CIBC Asset Management Inc Raises Position in Cadence Design Systems, Inc. $CDNS

CIBC Asset Management Inc lifted its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 26.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 137,487 shares of the software maker’s stock after acquiring an additional 28,996 shares during the quarter. CIBC Asset Management Inc’s holdings in Cadence Design Systems were worth $42,976,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CDNS. Y.D. More Investments Ltd purchased a new stake in shares of Cadence Design Systems in the third quarter worth about $26,000. Caitlin John LLC purchased a new stake in shares of Cadence Design Systems in the third quarter worth about $29,000. Lodestone Wealth Management LLC purchased a new stake in shares of Cadence Design Systems in the fourth quarter worth about $30,000. Imprint Wealth LLC purchased a new stake in shares of Cadence Design Systems in the third quarter worth about $31,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in Cadence Design Systems in the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Key Stories Impacting Cadence Design Systems

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Cadence continues to draw bullish analyst and investor attention, with coverage noting strong long-term prospects and competitive advantages despite recent relative underperformance. Cadence Design Systems Stock: Is CDNS Underperforming the Technology Sector?
• Positive Sentiment: Recent conference appearances by Cadence executives may reinforce investor interest in the company’s strategy and growth outlook. Cadence Design Systems, Inc. (CDNS) Presents at Bank of America 2026 Global Technology Conference Transcript
• Neutral Sentiment: Cadence’s Richard Gu is scheduled to present at a Nasdaq conference, keeping the company visible to investors but not changing fundamentals by itself. Cadence’s Richard Gu to Present at Nasdaq Conference
• Neutral Sentiment: Valuation-focused coverage compared CDNS with Adobe, suggesting investors are still debating whether the stock’s premium valuation is justified. ADBE or CDNS: Which Is the Better Value Stock Right Now?
• Negative Sentiment: CEO Anirudh Devgan sold shares in two separate transactions, and VP Paul Scannell also sold stock; although both sales were made under pre-arranged 10b5-1 plans, insider selling can still weigh on sentiment. SEC filing for Paul Scannell sale SEC filing for Anirudh Devgan sale
• Negative Sentiment: Recent market coverage noted that CDNS fell more than the broader market in the latest session, reinforcing short-term weakness in the share price. Here’s Why Cadence Design Systems (CDNS) Fell More Than Broader Market

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, CFO John M. Wall sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $348.71, for a total transaction of $1,743,550.00. Following the sale, the chief financial officer owned 81,875 shares in the company, valued at $28,550,631.25. This represents a 5.76% decrease in their ownership of the stock. The sale 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, CEO Anirudh Devgan sold 25,005 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer owned 253,519 shares in the company, valued at $105,210,385. The trade was a 8.98% decrease in their position. 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. Over the last ninety days, insiders have sold 176,046 shares of company stock worth $65,830,801. 0.49% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on CDNS. Berenberg Bank set a $440.00 price target on Cadence Design Systems in a report on Wednesday, May 27th. Wells Fargo & Company increased their price target on Cadence Design Systems from $400.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price target on shares of Cadence Design Systems in a report on Tuesday, April 28th. Piper Sandler increased their price target on Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a report on Tuesday, April 28th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $360.00 price target on shares of Cadence Design Systems in a report on Friday, April 24th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $384.41.

Cadence Design Systems Trading Down 2.0%

Shares of NASDAQ CDNS opened at $408.00 on Thursday. The stock’s 50 day moving average price is $328.72 and its two-hundred day moving average price is $314.72. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $416.69. The stock has a market capitalization of $112.53 billion, a P/E ratio of 95.11, a PEG ratio of 4.93 and a beta of 1.15. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share (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 firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the firm posted $1.57 earnings per share. Cadence Design Systems’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. On average, analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

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.