Cadence Design Systems, Inc. $CDNS Shares Bought by Groupe la Francaise

Key Points

• Groupe la Francaise increased its stake in Cadence Design Systems by 7.3% during the first quarter, now holding 36,075 shares valued at approximately $9.5 million.
• Multiple institutional investors, including AlphaQuest LLC and Circle Wealth Management LLC, significantly increased their positions, indicating strong interest in Cadence Design Systems' stock.
• Analysts have raised their price targets for Cadence Design Systems, with suggestions for a buy rating from several firms, boosting the consensus price target to $364.33.

Groupe la Francaise boosted its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,075 shares of the software maker's stock after purchasing an additional 2,457 shares during the quarter. Groupe la Francaise's holdings in Cadence Design Systems were worth $9,514,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CDNS. Brighton Jones LLC increased its position in Cadence Design Systems by 80.2% during the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker's stock valued at $456,000 after acquiring an additional 676 shares during the last quarter. Highview Capital Management LLC DE grew its holdings in shares of Cadence Design Systems by 2.7% in the fourth quarter. Highview Capital Management LLC DE now owns 6,304 shares of the software maker's stock worth $1,894,000 after purchasing an additional 163 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of Cadence Design Systems by 12.1% in the fourth quarter. OneDigital Investment Advisors LLC now owns 3,896 shares of the software maker's stock worth $1,171,000 after purchasing an additional 419 shares during the last quarter. Stifel Financial Corp grew its holdings in shares of Cadence Design Systems by 36.6% in the fourth quarter. Stifel Financial Corp now owns 93,686 shares of the software maker's stock worth $28,149,000 after purchasing an additional 25,104 shares during the last quarter. Finally, Coppell Advisory Solutions LLC lifted its stake in Cadence Design Systems by 179.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 246 shares of the software maker's stock worth $74,000 after acquiring an additional 158 shares during the period. Institutional investors own 84.85% of the company's stock.

Insiders Place Their Bets

In related news, Director Ita M. Brennan sold 180 shares of the firm'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 sale, the director directly owned 8,010 shares of the company's stock, valued at approximately $2,435,040. This trade represents a 2.20% decrease in their position. The sale was disclosed in a document filed 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 dated Friday, August 1st. The shares were sold at an average price of $358.72, for a total value of $358,720.00. Following the completion of the transaction, the vice president directly owned 104,499 shares of the company's stock, valued at approximately $37,485,881.28. This represents a 0.95% 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 three months. 0.37% of the stock is owned by corporate insiders.

Cadence Design Systems Stock Performance

Shares of NASDAQ CDNS traded down $1.16 during midday trading on Tuesday, reaching $344.03. 1,718,578 shares of the stock were exchanged, compared to its average volume of 2,028,734. The firm has a market cap of $93.74 billion, a price-to-earnings ratio of 92.98, a PEG ratio of 4.59 and a beta of 0.97. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45. The firm has a 50-day simple moving average of $331.14 and a two-hundred day simple moving average of $296.38. The company has a quick ratio of 2.67, a current ratio of 2.82 and a debt-to-equity ratio of 0.49.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter last year, the company earned $1.28 EPS. The firm's revenue for the quarter 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. As a group, analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have commented on CDNS shares. Robert W. Baird increased their price target on shares of Cadence Design Systems from $340.00 to $380.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Mizuho increased their price objective on shares of Cadence Design Systems from $360.00 to $375.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Berenberg Bank set a $400.00 price objective on shares of Cadence Design Systems in a research report on Wednesday, July 30th. Loop Capital increased their price objective on shares of Cadence Design Systems from $370.00 to $390.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective 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. Twelve investment 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's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $364.33.

Cadence Design Systems 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.