Rep. Greg Landsman Sells Off Shares of Cadence Design Systems, Inc. (NASDAQ:CDNS)

Representative Greg Landsman (D-Ohio) recently sold shares of Cadence Design Systems, Inc. NASDAQ: CDNS. In a filing disclosed on April 08th, the Representative disclosed that they had sold between $1,001 and $15,000 in Cadence Design Systems stock on March 27th. The trade occurred in the Representative's "SARAH LANDSMAN TRADITIONAL IRA" account.

Representative Greg Landsman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of CrowdStrike NASDAQ: CRWD on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Simon Property Group NYSE: SPG on 3/27/2025.
• Sold $1,001 - $15,000 in shares of L3Harris Technologies NYSE: LHX on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Visa NYSE: V on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Cencora NYSE: COR on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Alphabet NASDAQ: GOOGL on 3/27/2025.
• Sold $1,001 - $15,000 in shares of Ameriprise Financial NYSE: AMP on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Salesforce NYSE: CRM on 3/27/2025.
• Sold $1,001 - $15,000 in shares of Equinix NASDAQ: EQIX on 3/27/2025.
• Sold $15,001 - $50,000 in shares of Procter & Gamble NYSE: PG on 3/27/2025.

Cadence Design Systems Stock Performance

CDNS traded down $0.06 during midday trading on Monday, reaching $259.41. The company had a trading volume of 556,377 shares, compared to its average volume of 1,943,268. The business has a 50-day moving average price of $261.43 and a two-hundred day moving average price of $282.51. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.27 and a current ratio of 2.93. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $328.99. The stock has a market cap of $71.16 billion, a PE ratio of 67.20, a P/E/G ratio of 3.88 and a beta of 1.14.

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Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The software maker reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.33). The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. Cadence Design Systems had a net margin of 22.74% and a return on equity of 29.24%. On average, sell-side analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CDNS has been the topic of a number of recent research reports. StockNews.com cut shares of Cadence Design Systems from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Bank of America decreased their target price on Cadence Design Systems from $365.00 to $350.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Loop Capital decreased their price objective on shares of Cadence Design Systems from $360.00 to $340.00 and set a "buy" rating for the company in a report on Wednesday, February 19th. Oppenheimer cut their target price on shares of Cadence Design Systems from $225.00 to $200.00 and set an "underperform" rating on the stock in a research note on Wednesday, March 19th. Finally, Rosenblatt Securities increased their price target on shares of Cadence Design Systems from $280.00 to $295.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $324.83.

Insiders Place Their Bets

In related news, VP Paul Cunningham sold 650 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $252.64, for a total value of $164,216.00. Following the completion of the transaction, the vice president now owns 108,799 shares of the company's stock, valued at approximately $27,486,979.36. This represents a 0.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 1,950 shares of company stock worth $518,499 over the last three months. 1.99% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CDNS. Norges Bank purchased a new position in Cadence Design Systems during the fourth quarter valued at $1,170,209,000. GAMMA Investing LLC lifted its position in shares of Cadence Design Systems by 31,049.1% during the 1st quarter. GAMMA Investing LLC now owns 1,218,241 shares of the software maker's stock valued at $309,835,000 after buying an additional 1,214,330 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of Cadence Design Systems by 53.1% during the 4th quarter. Schroder Investment Management Group now owns 2,064,219 shares of the software maker's stock valued at $623,105,000 after acquiring an additional 716,041 shares during the period. FMR LLC increased its holdings in Cadence Design Systems by 8.7% in the 4th quarter. FMR LLC now owns 7,978,652 shares of the software maker's stock worth $2,397,266,000 after acquiring an additional 639,146 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Cadence Design Systems by 12.5% during the 4th quarter. Alliancebernstein L.P. now owns 5,676,194 shares of the software maker's stock worth $1,705,469,000 after acquiring an additional 632,175 shares during the period. 84.85% of the stock is currently owned by institutional investors.

About Representative Landsman

Greg Landsman (Democratic Party) is a member of the U.S. House, representing Ohio's 1st Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2027. Landsman (Democratic Party) is running for re-election to the U.S. House to represent Ohio's 1st Congressional District. He declared candidacy for the 2026 election. Greg Landsman was born in Cincinnati, Ohio, and lives in Mt. Washington, Ohio. Landsman earned a B.A. in economics and political science from Ohio University and an M.A. in theological studies, religion, and public policy from Harvard University in 2004. His career experience includes working as the executive director of The Strive Partnership with the KnowledgeWorks Foundation and the director of the Ohio Governor's Office of Faith-Based and Community Initiatives.

Cadence Design Systems Company 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.