PensionDanmark Pensionsforsikringsaktieselskab Increases Holdings in Cadence Design Systems, Inc. $CDNS

PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,805 shares of the software maker’s stock after acquiring an additional 5,385 shares during the quarter. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Cadence Design Systems were worth $22,071,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CDNS. Whipplewood Advisors LLC lifted its position in shares of Cadence Design Systems by 933.3% during the 1st quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock worth $26,000 after buying an additional 84 shares during the last quarter. Brown Lisle Cummings Inc. grew its position in shares of Cadence Design Systems by 860.0% in the 1st quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Cadence Design Systems in the 4th quarter valued at $28,000. Swiss RE Ltd. acquired a new stake in Cadence Design Systems during the 4th quarter worth $29,000. Finally, Imprint Wealth LLC purchased a new stake in Cadence Design Systems in the third quarter valued at $31,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Insider Buying and Selling at Cadence Design Systems

In related news, VP Paul Cunningham sold 2,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $391.00, for a total transaction of $782,000.00. Following the completion of the sale, the vice president directly owned 126,586 shares of the company’s stock, valued at $49,495,126. This trade represents a 1.56% decrease in their ownership of the stock. 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 Scannell sold 7,081 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the completion of the transaction, the vice president directly owned 32,181 shares in the company, valued at $12,676,417.71. This represents a 18.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 140,557 shares of company stock valued at $54,631,737. Corporate insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

CDNS has been the topic of a number of research analyst reports. Piper Sandler lifted their target price on Cadence Design Systems from $325.00 to $349.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. Citigroup raised their price target on Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Rosenblatt Securities lifted their price target on Cadence Design Systems from $410.00 to $420.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price objective on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Finally, Berenberg Bank set a $440.00 price objective on Cadence Design Systems in a report on Wednesday, May 27th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $405.69.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS opened at $338.42 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 market capitalization of $93.20 billion, a price-to-earnings ratio of 67.28, a PEG ratio of 3.62 and a beta of 1.15. The company has a 50-day simple moving average of $369.35 and a 200-day simple moving average of $330.60. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the previous year, the firm posted $1.65 EPS. The firm’s revenue for the quarter was up 24.2% on a year-over-year basis. 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. On average, analysts predict that Cadence Design Systems, Inc. will post 6.4 EPS for the current 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.