Cadence Design Systems, Inc. $CDNS Holdings Lifted by Candriam S.C.A.

Candriam S.C.A. boosted its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 8.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 272,501 shares of the software maker’s stock after buying an additional 20,579 shares during the period. Candriam S.C.A.’s holdings in Cadence Design Systems were worth $75,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC grew its stake in Cadence Design Systems by 24.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 10,607 shares of the software maker’s stock valued at $2,947,000 after acquiring an additional 2,115 shares in the last quarter. Stiles Financial Services Inc lifted its position in shares of Cadence Design Systems by 4.4% in the first quarter. Stiles Financial Services Inc now owns 3,037 shares of the software maker’s stock worth $844,000 after purchasing an additional 127 shares in the last quarter. Whipplewood Advisors LLC boosted its holdings in shares of Cadence Design Systems by 933.3% during the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock worth $26,000 after purchasing an additional 84 shares during the period. Peterson Wealth Services boosted its holdings in shares of Cadence Design Systems by 2.6% during the first quarter. Peterson Wealth Services now owns 12,198 shares of the software maker’s stock worth $3,389,000 after purchasing an additional 309 shares during the period. Finally, Resona Asset Management Co. Ltd. grew its position in Cadence Design Systems by 2.3% during the first quarter. Resona Asset Management Co. Ltd. now owns 89,290 shares of the software maker’s stock valued at $24,695,000 after purchasing an additional 2,019 shares in the last quarter. 84.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cadence Design Systems

In related news, CEO Anirudh Devgan sold 25,005 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $415.00, for a total value of $10,377,075.00. Following the transaction, the chief executive officer directly owned 253,519 shares in the company, valued at approximately $105,210,385. This trade represents a 8.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Plummer sold 1,511 shares of Cadence Design Systems stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $381.34, for a total transaction of $576,204.74. Following the completion of the transaction, the director owned 23,264 shares in the company, valued at $8,871,493.76. This trade represents a 6.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 178,557 shares of company stock worth $66,925,452 in the last quarter. 0.49% of the stock is owned by corporate insiders.

Cadence Design Systems Price Performance

Shares of CDNS opened at $384.17 on Friday. The firm has a market cap of $105.96 billion, a PE ratio of 89.55, a PEG ratio of 4.57 and a beta of 1.15. The firm’s 50 day moving average price is $374.82 and its 200 day moving average price is $326.95. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, beating the consensus estimate of $1.91 by $0.05. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the company posted $1.57 earnings per share. The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. As a group, research analysts expect that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 target price on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Robert W. Baird upped their price target on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Citigroup upped their price target on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Piper Sandler lifted their price objective on Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. Finally, KeyCorp boosted their target price on Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and an average target price of $387.00.

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.