Insider Selling: Cadence Design Systems (NASDAQ:CDNS) VP Sells $648,260.00 in Stock

Cadence Design Systems, Inc. (NASDAQ:CDNS) VP Paul Cunningham sold 2,000 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $324.13, for a total transaction of $648,260.00. Following the completion of the transaction, the vice president directly owned 119,612 shares of the company’s stock, valued at approximately $38,769,837.56. This trade represents a 1.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paul Cunningham also recently made the following trade(s):

• On Tuesday, September 15th, Paul Cunningham sold 2,000 shares of Cadence Design Systems stock. The stock was sold at an average price of $277.12, for a total value of $554,240.00.
• On Monday, August 17th, Paul Cunningham sold 2,000 shares of Cadence Design Systems stock. The stock was sold at an average price of $323.32, for a total value of $646,640.00.

Cadence Design Systems Price Performance

Shares of CDNS traded down $4.87 on Friday, reaching $319.51. The stock had a trading volume of 2,501,447 shares, compared to its average volume of 2,447,830. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $416.69. The firm has a market capitalization of $87.99 billion, a PE ratio of 63.52, a PEG ratio of 3.52 and a beta of 1.13. The firm has a 50-day moving average of $319.25 and a 200 day moving average of $338.97. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.06. The firm had revenue of $1.58 billion during 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%. Cadence Design Systems’s revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm posted $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. Sell-side analysts expect that Cadence Design Systems, Inc. will post 6.41 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on CDNS shares. Weiss Ratings lowered shares of Cadence Design Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 25th. BNP Paribas Exane raised their target price on shares of Cadence Design Systems from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $420.00 target price (up from $400.00) on shares of Cadence Design Systems in a research report on Wednesday, October 7th. Benchmark reiterated a “buy” rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Finally, Morgan Stanley reissued an “overweight” rating and set a $400.00 price objective (up from $370.00) on shares of Cadence Design Systems in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Cadence Design Systems currently has an average rating of “Moderate Buy” and an average price target of $404.14.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CDNS. Van ECK Associates Corp boosted its stake in shares of Cadence Design Systems by 21.8% during the 2nd quarter. Van ECK Associates Corp now owns 4,889,765 shares of the software maker’s stock worth $1,835,227,000 after purchasing an additional 874,392 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Cadence Design Systems by 1.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,385,655 shares of the software maker’s stock worth $1,270,704,000 after buying an additional 48,937 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of Cadence Design Systems by 1,097.5% in the third quarter. Assenagon Asset Management S.A. now owns 2,818,141 shares of the software maker’s stock valued at $930,522,000 after buying an additional 2,582,812 shares during the last quarter. Amundi raised its position in shares of Cadence Design Systems by 3.8% in the first quarter. Amundi now owns 2,060,334 shares of the software maker’s stock valued at $572,488,000 after buying an additional 75,492 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Cadence Design Systems in the second quarter valued at approximately $702,615,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

About Cadence Design Systems

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.