Cadence Design Systems, Inc. $CDNS Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 226,667 shares of the software maker’s stock after acquiring an additional 2,604 shares during the quarter. Vontobel Holding Ltd.’s holdings in Cadence Design Systems were worth $70,852,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CDNS. Y.D. More Investments Ltd acquired a new stake in Cadence Design Systems during the third quarter worth approximately $26,000. Caitlin John LLC acquired a new stake in Cadence Design Systems during the third quarter worth approximately $29,000. Swiss RE Ltd. acquired a new stake in Cadence Design Systems during the fourth quarter worth approximately $29,000. Lodestone Wealth Management LLC acquired a new stake in Cadence Design Systems during the fourth quarter worth approximately $30,000. Finally, Imprint Wealth LLC acquired a new stake in Cadence Design Systems during the third quarter worth approximately $31,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Activity at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Scannell sold 10,500 shares of Cadence Design Systems stock in a transaction on Friday, May 1st. The shares were sold at an average price of $339.00, for a total value of $3,559,500.00. Following the transaction, the vice president owned 33,946 shares in the company, valued at $11,507,694. This trade represents a 23.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $337.49, for a total transaction of $337,490.00. Following the completion of the transaction, the vice president directly owned 127,586 shares in the company, valued at approximately $43,058,999.14. This represents a 0.78% 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 have sold 176,226 shares of company stock worth $65,900,542 in the last 90 days. Company insiders own 0.49% of the company’s stock.

Cadence Design Systems Stock Up 0.3%

Shares of CDNS opened at $384.96 on Friday. The firm has a market cap of $106.18 billion, a PE ratio of 89.73, a price-to-earnings-growth ratio of 4.54 and a beta of 1.15. The company’s fifty day moving average is $344.32 and its two-hundred day moving average is $318.73. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. 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 results on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. Cadence Design Systems’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter last year, the business earned $1.57 EPS. 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. Analysts forecast that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. KeyCorp raised their target price on shares of Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Citigroup raised their target price on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Robert W. Baird raised their target price on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. Berenberg Bank set a $440.00 target price on shares of Cadence Design Systems in a research report on Wednesday, May 27th. Finally, Morgan Stanley decreased their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Fourteen research 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 price target of $386.59.

Cadence Design Systems Company 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.