Groupama Asset Managment Buys 5,655 Shares of Cadence Design Systems, Inc. $CDNS

Groupama Asset Managment increased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 9.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,605 shares of the software maker’s stock after acquiring an additional 5,655 shares during the period. Groupama Asset Managment’s holdings in Cadence Design Systems were worth $20,194,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CDNS. Sun Financial Inc bought a new stake in Cadence Design Systems in the fourth quarter worth $1,225,000. MUFG Securities EMEA plc increased its holdings in shares of Cadence Design Systems by 113.9% during the fourth quarter. MUFG Securities EMEA plc now owns 11,159 shares of the software maker’s stock valued at $3,488,000 after acquiring an additional 5,943 shares in the last quarter. DDD Partners LLC raised its position in shares of Cadence Design Systems by 27.4% in the 4th quarter. DDD Partners LLC now owns 41,968 shares of the software maker’s stock worth $13,118,000 after purchasing an additional 9,024 shares during the last quarter. Leonteq Securities AG purchased a new position in shares of Cadence Design Systems in the 4th quarter worth about $1,105,000. Finally, Allianz SE bought a new position in Cadence Design Systems in the 3rd quarter worth about $1,265,000. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Price Performance

NASDAQ CDNS opened at $387.39 on Friday. Cadence Design Systems, Inc. has a one year low of $262.75 and a one year high of $416.69. The stock has a 50-day moving average of $353.18 and a 200 day moving average of $321.17. The company has a market capitalization of $106.85 billion, a price-to-earnings ratio of 90.30, a PEG ratio of 4.61 and a beta of 1.15. 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 (NASDAQ:CDNS) last posted its earnings results 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. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the prior 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. On average, sell-side analysts forecast that Cadence Design Systems, Inc. will post 6.23 EPS for the current year.

Insider Activity

In related news, CFO John M. Wall sold 21,500 shares of the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $309.45, for a total transaction of $6,653,175.00. Following the transaction, the chief financial officer owned 86,875 shares in the company, valued at $26,883,468.75. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 10,500 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $339.00, for a total transaction of $3,559,500.00. Following the completion of the sale, the vice president owned 33,946 shares in the company, valued at $11,507,694. This represents a 23.62% 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 179,557 shares of company stock valued at $67,205,642 over the last three months. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a research report on Tuesday, April 28th. KeyCorp lifted their target price on shares of Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 target price on shares of Cadence Design Systems in a research note on Friday, April 24th. Berenberg Bank set a $440.00 price target on shares of Cadence Design Systems in a report on Wednesday, May 27th. Finally, Citigroup raised their price target on shares of Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus 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.