Cadence Design Systems, Inc. $CDNS Shares Acquired by LGT Fund Management Co Ltd.

LGT Fund Management Co Ltd. increased its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 29.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,165 shares of the software maker’s stock after purchasing an additional 2,103 shares during the period. LGT Fund Management Co Ltd.’s holdings in Cadence Design Systems were worth $3,226,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd acquired a new position in shares of Cadence Design Systems during the 3rd quarter valued at $26,000. Caitlin John LLC bought a new stake in shares of Cadence Design Systems in the 3rd quarter worth $29,000. Robbins Farley acquired a new stake in shares of Cadence Design Systems in the third quarter valued at $35,000. Cloud Capital Management LLC bought a new position in Cadence Design Systems during the third quarter valued at about $35,000. Finally, Strategic Wealth Investment Group LLC bought a new position in Cadence Design Systems during the second quarter valued at about $32,000. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CDNS has been the topic of several research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 price target on shares of Cadence Design Systems in a research report on Thursday, February 26th. Stifel Nicolaus set a $395.00 price objective on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Citigroup started coverage on shares of Cadence Design Systems in a research note on Monday, November 24th. They issued a “buy” rating and a $385.00 price objective on the stock. Oppenheimer upgraded shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 target price on the stock in a report on Monday, December 1st. Finally, Morgan Stanley cut their target price on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.50.

Cadence Design Systems Price Performance

CDNS stock opened at $296.94 on Monday. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. The firm has a market capitalization of $80.96 billion, a PE ratio of 73.14, a P/E/G ratio of 3.56 and a beta of 1.00. The firm has a 50-day moving average of $304.06 and a two-hundred day moving average of $323.85.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, topping the consensus estimate of $1.91 by $0.08. The company had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the company posted $1.88 earnings per share. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. On average, analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Insider Activity

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $337.48, for a total transaction of $60,746.40. Following the sale, the director directly owned 7,650 shares of the company’s stock, valued at $2,581,722. The trade was a 2.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $297.78, for a total value of $297,780.00. Following the completion of the sale, the vice president owned 94,137 shares of the company’s stock, valued at $28,032,115.86. The trade was a 1.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 36,480 shares of company stock worth $11,692,189. Company insiders own 0.37% of the company’s stock.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.