Cadence Design Systems, Inc. $CDNS Shares Acquired by Schroder Investment Management Group

Schroder Investment Management Group increased its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 0.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,073,935 shares of the software maker’s stock after acquiring an additional 15,625 shares during the period. Schroder Investment Management Group owned approximately 0.76% of Cadence Design Systems worth $722,808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Private Advisor Group LLC grew its holdings in Cadence Design Systems by 5.3% in the third quarter. Private Advisor Group LLC now owns 8,491 shares of the software maker’s stock valued at $2,983,000 after purchasing an additional 428 shares during the period. PFG Advisors purchased a new position in shares of Cadence Design Systems during the 3rd quarter valued at approximately $5,999,000. Pinnacle Associates Ltd. lifted its holdings in Cadence Design Systems by 3.4% during the third quarter. Pinnacle Associates Ltd. now owns 1,079 shares of the software maker’s stock valued at $379,000 after purchasing an additional 35 shares in the last quarter. Natixis Advisors LLC boosted its holdings in Cadence Design Systems by 7.2% in the 3rd quarter. Natixis Advisors LLC now owns 231,772 shares of the software maker’s stock worth $81,412,000 after buying an additional 15,589 shares during the last quarter. Finally, Korea Investment CORP boosted its stake in shares of Cadence Design Systems by 17.6% in the third quarter. Korea Investment CORP now owns 204,774 shares of the software maker’s stock worth $71,929,000 after acquiring an additional 30,636 shares during the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $296.94 on Monday. The firm has a 50 day moving average of $304.06 and a two-hundred day moving average of $323.85. The stock 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 company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. 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) last announced its quarterly earnings data on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.08. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm earned $1.88 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. 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, research analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CDNS. Piper Sandler cut their target price on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research note on Wednesday, February 18th. Oppenheimer raised Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price target on the stock in a research note on Monday, December 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Finally, Citigroup began coverage on shares of Cadence Design Systems in a report on Monday, November 24th. They issued a “buy” rating and a $385.00 price objective on the stock. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cadence Design Systems has an average rating of “Moderate Buy” and an average target price of $376.50.

Insider Buying and Selling

In other news, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $337.48, for a total value of $60,746.40. Following the completion of the transaction, the director owned 7,650 shares in the company, valued at approximately $2,581,722. This trade represents a 2.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $297.78, for a total value of $297,780.00. Following the transaction, the vice president directly owned 94,137 shares of the company’s stock, valued at approximately $28,032,115.86. This represents a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 36,480 shares of company stock worth $11,692,189. 0.37% of the stock is owned by corporate insiders.

About Cadence Design Systems

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.