Landscape Capital Management L.L.C. Acquires Shares of 2,189 Cadence Design Systems, Inc. $CDNS

Key Points

• Landscape Capital Management L.L.C. has acquired 2,189 shares of Cadence Design Systems, Inc. for approximately $557,000 as part of its new stake in the company.
• Cadence Design Systems reported a quarterly earnings per share (EPS) of $1.65, exceeding analysts' expectations of $1.56, alongside a revenue of $1.28 billion.
• Institutional investors currently own 84.85% of Cadence Design Systems' stock, signifying strong investor interest in the company's future performance.

Landscape Capital Management L.L.C. acquired a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,189 shares of the software maker's stock, valued at approximately $557,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in Cadence Design Systems during the 4th quarter valued at about $348,000. Merit Financial Group LLC increased its stake in Cadence Design Systems by 42.6% during the 1st quarter. Merit Financial Group LLC now owns 3,165 shares of the software maker's stock valued at $805,000 after purchasing an additional 946 shares in the last quarter. Novem Group increased its stake in Cadence Design Systems by 30.3% during the 1st quarter. Novem Group now owns 4,067 shares of the software maker's stock valued at $1,034,000 after purchasing an additional 945 shares in the last quarter. Seilern Investment Management Ltd bought a new stake in Cadence Design Systems during the 1st quarter valued at about $64,800,000. Finally, Integrated Advisors Network LLC grew its stake in shares of Cadence Design Systems by 156.9% in the fourth quarter. Integrated Advisors Network LLC now owns 3,406 shares of the software maker's stock worth $1,023,000 after acquiring an additional 2,080 shares during the period. 84.85% of the stock is currently owned by institutional investors.

Cadence Design Systems Stock Performance

CDNS opened at $350.43 on Friday. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. The company has a market cap of $95.49 billion, a price-to-earnings ratio of 94.71, a PEG ratio of 4.60 and a beta of 0.97. The company's 50 day moving average is $334.39 and its 200 day moving average is $297.41. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.09. The company had revenue of $1.28 billion for 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%. The firm's revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the firm 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. On average, equities research analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Buying and Selling

In related news, Director Ita M. Brennan sold 180 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $304.00, for a total value of $54,720.00. Following the transaction, the director owned 8,010 shares of the company's stock, valued at approximately $2,435,040. This trade represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Paul Cunningham sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $358.72, for a total transaction of $358,720.00. Following the completion of the transaction, the vice president directly owned 104,499 shares in the company, valued at approximately $37,485,881.28. The trade was a 0.95% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 3,830 shares of company stock worth $1,207,671. 1.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CDNS has been the subject of a number of research analyst reports. Mizuho lifted their price target on shares of Cadence Design Systems from $360.00 to $375.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. The Goldman Sachs Group initiated coverage on shares of Cadence Design Systems in a research note on Thursday, July 10th. They issued a "buy" rating and a $380.00 price target for the company. Berenberg Bank set a $400.00 price target on shares of Cadence Design Systems in a research note on Wednesday, July 30th. Loop Capital lifted their price target on shares of Cadence Design Systems from $370.00 to $390.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Cadence Design Systems from $330.00 to $390.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.

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