Generali Asset Management SPA SGR Acquires 5,924 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• Generali Asset Management SPA SGR has increased its stake in Cadence Design Systems by 27.7%, acquiring an additional 5,924 shares, bringing its total holding to 27,296 shares worth approximately $8,411,000.
• Cadence Design Systems reported quarter earnings of $1.65 per share, beating analyst expectations and indicating a 20.2% increase in quarterly revenue compared to the same period last year.
• Analyst ratings for Cadence Design Systems remain positive, with a consensus target price of $368.53 and 13 analysts rating it as a Buy, reflecting strong market confidence in the company.

Generali Asset Management SPA SGR boosted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 27.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,296 shares of the software maker's stock after buying an additional 5,924 shares during the period. Generali Asset Management SPA SGR's holdings in Cadence Design Systems were worth $8,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC bought a new stake in Cadence Design Systems during the first quarter valued at about $25,000. Costello Asset Management INC purchased a new stake in shares of Cadence Design Systems during the first quarter valued at about $25,000. Barrett & Company Inc. bought a new stake in shares of Cadence Design Systems in the 2nd quarter valued at about $31,000. Saudi Central Bank purchased a new position in shares of Cadence Design Systems in the 1st quarter worth approximately $27,000. Finally, Valley National Advisers Inc. raised its stake in shares of Cadence Design Systems by 707.1% during the 1st quarter. Valley National Advisers Inc. now owns 113 shares of the software maker's stock worth $28,000 after acquiring an additional 99 shares in the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Cadence Design Systems Stock Down 2.0%

Cadence Design Systems stock opened at $325.75 on Wednesday. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45. The business's 50-day simple moving average is $350.33 and its two-hundred day simple moving average is $317.89. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82. The company has a market cap of $88.76 billion, a PE ratio of 88.04, a PEG ratio of 4.36 and a beta of 0.99.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, beating the consensus estimate of $1.56 by $0.09. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The business had revenue of $1.28 billion during the quarter, compared to analysts' expectations of $1.25 billion. During the same period in the previous year, the business posted $1.28 EPS. The business's quarterly 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 EPS for the current year.

Insider Buying and Selling

In related news, Director Ita M. Brennan sold 180 shares of the firm's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $334.51, for a total transaction of $60,211.80. Following the sale, the director 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $348.27, for a total transaction of $348,270.00. Following the completion of the transaction, the vice president directly owned 99,672 shares of the company's stock, valued at $34,712,767.44. The trade was a 0.99% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,680 shares of company stock valued at $3,729,852 over the last ninety days. Company insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CDNS shares. Wells Fargo & Company raised their target price on shares of Cadence Design Systems from $365.00 to $405.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Mizuho upped their target price on Cadence Design Systems from $360.00 to $375.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. KeyCorp increased their price target on Cadence Design Systems from $358.00 to $405.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Rosenblatt Securities restated a "neutral" rating and set a $300.00 price target on shares of Cadence Design Systems in a research note on Friday, July 25th. Finally, Piper Sandler restated a "neutral" rating and set a $355.00 price objective (up previously from $328.00) on shares of Cadence Design Systems in a report on Tuesday, July 29th. Thirteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $368.53.

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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