at approximately $37,485,881.28. The trade was a 0.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ita M. Brennan sold 180 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $304.00, for a total transaction of $54,720.00. Following the completion of the transaction, the director directly owned 8,010 shares in the company, valued at $2,435,040. The trade was a 2.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,830 shares of company stock worth $1,207,671. Corporate insiders own 1.99% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CDNS shares. Rosenblatt Securities restated a "neutral" rating and issued a $300.00 price objective on shares of Cadence Design Systems in a research report on Friday, July 25th. Loop Capital lifted their price target on shares of Cadence Design Systems from $370.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Berenberg Bank set a $400.00 price objective on shares of Cadence Design Systems in a report on Wednesday, July 30th. Mizuho lifted their target price on shares of Cadence Design Systems from $360.00 to $375.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Finally, Wells Fargo & Company upped their price target on shares of Cadence Design Systems from $365.00 to $405.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Twelve 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $364.33.

Cadence Design Systems Trading Down 1.1%

Shares of NASDAQ CDNS traded down $3.86 during trading on Friday, hitting $350.43. 1,303,717 shares of the company were exchanged, compared to its average volume of 1,433,451. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $376.45. The firm has a market capitalization of $95.49 billion, a PE ratio of 94.71, a P/E/G ratio of 4.65 and a beta of 0.97. The company has a fifty day moving average price of $334.39 and a 200-day moving average price of $297.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its earnings results 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. The company had revenue of $1.28 billion for 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%. Cadence Design Systems's revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the business posted $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. As a group, equities research analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Cadence Design Systems 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.