IFM Investors Pty Ltd Acquires 2,141 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• IFM Investors Pty Ltd increased its holdings in Cadence Design Systems by 4.0%, bringing their total to 55,903 shares valued at approximately $17.2 million at the end of the most recent quarter.
• Cadence Design Systems announced a positive quarterly earnings report, posting an EPS of $1.65, exceeding analyst expectations and revealing a 20.2% year-over-year revenue increase.
• Several analysts have raised their target prices for Cadence Design Systems' stock, with Needham & Company increasing theirs from $325.00 to $390.00 and maintaining a "buy" rating.

IFM Investors Pty Ltd raised its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 4.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,903 shares of the software maker's stock after purchasing an additional 2,141 shares during the period. IFM Investors Pty Ltd's holdings in Cadence Design Systems were worth $17,227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CDNS. Brighton Jones LLC raised its stake in shares of Cadence Design Systems by 80.2% during the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker's stock worth $456,000 after purchasing an additional 676 shares in the last quarter. Highview Capital Management LLC DE raised its stake in shares of Cadence Design Systems by 2.7% in the 4th quarter. Highview Capital Management LLC DE now owns 6,304 shares of the software maker's stock valued at $1,894,000 after acquiring an additional 163 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of Cadence Design Systems in the 4th quarter valued at approximately $1,352,000. Novem Group bought a new position in shares of Cadence Design Systems in the 4th quarter valued at approximately $938,000. Finally, Headinvest LLC raised its stake in shares of Cadence Design Systems by 1.9% in the 4th quarter. Headinvest LLC now owns 2,565 shares of the software maker's stock valued at $771,000 after acquiring an additional 49 shares in the last quarter. 84.85% of the stock is owned by hedge funds and other institutional investors.

Cadence Design Systems Stock Performance

Shares of CDNS traded up $8.47 on Friday, reaching $373.35. 5,003,397 shares of the stock traded hands, compared to its average volume of 1,607,091. The firm has a market cap of $101.73 billion, a price-to-earnings ratio of 100.91, a P/E/G ratio of 4.90 and a beta of 1.00. 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 12 month low of $221.56 and a 12 month high of $376.45. The stock's 50-day moving average price is $346.27 and its 200-day moving average price is $306.53.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.Cadence Design Systems's quarterly revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the business 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. Equities analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on CDNS shares. Stifel Nicolaus raised their price objective on Cadence Design Systems from $350.00 to $395.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Robert W. Baird raised their price objective on Cadence Design Systems from $340.00 to $380.00 and gave the company an "outperform" rating in a research note on Monday, July 28th. Piper Sandler reissued a "neutral" rating and issued a $355.00 price objective (up from $328.00) on shares of Cadence Design Systems in a research note on Tuesday, July 29th. Loop Capital raised their price objective on Cadence Design Systems from $370.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Finally, KeyCorp raised their price objective 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. Twelve analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $364.33.

Insider Buying and Selling at Cadence Design Systems

In related news, Director Ita M. Brennan sold 180 shares of the business'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 sale, the director owned 7,830 shares of the company's stock, valued at $2,619,213.30. The trade was a 2.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were 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 directly owned 102,499 shares in the company, valued at approximately $35,254,531.05. This represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,180 shares of company stock worth $1,069,232. 1.99% of the stock is owned by 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.