J. Safra Sarasin Holding AG Sells 7,651 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• J. Safra Sarasin Holding AG reduced its stake in Cadence Design Systems by 7.8%, selling 7,651 shares, and now holds 89,873 shares valued at approximately $27.7 million.
• Cadence Design Systems reported a 20.2% year-over-year revenue increase, earning $1.65 EPS in its recent quarterly earnings, surpassing analyst expectations.
• Analysts have set an average price target of $364.33 for Cadence's stock, with ratings ranging from "Buy" to "Hold" from various investment firms.

J. Safra Sarasin Holding AG decreased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,873 shares of the software maker's stock after selling 7,651 shares during the period. J. Safra Sarasin Holding AG's holdings in Cadence Design Systems were worth $27,694,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Merit Financial Group LLC increased its holdings in Cadence Design Systems by 42.6% in the 1st quarter. Merit Financial Group LLC now owns 3,165 shares of the software maker's stock worth $805,000 after purchasing an additional 946 shares in the last quarter. Novem Group increased its stake in shares of Cadence Design Systems by 30.3% in the first quarter. Novem Group now owns 4,067 shares of the software maker's stock valued at $1,034,000 after buying an additional 945 shares during the period. Seilern Investment Management Ltd bought a new position in Cadence Design Systems in the 1st quarter valued at approximately $64,800,000. Brookstone Capital Management boosted its position in Cadence Design Systems by 19.9% during the 1st quarter. Brookstone Capital Management now owns 17,430 shares of the software maker's stock worth $4,433,000 after buying an additional 2,898 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Cadence Design Systems by 22.5% during the 1st quarter. GAMMA Investing LLC now owns 4,790 shares of the software maker's stock worth $1,218,000 after acquiring an additional 879 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Piper Sandler reaffirmed a "neutral" rating and set a $355.00 price target (up previously from $328.00) on shares of Cadence Design Systems in a research note on Tuesday, July 29th. Rosenblatt Securities restated a "neutral" rating and issued a $300.00 price objective on shares of Cadence Design Systems in a report on Friday, July 25th. KeyCorp lifted their target price on Cadence Design Systems from $358.00 to $405.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Stifel Nicolaus increased their price target 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. Finally, Berenberg Bank set a $400.00 target price on Cadence Design Systems in a report on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $364.33.

Cadence Design Systems Price Performance

CDNS stock opened at $351.97 on Thursday. 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 company's 50-day moving average is $352.28 and its 200-day moving average is $312.46. The stock has a market capitalization of $95.91 billion, a PE ratio of 95.13, a price-to-earnings-growth ratio of 4.61 and a beta of 0.99. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released 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 return on equity of 29.65% and a net margin of 19.88%.The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. The company's quarterly revenue was up 20.2% on a year-over-year basis. 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 research analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $334.51, for a total transaction of $60,211.80. Following the transaction, the director directly owned 7,830 shares in the company, valued at approximately $2,619,213.30. This trade represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $343.95, for a total transaction of $343,950.00. Following the completion of the sale, the vice president owned 102,499 shares of the company's stock, valued at approximately $35,254,531.05. The trade was a 0.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 2,180 shares of company stock valued at $762,882 over the last three months. 1.99% of the stock is currently owned by insiders.

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.

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