IPG Investment Advisors LLC Invests $1.90 Million in Cadence Design Systems, Inc. $CDNS

IPG Investment Advisors LLC bought a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,068 shares of the software maker's stock, valued at approximately $1,902,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CDNS. Whipplewood Advisors LLC raised its holdings in Cadence Design Systems by 933.3% during the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker's stock worth $26,000 after acquiring an additional 84 shares in the last quarter. Brown Lisle Cummings Inc. boosted its holdings in shares of Cadence Design Systems by 860.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker's stock valued at $27,000 after buying an additional 86 shares during the last quarter. University of Texas Texas AM Investment Management Co. bought a new position in shares of Cadence Design Systems in the fourth quarter valued at $28,000. Swiss RE Ltd. acquired a new position in Cadence Design Systems during the fourth quarter worth $29,000. Finally, Avalon Trust Co bought a new stake in Cadence Design Systems during the second quarter worth $30,000. 84.85% of the stock is owned by institutional investors.

Insider Activity at Cadence Design Systems

In related news, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $320.88, for a total transaction of $401,100.00. Following the sale, the director owned 40,794 shares of the company's stock, valued at $13,089,978.72. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction on Monday, August 17th. The shares were sold at an average price of $323.32, for a total value of $646,640.00. Following the completion of the transaction, the vice president directly owned 124,586 shares of the company's stock, valued at $40,281,145.52. This represents a 1.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 5,530 shares of company stock worth $1,924,660. Company insiders own 0.49% of the company's stock.

Cadence Design Systems Trading Up 0.2%

Shares of Cadence Design Systems stock opened at $284.60 on Thursday. The firm has a 50-day moving average of $336.28 and a 200-day moving average of $333.89. The stock has a market cap of $78.38 billion, a PE ratio of 56.58, a PEG ratio of 3.05 and a beta of 1.14. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $416.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. Cadence Design Systems's revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the firm earned $1.65 earnings per share. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. As a group, sell-side analysts forecast that Cadence Design Systems, Inc. will post 6.4 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CDNS shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $400.00 target price on shares of Cadence Design Systems in a report on Wednesday, July 29th. Wall Street Zen raised Cadence Design Systems from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Benchmark reaffirmed a "buy" rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Weiss Ratings upgraded shares of Cadence Design Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company raised their target price on shares of Cadence Design Systems from $400.00 to $425.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 26th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $405.69.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware and semiconductor intellectual property (IP). Its products help engineers design, verify and analyze integrated circuits, printed circuit boards and complete electronic systems.

The company offers solutions spanning digital and custom IC design, functional verification, digital and analog simulation, emulation and prototyping, system analysis, and 3D computational fluid dynamics.

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