Holocene Advisors LP Boosts Stake in Cadence Design Systems, Inc. $CDNS

Holocene Advisors LP boosted its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 7.1% in the 3rd quarter, Holdings Channel reports. The firm owned 237,480 shares of the software maker’s stock after purchasing an additional 15,650 shares during the period. Holocene Advisors LP’s holdings in Cadence Design Systems were worth $83,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Occidental Asset Management LLC boosted its position in shares of Cadence Design Systems by 2.3% during the third quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker’s stock worth $464,000 after buying an additional 30 shares during the period. Whittier Trust Co. raised its holdings in shares of Cadence Design Systems by 0.4% in the 3rd quarter. Whittier Trust Co. now owns 7,072 shares of the software maker’s stock valued at $2,456,000 after buying an additional 30 shares during the period. Cornerstone Wealth Group LLC raised its holdings in shares of Cadence Design Systems by 4.3% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 777 shares of the software maker’s stock valued at $273,000 after buying an additional 32 shares during the period. KRS Capital Management LLC lifted its stake in Cadence Design Systems by 1.4% during the 3rd quarter. KRS Capital Management LLC now owns 2,425 shares of the software maker’s stock worth $852,000 after acquiring an additional 33 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in Cadence Design Systems by 1.4% during the 3rd quarter. Kathmere Capital Management LLC now owns 2,336 shares of the software maker’s stock valued at $821,000 after acquiring an additional 33 shares during the period. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Stock Performance

Shares of CDNS opened at $292.72 on Tuesday. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The stock has a market capitalization of $79.81 billion, a PE ratio of 72.10, a PEG ratio of 3.45 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86. The stock has a 50-day simple moving average of $301.77 and a 200-day simple moving average of $321.51.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. The firm had revenue of $1.44 billion for 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%. The business’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same period in the prior year, the firm 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, analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CDNS has been the subject of several research reports. Citigroup began coverage on Cadence Design Systems in a research report on Monday, November 24th. They issued a “buy” rating and a $385.00 target price for the company. Stifel Nicolaus set a $395.00 price objective on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Piper Sandler lowered 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 research note on Wednesday, February 18th. Rosenblatt Securities restated a “buy” rating and issued a $360.00 price objective on shares of Cadence Design Systems in a report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $376.50.

Insider Buying and Selling

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders have sold 3,005 shares of company stock worth $910,133. Insiders own 1.99% of the company’s stock.

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.