Comprehensive Financial Consultants Institutional Inc. Has $2.25 Million Stock Holdings in Cadence Design Systems, Inc. $CDNS

Key Points

• Comprehensive Financial Consultants Institutional Inc. increased its stake in Cadence Design Systems by 32.9% during Q2, now holding shares worth approximately $2.25 million.
• Multiple institutional investors, like Valley National Advisers and Realta Investment Advisors, also increased their holdings in Cadence Design Systems amid strong growth and performance in the software sector.
• Cadence Design Systems reported a quarterly earnings of $1.65 per share, exceeding estimates, with a 20.2% year-over-year revenue increase, and its stock currently has a consensus rating of "Moderate Buy" from analysts.

Comprehensive Financial Consultants Institutional Inc. grew its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 32.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,294 shares of the software maker's stock after buying an additional 1,807 shares during the period. Comprehensive Financial Consultants Institutional Inc.'s holdings in Cadence Design Systems were worth $2,248,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Relyea Zuckerberg Hanson LLC acquired a new stake in shares of Cadence Design Systems in the second quarter valued at about $230,000. Valley National Advisers Inc. grew its stake in Cadence Design Systems by 101.8% during the second quarter. Valley National Advisers Inc. now owns 228 shares of the software maker's stock worth $70,000 after purchasing an additional 115 shares during the period. Petros Family Wealth LLC grew its stake in Cadence Design Systems by 2.6% during the second quarter. Petros Family Wealth LLC now owns 1,277 shares of the software maker's stock worth $394,000 after purchasing an additional 32 shares during the period. Valeo Financial Advisors LLC grew its stake in Cadence Design Systems by 2.5% during the second quarter. Valeo Financial Advisors LLC now owns 2,111 shares of the software maker's stock worth $651,000 after purchasing an additional 52 shares during the period. Finally, Realta Investment Advisors grew its stake in Cadence Design Systems by 5.0% during the second quarter. Realta Investment Advisors now owns 3,198 shares of the software maker's stock worth $985,000 after purchasing an additional 152 shares during the period. Institutional investors and hedge funds own 84.85% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Stifel Nicolaus raised their target price on Cadence Design Systems from $350.00 to $395.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Piper Sandler reaffirmed a "neutral" rating and set a $355.00 target price (up previously from $328.00) on shares of Cadence Design Systems in a research note on Tuesday, July 29th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $300.00 target price on shares of Cadence Design Systems in a research note on Friday, July 25th. The Goldman Sachs Group assumed coverage on Cadence Design Systems in a research note on Thursday, July 10th. They set a "buy" rating and a $380.00 target price for the company. Finally, Robert W. Baird raised their target price on Cadence Design Systems from $340.00 to $380.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Fourteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Cadence Design Systems currently has a consensus rating of "Moderate Buy" and an average target price of $368.53.

Cadence Design Systems Stock Performance

Shares of Cadence Design Systems stock opened at $347.27 on Monday. The business's fifty day simple moving average is $353.04 and its 200 day simple moving average is $314.51. The firm has a market capitalization of $94.63 billion, a P/E ratio of 93.86, a price-to-earnings-growth ratio of 4.55 and a beta of 0.99. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. 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 issued its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.09. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.25 billion. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.Cadence Design Systems's quarterly revenue was up 20.2% compared to the same quarter last year. During the same period last year, the company posted $1.28 earnings per share. 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, analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Buying and Selling

In related news, Director Ita M. Brennan sold 180 shares of Cadence Design Systems 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total value of $348,270.00. Following the sale, the vice president owned 99,672 shares in the company, valued at $34,712,767.44. This trade represents a 0.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,680 shares of company stock worth $3,729,852. 1.99% of the stock is owned by company insiders.

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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