Edmond DE Rothschild Holding S.A. Increases Stock Holdings in Cadence Design Systems, Inc. $CDNS

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Cadence Design Systems by 23.4%, now owning 16,892 shares valued at approximately $4.3 million.
• Several hedge funds, including Vanguard Group Inc. and Jennison Associates LLC, also enhanced their holdings in Cadence Design Systems, reflecting a growing institutional interest in the company.
• Wall Street analysts have mixed views, with 12 analysts rating the stock as a "Buy," but recent moves include downgrades from some brokerages, highlighting variability in market sentiment.

Edmond DE Rothschild Holding S.A. lifted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 23.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,892 shares of the software maker's stock after buying an additional 3,206 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Cadence Design Systems were worth $4,296,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Cadence Design Systems by 1.7% during the first quarter. Vanguard Group Inc. now owns 26,339,142 shares of the software maker's stock valued at $6,698,834,000 after buying an additional 429,955 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Cadence Design Systems by 13.2% during the first quarter. Jennison Associates LLC now owns 9,064,953 shares of the software maker's stock valued at $2,305,489,000 after buying an additional 1,054,702 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cadence Design Systems by 10.7% during the fourth 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 valued at $1,326,912,000 after buying an additional 427,418 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Cadence Design Systems by 12.7% during the fourth quarter. Janus Henderson Group PLC now owns 2,530,293 shares of the software maker's stock valued at $760,314,000 after buying an additional 285,617 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Cadence Design Systems by 14.0% during the first quarter. Invesco Ltd. now owns 2,416,284 shares of the software maker's stock valued at $614,534,000 after buying an additional 296,983 shares during the last quarter. Hedge funds and other institutional investors own 84.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CDNS. Wall Street Zen lowered Cadence Design Systems from a "buy" rating to a "hold" rating in a report on Sunday, August 31st. Piper Sandler reiterated a "neutral" rating and set a $355.00 price target (up from $328.00) on shares of Cadence Design Systems in a report on Tuesday, July 29th. Berenberg Bank set a $400.00 price target on Cadence Design Systems in a report on Wednesday, July 30th. Stifel Nicolaus lifted their price target on Cadence Design Systems from $350.00 to $395.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Finally, Mizuho lifted their price target on Cadence Design Systems from $360.00 to $375.00 and gave the stock an "outperform" rating in a 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $364.33.

Insider Buying and Selling at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems 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 transaction, the vice president directly owned 102,499 shares in the company, valued at approximately $35,254,531.05. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction on Tuesday, June 10th. The shares were sold at an average price of $304.00, for a total value of $54,720.00. Following the completion of the transaction, the director owned 8,010 shares of the company's stock, valued at approximately $2,435,040. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,180 shares of company stock worth $1,365,740. Corporate insiders own 1.99% of the company's stock.

Cadence Design Systems Stock Performance

Shares of CDNS opened at $349.33 on Friday. The firm has a market cap of $95.19 billion, a PE ratio of 94.41, a PEG ratio of 4.56 and a beta of 1.00. The stock's fifty day moving average price is $338.36 and its two-hundred day moving average price is $298.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67. 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 issued its earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.09. The firm 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%.The business's revenue was up 20.2% on a year-over-year basis. During the same period in the previous 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. On average, equities research analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current 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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