Indivisible Partners Purchases Shares of 15,340 Cadence Design Systems, Inc. $CDNS

Indivisible Partners bought a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the fourth quarter, Holdings Channel.com reports. The firm bought 15,340 shares of the software maker’s stock, valued at approximately $4,795,000.

A number of other large investors also recently modified their holdings of the stock. Swedbank AB lifted its position in shares of Cadence Design Systems by 2.6% during the fourth quarter. Swedbank AB now owns 2,010,838 shares of the software maker’s stock worth $628,548,000 after purchasing an additional 51,394 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Cadence Design Systems by 3.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 729,323 shares of the software maker’s stock worth $226,382,000 after purchasing an additional 22,962 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Cadence Design Systems by 1.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,830 shares of the software maker’s stock worth $11,200,000 after buying an additional 401 shares during the last quarter. Foronjy Financial LLC raised its stake in shares of Cadence Design Systems by 7.2% during the fourth quarter. Foronjy Financial LLC now owns 655 shares of the software maker’s stock worth $205,000 after buying an additional 44 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Cadence Design Systems by 63.8% during the fourth quarter. QRG Capital Management Inc. now owns 61,274 shares of the software maker’s stock worth $19,153,000 after buying an additional 23,870 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cadence Design Systems

In other news, CFO John M. Wall sold 21,500 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $309.45, for a total value of $6,653,175.00. Following the completion of the transaction, the chief financial officer owned 86,875 shares in the company, valued at $26,883,468.75. This represents a 19.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total transaction of $53,105.40. Following the transaction, the director owned 7,470 shares of the company’s stock, valued at $2,203,874.10. The trade was a 2.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 35,180 shares of company stock worth $11,181,240 over the last ninety days. 0.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CDNS. Needham & Company LLC reissued a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Rosenblatt Securities reissued a “buy” rating and set a $360.00 price target on shares of Cadence Design Systems in a research note on Friday, April 24th. Morgan Stanley dropped their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Citigroup boosted their price target on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler boosted their price target on shares of Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $380.59.

Cadence Design Systems Stock Up 1.2%

Cadence Design Systems stock opened at $353.63 on Wednesday. The stock has a market capitalization of $97.63 billion, a PE ratio of 82.43, a price-to-earnings-growth ratio of 4.14 and a beta of 1.13. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $376.45. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average of $297.62 and a 200-day moving average of $309.26.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The business’s quarterly revenue was up 18.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.57 earnings per share. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. On average, equities research analysts anticipate that Cadence Design Systems, Inc. will post 6.22 EPS for the current fiscal year.

Cadence Design Systems Company 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.