18,648 Cadence Design Systems, Inc. $CDNS Shares Acquired by Ninety One UK Ltd

Ninety One UK Ltd boosted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 12.3% during the 3rd quarter, Holdings Channel reports. The fund owned 170,325 shares of the software maker’s stock after buying an additional 18,648 shares during the period. Ninety One UK Ltd’s holdings in Cadence Design Systems were worth $56,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. George Kaiser Family Foundation bought a new stake in Cadence Design Systems during the 2nd quarter valued at $725,000. Vega Investment Solutions bought a new position in shares of Cadence Design Systems in the second quarter valued at $1,957,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Cadence Design Systems by 65.7% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 26,160 shares of the software maker’s stock valued at $8,638,000 after buying an additional 10,376 shares in the last quarter. Osmosis Investment Management UK Ltd bought a new position in shares of Cadence Design Systems in the second quarter valued at $5,238,000. Finally, Lombard Odier Asset Management Europe Ltd grew its holdings in shares of Cadence Design Systems by 30.9% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 52,941 shares of the software maker’s stock valued at $14,711,000 after buying an additional 12,495 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

Insiders Place Their Bets

In other Cadence Design Systems news, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $350.07, for a total value of $437,587.50. Following the completion of the transaction, the director owned 39,544 shares in the company, valued at $13,843,168.08. This represents a 3.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 280 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $339.00, for a total value of $94,920.00. Following the sale, the vice president directly owned 31,720 shares of the company’s stock, valued at approximately $10,753,080. This represents a 0.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,960 shares of company stock worth $2,185,879 over the last 90 days. Company insiders own 0.49% of the company’s stock.

Cadence Design Systems Stock Performance

Shares of CDNS stock traded down $6.20 during trading on Thursday, hitting $323.26. The company’s stock had a trading volume of 996,558 shares, compared to its average volume of 2,439,398. The company has a market cap of $89.02 billion, a PE ratio of 64.11, a P/E/G ratio of 3.58 and a beta of 1.13. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $319.53 and a 200-day moving average of $338.60. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.06. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%. Cadence Design Systems’s revenue was up 24.2% on a year-over-year basis. During the same period last year, the business posted $1.65 earnings per share. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. As a group, research analysts anticipate that Cadence Design Systems, Inc. will post 6.41 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Morgan Stanley reissued an “overweight” rating and set a $400.00 target price (up from $370.00) on shares of Cadence Design Systems in a research report on Wednesday, July 29th. FBN Securities assumed coverage on shares of Cadence Design Systems in a report on Friday, September 11th. They issued an “outperform” rating and a $375.00 target price on the stock. Wall Street Zen raised shares of Cadence Design Systems from a “hold” rating to a “buy” rating in a research report on Monday. Weiss Ratings cut shares of Cadence Design Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 25th. Finally, Benchmark reiterated a “buy” rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $404.14.

Cadence Design Systems Profile

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.