Magnetar Financial LLC Buys 18,766 Shares of Cadence Design Systems, Inc. $CDNS

Magnetar Financial LLC boosted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 664.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,591 shares of the software maker’s stock after purchasing an additional 18,766 shares during the period. Magnetar Financial LLC’s holdings in Cadence Design Systems were worth $7,584,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CDNS. Quadrant Capital Group LLC lifted its position in shares of Cadence Design Systems by 1.2% during the 3rd quarter. Quadrant Capital Group LLC now owns 6,682 shares of the software maker’s stock valued at $2,347,000 after buying an additional 78 shares during the last quarter. Bank of Montreal Can increased its holdings in Cadence Design Systems by 3.3% in the 3rd quarter. Bank of Montreal Can now owns 306,903 shares of the software maker’s stock worth $107,803,000 after acquiring an additional 9,924 shares during the last quarter. Legal & General Group Plc increased its holdings in Cadence Design Systems by 1.7% in the 3rd quarter. Legal & General Group Plc now owns 1,964,060 shares of the software maker’s stock worth $689,896,000 after acquiring an additional 32,461 shares during the last quarter. Fieldview Capital Management LLC raised its stake in Cadence Design Systems by 14.9% in the 3rd quarter. Fieldview Capital Management LLC now owns 3,319 shares of the software maker’s stock valued at $1,166,000 after acquiring an additional 430 shares during the period. Finally, WINTON GROUP Ltd lifted its holdings in Cadence Design Systems by 185.0% during the third quarter. WINTON GROUP Ltd now owns 18,808 shares of the software maker’s stock valued at $6,606,000 after purchasing an additional 12,209 shares during the last quarter. 84.85% of the stock is owned by institutional investors.

Insider Activity at Cadence Design Systems

In other news, CFO John M. Wall sold 27,805 shares of the company’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $318.57, for a total value of $8,857,838.85. Following the transaction, the chief financial officer owned 69,957 shares of the company’s stock, valued at approximately $22,286,201.49. This represents a 28.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the stock in a transaction on Monday, March 2nd. The stock was 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 in the company, valued at $28,032,115.86. This trade represents a 1.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 30,810 shares of company stock worth $9,767,972 over the last quarter. Corporate insiders own 0.37% of the company’s stock.

Cadence Design Systems Trading Down 1.6%

Shares of CDNS opened at $293.29 on Wednesday. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45. The stock has a market cap of $79.97 billion, a PE ratio of 72.24, a P/E/G ratio of 3.58 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. The business’s 50-day moving average price is $303.22 and its 200-day moving average price is $323.10.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. Cadence Design Systems’s revenue was up 6.2% compared to the same quarter last year. During the same period last year, the business earned $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, equities analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Stifel Nicolaus set a $395.00 target price on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Oppenheimer raised shares of 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 report on Monday, December 1st. Piper Sandler cut their price objective on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Wells Fargo & Company reduced their price objective on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $376.50.

Cadence Design Systems 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.