334,586 Shares in Cadence Design Systems, Inc. $CDNS Purchased by Nykredit A S

Nykredit A S purchased a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 334,586 shares of the software maker’s stock, valued at approximately $125,577,000.

Several other large investors have also recently added to or reduced their stakes in the stock. B. Metzler seel. Sohn & Co. AG grew its holdings in Cadence Design Systems by 20.9% in the 2nd quarter. B. Metzler seel. Sohn & Co. AG now owns 24,037 shares of the software maker’s stock valued at $9,022,000 after buying an additional 4,163 shares during the last quarter. Atticus Wealth Management LLC bought a new stake in shares of Cadence Design Systems in the second quarter valued at approximately $233,000. Natural Investments LLC acquired a new stake in shares of Cadence Design Systems in the second quarter worth $447,000. Bornite Capital Management LP bought a new position in Cadence Design Systems during the second quarter worth $37,532,000. Finally, Midwest Professional Planners LTD. grew its position in Cadence Design Systems by 21.6% in the 2nd quarter. Midwest Professional Planners LTD. now owns 4,300 shares of the software maker’s stock worth $1,614,000 after purchasing an additional 763 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CDNS shares. Morgan Stanley restated an “overweight” rating and set a $400.00 price target on shares of Cadence Design Systems in a research note on Wednesday, July 29th. Berenberg Bank set a $440.00 target price on Cadence Design Systems in a research note on Wednesday, May 27th. Weiss Ratings upgraded shares of Cadence Design Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 30th. Benchmark restated a “buy” rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Finally, Citigroup lifted their target price on shares of Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Thirteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and an average target price of $405.69.

Insider Buying and Selling at Cadence Design Systems

In related news, Director James D. Plummer sold 1,511 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $381.34, for a total value of $576,204.74. Following the completion of the sale, the director owned 23,264 shares in the company, valued at approximately $8,871,493.76. This represents a 6.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vincentelli Albert Sangiovanni sold 1,250 shares of the business’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $320.88, for a total value of $401,100.00. Following the transaction, the director owned 40,794 shares of the company’s stock, valued at $13,089,978.72. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,221 shares of company stock valued at $2,570,606 over the last 90 days. Company insiders own 0.49% of the company’s stock.

Cadence Design Systems Stock Down 2.0%

NASDAQ CDNS opened at $306.67 on Thursday. The stock has a market capitalization of $84.45 billion, a P/E ratio of 60.97, a price-to-earnings-growth ratio of 3.36 and a beta of 1.14. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. The stock has a fifty day moving average of $344.53 and a 200-day moving average of $334.07.

Cadence Design Systems (NASDAQ:CDNS) last posted 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. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The firm’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.65 earnings per share. 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, equities research analysts forecast 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.