Mn Services Vermogensbeheer B.V. Has $31.87 Million Position in Cadence Design Systems, Inc. $CDNS

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Cadence Design Systems by 2.5%, bringing its total ownership to 103,437 shares worth approximately $31.87 million.
• Analysts have recently raised price targets for Cadence Design Systems, with firms like Robert W. Baird and JPMorgan Chase setting targets as high as $390, signaling a strong market outlook for the company.
• In the last 90 days, insiders sold 3,180 shares of Cadence Design Systems, indicating some profit-taking among executives despite the company's positive earnings report.

Mn Services Vermogensbeheer B.V. boosted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 2.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,437 shares of the software maker's stock after purchasing an additional 2,500 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Cadence Design Systems were worth $31,874,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC acquired a new position in Cadence Design Systems during the first quarter valued at approximately $25,000. Costello Asset Management INC acquired a new position in Cadence Design Systems during the first quarter valued at approximately $25,000. Saudi Central Bank acquired a new position in Cadence Design Systems during the first quarter valued at approximately $27,000. Valley National Advisers Inc. boosted its position in Cadence Design Systems by 707.1% during the first quarter. Valley National Advisers Inc. now owns 113 shares of the software maker's stock valued at $28,000 after purchasing an additional 99 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Cadence Design Systems by 36.5% during the first quarter. Meeder Asset Management Inc. now owns 172 shares of the software maker's stock valued at $44,000 after purchasing an additional 46 shares during the last quarter. 84.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on CDNS. Robert W. Baird increased their price target on Cadence Design Systems from $340.00 to $380.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. 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 report on Tuesday, July 29th. JPMorgan Chase & Co. raised their price objective on Cadence Design Systems from $330.00 to $390.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Wall Street Zen raised Cadence Design Systems from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and issued a $300.00 price objective on shares of Cadence Design Systems in a research report on Friday, July 25th. 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. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $364.33.

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 value of $60,211.80. Following the sale, the director owned 7,830 shares of the company's stock, valued at approximately $2,619,213.30. This trade represents a 2.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the firm'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. Company insiders own 1.99% of the company's stock.

Cadence Design Systems Price Performance

Cadence Design Systems stock opened at $347.27 on Thursday. The stock's fifty day moving average price is $344.37 and its two-hundred day moving average price is $304.34. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. 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 firm has a market cap of $94.63 billion, a PE ratio of 93.86, a price-to-earnings-growth ratio of 4.58 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $1.25 billion. During the same quarter last year, the company earned $1.28 EPS. The company's 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. As a group, research analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

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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