The Manufacturers Life Insurance Company Sells 59,684 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Cadence Design Systems by 26.7%, selling 59,684 shares, and now owns about 0.06% of the company valued at approximately $41.6 million.
• Equities analysts have varied outlooks on Cadence Design Systems, with Mizuho raising its price target to $375 and others issuing a mix of "buy," "hold," and "neutral" ratings.
• Cadence Design Systems reported $1.65 EPS for the quarter, surpassing expectations, and anticipates earnings guidance of 1.750-1.810 EPS for Q3 2025.

The Manufacturers Life Insurance Company trimmed its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 26.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 163,606 shares of the software maker's stock after selling 59,684 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Cadence Design Systems worth $41,610,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new stake in Cadence Design Systems during the 1st quarter valued at approximately $25,000. Costello Asset Management INC bought a new stake in Cadence Design Systems during the 1st quarter valued at approximately $25,000. Valley National Advisers Inc. boosted its position in shares of Cadence Design Systems by 707.1% in the 1st quarter. Valley National Advisers Inc. now owns 113 shares of the software maker's stock worth $28,000 after purchasing an additional 99 shares in the last quarter. Ancora Advisors LLC boosted its position in shares of Cadence Design Systems by 1,400.0% in the 4th quarter. Ancora Advisors LLC now owns 120 shares of the software maker's stock worth $36,000 after purchasing an additional 112 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in shares of Cadence Design Systems by 36.5% in the 1st quarter. Meeder Asset Management Inc. now owns 172 shares of the software maker's stock worth $44,000 after purchasing an additional 46 shares in the last quarter. 84.85% of the stock is owned by institutional investors.

Cadence Design Systems Stock Performance

CDNS traded up $2.01 during mid-day trading on Thursday, reaching $349.33. 904,753 shares of the company traded hands, compared to its average volume of 1,996,185. The stock has a market capitalization of $95.19 billion, a P/E ratio of 94.41, a P/E/G ratio of 4.60 and a beta of 1.00. The company has a quick ratio of 2.67, a current ratio of 2.82 and a debt-to-equity ratio of 0.49. The company's fifty day moving average price is $337.44 and its 200-day moving average price is $298.45. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.09. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The company's quarterly revenue was up 20.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.28 EPS. 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, sell-side analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Mizuho boosted their price target on Cadence Design Systems from $360.00 to $375.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 29th. Wells Fargo & Company boosted 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. Piper Sandler reissued a "neutral" rating and issued a $355.00 price target (up from $328.00) on shares of Cadence Design Systems in a research report on Tuesday, July 29th. Loop Capital boosted their price target on Cadence Design Systems from $370.00 to $390.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Cadence Design Systems currently has a consensus rating of "Moderate Buy" and a consensus target price of $364.33.

Insider Buying and Selling at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the company's stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $304.00, for a total value of $54,720.00. Following the completion of the sale, the director directly owned 8,010 shares in the company, valued at $2,435,040. This represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 value of $343,950.00. Following the completion of the sale, the vice president owned 102,499 shares of the company's stock, valued at $35,254,531.05. This trade represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,180 shares of company stock valued at $1,365,740 over the last 90 days. 0.37% of the stock is currently owned by company 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.