George Kaiser Family Foundation Purchases Shares of 1,110 Cadence Design Systems, Inc. $CDNS

Key Points

• The George Kaiser Family Foundation has invested $282,000 in Cadence Design Systems by acquiring 1,110 shares in the first quarter of the year.
• Cadence Design Systems reported a net margin of 19.88% and a year-over-year revenue increase of 20.2%, with a total revenue of $1.28 billion for the last quarter.
• Analysts have been optimistic about Cadence, with a consensus rating of "Moderate Buy" and a target price averaging $364.33.

George Kaiser Family Foundation bought a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,110 shares of the software maker's stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CDNS. GAMMA Investing LLC grew its position in shares of Cadence Design Systems by 31,049.1% in the first quarter. GAMMA Investing LLC now owns 1,218,241 shares of the software maker's stock valued at $309,835,000 after purchasing an additional 1,214,330 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Cadence Design Systems during the 1st quarter valued at about $289,744,000. Jennison Associates LLC boosted its stake in 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 valued at $2,305,489,000 after buying an additional 1,054,702 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Cadence Design Systems by 25.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,937,675 shares of the software maker's stock valued at $882,655,000 after purchasing an additional 601,834 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Cadence Design Systems by 1.7% in 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 in the last quarter. Institutional investors and hedge funds own 84.85% of the company's stock.

Insider Buying and Selling

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $358.72, for a total value of $358,720.00. Following the transaction, the vice president owned 104,499 shares of the company's stock, valued at approximately $37,485,881.28. The trade was a 0.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ita M. Brennan sold 180 shares of the business's stock in a transaction dated Tuesday, June 10th. The stock was 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. This trade represents a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,830 shares of company stock worth $1,207,671 in the last 90 days. Company insiders own 1.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on CDNS shares. 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. JPMorgan Chase & Co. increased their price target on shares of Cadence Design Systems from $330.00 to $390.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. The Goldman Sachs Group assumed coverage on Cadence Design Systems in a research report on Thursday, July 10th. They set a "buy" rating and a $380.00 price target on the stock. Bank of America raised their price objective on shares of Cadence Design Systems from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Robert W. Baird upped their price objective on shares of Cadence Design Systems from $340.00 to $380.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $364.33.

Cadence Design Systems Trading Up 0.6%

Shares of CDNS traded up $2.12 during trading hours on Thursday, hitting $347.57. 1,037,615 shares of the stock were exchanged, compared to its average volume of 2,042,188. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67. The business has a 50-day moving average of $327.57 and a 200-day moving average of $295.14. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45. The firm has a market capitalization of $94.71 billion, a P/E ratio of 93.94, a price-to-earnings-growth ratio of 4.55 and a beta of 0.97.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly 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 business had revenue of $1.28 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm 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. On average, research analysts expect 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.