Handelsbanken Fonder AB Buys 19,426 Shares of Cadence Design Systems, Inc. $CDNS

Handelsbanken Fonder AB grew its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 19.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,074 shares of the software maker’s stock after acquiring an additional 19,426 shares during the quarter. Handelsbanken Fonder AB’s holdings in Cadence Design Systems were worth $41,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd purchased a new position in Cadence Design Systems during the third quarter worth about $26,000. Robbins Farley purchased a new stake in Cadence Design Systems in the 3rd quarter valued at about $35,000. Cloud Capital Management LLC bought a new position in shares of Cadence Design Systems during the 3rd quarter worth approximately $35,000. Strategic Wealth Investment Group LLC purchased a new position in shares of Cadence Design Systems in the 2nd quarter worth approximately $32,000. Finally, Promus Capital LLC bought a new position in shares of Cadence Design Systems in the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Insiders Place Their Bets

In other news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $337.48, for a total value of $60,746.40. Following the completion of the transaction, the director directly owned 7,650 shares of the company’s stock, valued at $2,581,722. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John M. Wall sold 27,805 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $318.57, for a total value of $8,857,838.85. Following the sale, the chief financial officer owned 69,957 shares in the company, valued at approximately $22,286,201.49. The trade was a 28.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 56,475 shares of company stock worth $18,505,486 in the last three months. Insiders own 1.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CDNS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Piper Sandler lowered their target price on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Oppenheimer raised shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price target on the stock in a report on Monday, December 1st. Stifel Nicolaus set a $395.00 price objective on shares of Cadence Design Systems in a report on Wednesday, February 18th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $376.50.

Cadence Design Systems Trading Up 1.3%

Shares of CDNS opened at $301.40 on Friday. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45. The business has a 50-day moving average of $305.71 and a 200 day moving average of $325.91. The firm has a market cap of $82.18 billion, a P/E ratio of 74.24, a price-to-earnings-growth ratio of 3.56 and a beta of 1.01. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86.

Cadence Design Systems (NASDAQ:CDNS) last issued 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. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business earned $1.88 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. 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. As a group, research analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Cadence Design Systems 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.