Czech National Bank Buys 3,747 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• The Czech National Bank increased its stake in Cadence Design Systems, Inc. by 5.9%, acquiring an additional 3,747 shares, bringing its total holdings to 66,741 shares valued at approximately $20.57 million.
• Cadence Design Systems reported $1.65 earnings per share for the last quarter, exceeding analysts' expectations of $1.56, with a 20.2% increase in revenue year-over-year.
• Analysts have raised their price targets for Cadence Design Systems, with multiple firms placing a price objective between $390 and $405, reflecting strong confidence in the stock's performance.

Czech National Bank lifted its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,741 shares of the software maker's stock after purchasing an additional 3,747 shares during the quarter. Czech National Bank's holdings in Cadence Design Systems were worth $20,566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CDNS. GAMMA Investing LLC boosted its position in shares of Cadence Design Systems by 31,049.1% in the 1st quarter. GAMMA Investing LLC now owns 1,218,241 shares of the software maker's stock worth $309,835,000 after purchasing an additional 1,214,330 shares in the last quarter. Nuveen LLC bought a new stake in shares of Cadence Design Systems in the 1st quarter worth approximately $289,744,000. Jennison Associates LLC boosted its position in shares of Cadence Design Systems by 13.2% in the 1st quarter. Jennison Associates LLC now owns 9,064,953 shares of the software maker's stock worth $2,305,489,000 after purchasing an additional 1,054,702 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Cadence Design Systems by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 26,339,142 shares of the software maker's stock worth $6,698,834,000 after purchasing an additional 429,955 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cadence Design Systems by 10.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,416,269 shares of the software maker's stock worth $1,326,912,000 after purchasing an additional 427,418 shares in the last quarter. 84.85% of the stock is owned by institutional investors.

Cadence Design Systems Price Performance

Shares of CDNS opened at $349.01 on Wednesday. The firm has a market cap of $95.10 billion, a PE ratio of 94.33, a P/E/G ratio of 4.61 and a beta of 1.00. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $343.88 and a two-hundred day simple moving average of $304.04. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.09. The business had revenue of $1.28 billion during 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%. The company's quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the business earned $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. On average, equities analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Needham & Company LLC upped their price objective on Cadence Design Systems from $325.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Loop Capital upped their price objective on Cadence Design Systems from $370.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Wells Fargo & Company upped their price objective on Cadence Design Systems from $365.00 to $405.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. upped their price objective on Cadence Design Systems from $330.00 to $390.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Finally, The Goldman Sachs Group assumed coverage on Cadence Design Systems in a research report on Thursday, July 10th. They issued a "buy" rating and a $380.00 price objective on the stock. Twelve equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $364.33.

Insider Buying and Selling at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the company's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total value of $60,211.80. Following the completion of the sale, the director directly owned 7,830 shares in the company, valued at $2,619,213.30. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, 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 value of $343,950.00. Following the completion of the sale, the vice president owned 102,499 shares of the company's stock, valued at $35,254,531.05. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,180 shares of company stock valued at $1,069,232 over the last 90 days. 0.37% of the stock is currently owned by company insiders.

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.

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