Vontobel Holding Ltd. Sells 41,733 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• Vontobel Holding Ltd. reduced its stake in Cadence Design Systems by 15.6% in the second quarter, selling 41,733 shares, leaving them with 226,570 shares worth $69.8 million.
• Cadence Design Systems reported strong quarterly earnings, with an EPS of $1.65, surpassing expectations, and a year-over-year revenue increase of 20.2% to $1.28 billion.
• Several institutional investors have changed their positions, with notable increases from companies like Nuveen LLC and Assenagon Asset Management, further reflecting strong investor interest in Cadence Design Systems.

Vontobel Holding Ltd. trimmed its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 15.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 226,570 shares of the software maker's stock after selling 41,733 shares during the quarter. Vontobel Holding Ltd. owned 0.08% of Cadence Design Systems worth $69,818,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CDNS. Nuveen LLC purchased a new position in shares of Cadence Design Systems in the 1st quarter worth about $289,744,000. Jennison Associates LLC grew its position in Cadence Design Systems by 13.2% during the 1st quarter. Jennison Associates LLC now owns 9,064,953 shares of the software maker's stock worth $2,305,489,000 after acquiring an additional 1,054,702 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Cadence Design Systems by 466.4% in the 2nd quarter. Assenagon Asset Management S.A. now owns 786,849 shares of the software maker's stock worth $242,468,000 after buying an additional 647,931 shares during the period. Vanguard Group Inc. lifted its holdings in Cadence Design Systems by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 26,339,142 shares of the software maker's stock worth $6,698,834,000 after buying an additional 429,955 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Cadence Design Systems by 7.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,729,026 shares of the software maker's stock worth $1,202,733,000 after buying an additional 312,757 shares during the period. 84.85% of the stock is currently owned by institutional investors.

Cadence Design Systems Stock Up 1.3%

Cadence Design Systems stock opened at $350.00 on Thursday. The firm has a market cap of $95.37 billion, a price-to-earnings ratio of 94.59, a PEG ratio of 4.53 and a beta of 0.99. The stock has a fifty day simple moving average of $352.59 and a two-hundred day simple moving average of $315.59. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The software maker reported $1.65 EPS for the quarter, topping 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 company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same quarter in the previous year, the company posted $1.28 earnings per share. Cadence Design Systems's revenue 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. Equities analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $348.27, for a total value of $348,270.00. Following the completion of the sale, the vice president owned 99,672 shares of the company's stock, valued at $34,712,767.44. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John M. Wall sold 7,500 shares of Cadence Design Systems stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $349.16, for a total value of $2,618,700.00. Following the completion of the sale, the chief financial officer directly owned 70,715 shares of the company's stock, valued at $24,690,849.40. The trade was a 9.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,680 shares of company stock valued at $3,729,852 over the last 90 days. Company insiders own 1.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CDNS shares. JPMorgan Chase & Co. increased their target price on Cadence Design Systems from $330.00 to $390.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 29th. Robert W. Baird raised their price objective 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. Rosenblatt Securities reaffirmed a "neutral" rating and set a $300.00 price objective on shares of Cadence Design Systems in a research report on Friday, July 25th. Piper Sandler reaffirmed a "neutral" rating and set a $355.00 price objective (up previously from $328.00) on shares of Cadence Design Systems in a research report on Tuesday, July 29th. Finally, The Goldman Sachs Group began coverage on Cadence Design Systems in a report on Thursday, July 10th. They issued a "buy" rating and a $380.00 target price for the company. Fourteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Cadence Design Systems currently has a consensus rating of "Moderate Buy" and an average price target of $368.53.

About Cadence Design Systems

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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