Robeco Institutional Asset Management B.V. Purchases 306,198 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• Robeco Institutional Asset Management B.V. has increased its stake in Cadence Design Systems by 686.3%, acquiring 306,198 shares and bringing its total ownership to approximately $108.1 million as of the latest SEC filing.
• Analysts are optimistic about Cadence Design Systems, with multiple firms setting new price targets ranging from $400.00 to $405.00, and a consensus rating of "Moderate Buy".
• Insider trading activity includes significant share sales, with the CFO selling 7,500 shares and a director selling 180 shares, indicating potential profit-taking amidst a growing market capitalization of $94.62 billion.

Robeco Institutional Asset Management B.V. increased its position in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 686.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 350,814 shares of the software maker's stock after acquiring an additional 306,198 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.13% of Cadence Design Systems worth $108,103,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Cadence Design Systems during the 1st quarter valued at about $25,000. Costello Asset Management INC bought a new stake in Cadence Design Systems during the first quarter valued at approximately $25,000. Saudi Central Bank purchased a new stake in Cadence Design Systems during the first quarter valued at approximately $27,000. Valley National Advisers Inc. raised its position in Cadence Design Systems by 707.1% in the first quarter. Valley National Advisers Inc. now owns 113 shares of the software maker's stock worth $28,000 after acquiring an additional 99 shares during the period. Finally, Meeder Asset Management Inc. boosted its stake in shares of Cadence Design Systems by 36.5% during the 1st quarter. Meeder Asset Management Inc. now owns 172 shares of the software maker's stock worth $44,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 84.85% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. BNP Paribas Exane began coverage on Cadence Design Systems in a research note on Thursday. They issued an "outperform" rating and a $400.00 price objective for the company. Wells Fargo & Company upped their price target on Cadence Design Systems from $365.00 to $405.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Berenberg Bank set a $400.00 price objective on Cadence Design Systems in a research note on Wednesday, July 30th. Wall Street Zen downgraded Cadence Design Systems from a "buy" rating to a "hold" rating in a research note on Sunday, September 21st. Finally, Loop Capital increased their target price on shares of Cadence Design Systems from $370.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Fourteen research 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $368.53.

Insider Buying and Selling at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated 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 directly owned 7,830 shares of the company's stock, valued at approximately $2,619,213.30. The trade was a 2.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John M. Wall sold 7,500 shares of the stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $349.16, for a total value of $2,618,700.00. Following the transaction, the chief financial officer directly owned 70,715 shares of the company's stock, valued at approximately $24,690,849.40. The trade was a 9.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,680 shares of company stock valued at $3,729,852 in the last 90 days. Insiders own 1.99% of the company's stock.

Cadence Design Systems Trading Down 1.3%

CDNS stock opened at $347.24 on Friday. 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 1-year low of $221.56 and a 1-year high of $376.45. The business has a 50 day simple moving average of $352.74 and a two-hundred day simple moving average of $313.09. The company has a market capitalization of $94.62 billion, a price-to-earnings ratio of 93.85, a PEG ratio of 4.62 and a beta of 0.99.

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 the consensus estimate of $1.56 by $0.09. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same quarter last year, the business posted $1.28 earnings per share. The company's revenue for the quarter was up 20.2% compared to the same quarter last year. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. Research analysts anticipate 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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