ICICI Prudential Asset Management Co Ltd Sells 10,833 Shares of Cadence Design Systems, Inc. $CDNS

ICICI Prudential Asset Management Co Ltd lowered its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 72.1% in the third quarter, HoldingsChannel.com reports. The firm owned 4,184 shares of the software maker’s stock after selling 10,833 shares during the quarter. ICICI Prudential Asset Management Co Ltd’s holdings in Cadence Design Systems were worth $1,470,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CDNS. Norges Bank acquired a new stake in shares of Cadence Design Systems in the second quarter valued at approximately $1,190,618,000. Massachusetts Financial Services Co. MA increased its stake in Cadence Design Systems by 16.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,314,407 shares of the software maker’s stock worth $1,866,739,000 after acquiring an additional 731,788 shares during the period. Voya Investment Management LLC raised its holdings in Cadence Design Systems by 914.2% in the 3rd quarter. Voya Investment Management LLC now owns 691,071 shares of the software maker’s stock valued at $242,746,000 after acquiring an additional 622,934 shares in the last quarter. Scge Management L.P. acquired a new stake in shares of Cadence Design Systems during the 2nd quarter worth $187,663,000. Finally, Bain Capital Public Equity Management II LLC bought a new position in shares of Cadence Design Systems in the second quarter worth $130,534,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Price Performance

CDNS stock opened at $296.59 on Friday. The stock has a market cap of $80.73 billion, a price-to-earnings ratio of 73.05, a P/E/G ratio of 3.39 and a beta of 1.01. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.84. The company has a 50 day simple moving average of $308.44 and a 200 day simple moving average of $328.50. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. The firm had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The company’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.88 earnings per share. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. Research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Insider Buying and Selling at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $337.48, for a total transaction of $60,746.40. Following the sale, the director directly owned 7,650 shares in the company, valued at approximately $2,581,722. The trade was a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Anirudh Devgan sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $340.00, for a total value of $6,800,000.00. Following the completion of the transaction, the chief executive officer directly owned 195,844 shares of the company’s stock, valued at $66,586,960. This represents a 9.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 56,475 shares of company stock worth $18,505,486 over the last three months. 1.99% of the stock is owned by corporate insiders.

Key Headlines Impacting Cadence Design Systems

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Q4 results beat and bullish guidance — Cadence reported $1.44B revenue and $1.99 adjusted EPS, topped estimates, raised margin/free‑cash flow expectations and gave solid FY/Q1 EPS guidance; management emphasized AI products and a record $7.8B backlog, boosting confidence in near‑term revenue visibility. Cadence Stock Earnings & AI Chip Story
• Positive Sentiment: AI product momentum — launch of ChipStack AI Super Agent and continued traction for Cerebrus (agentic AI for chip design) underpin the narrative that Cadence can capture outsized value from customers optimizing chip PPA, a key structural growth thesis. ChipStack AI Super Agent Coverage
• Positive Sentiment: Broker upgrades and bullish reiterations — Rosenblatt upgraded CDNS to Buy (raised target to $360) and Needham reaffirmed Buy with a $390 target; Bank of America also remains bullish with a $400 target, lending credibility to the upside case. Rosenblatt Upgrade Needham Reaffirmation
• Neutral Sentiment: Morgan Stanley trimmed its price target (from $385 to $370) but kept an Overweight rating — a modest pullback in target that still signals confidence in upside, so it’s more nuance than a bearish signal. Morgan Stanley Adjustment
• Neutral Sentiment: Piper Sandler cut its target (to $319) and set Neutral — another recalibration after earnings that reduces some near‑term upside from certain desks but doesn’t overturn the AI/backlog story. Piper Sandler Target Cut
• Negative Sentiment: Unusual bearish options activity — traders bought a large volume of put options around the print (and reported spikes in put open interest), which could increase downside pressure or volatility if sellers hedge/loan stock. Put Options Activity
• Neutral Sentiment: Short interest data reported odd/zero figures for mid‑February (likely a reporting artifact) — not a reliable signal this cycle but worth watching if actual short positions rise. (No definitive link available.)

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Piper Sandler cut their price objective on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a research report on Wednesday. Oppenheimer upgraded shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 target price for the company in a research report on Monday, December 1st. Wells Fargo & Company reduced their price target on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a research report on Wednesday. KeyCorp restated an “overweight” rating and set a $405.00 price objective on shares of Cadence Design Systems in a research report on Tuesday, October 28th. Finally, Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research note on Wednesday. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $376.50.

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.