Corient Private Wealth LP Takes Position in Cadence Design Systems, Inc. $CDNS

Corient Private Wealth LP acquired a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 82,573 shares of the software maker’s stock, valued at approximately $30,991,000.

Other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Cadence Design Systems in the fourth quarter worth $1,352,922,000. J. Stern & Co. LLP boosted its position in shares of Cadence Design Systems by 10,159.3% during the fourth quarter. J. Stern & Co. LLP now owns 2,953,256 shares of the software maker’s stock valued at $923,129,000 after buying an additional 2,924,470 shares during the last quarter. Legal & General Group Plc bought a new stake in Cadence Design Systems in the 2nd quarter worth about $702,615,000. Jupiter Topco LLC bought a new stake in Cadence Design Systems in the 2nd quarter worth about $688,746,000. Finally, Wellington Management Group LLP raised its position in Cadence Design Systems by 218.6% in the 4th quarter. Wellington Management Group LLP now owns 2,553,225 shares of the software maker’s stock worth $798,087,000 after buying an additional 1,751,927 shares during the last quarter. 84.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Cadence Design Systems news, Director Vincentelli Albert Sangiovanni sold 1,250 shares of Cadence Design Systems stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $320.88, for a total transaction 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 sale was disclosed in a document filed 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, CEO Anirudh Devgan sold 51,822 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $395.00, for a total transaction of $20,469,690.00. Following the completion of the sale, the chief executive officer directly owned 278,524 shares of the company’s stock, valued at approximately $110,016,980. This trade represents a 15.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 91,129 shares of company stock worth $36,206,647. 0.49% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CDNS has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on shares of Cadence Design Systems from $415.00 to $420.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 28th. Morgan Stanley restated an “overweight” rating and set a $400.00 price objective on shares of Cadence Design Systems in a research report on Wednesday, July 29th. Stifel Nicolaus lifted their target price on shares of Cadence Design Systems from $395.00 to $432.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Citigroup boosted 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 note on Tuesday, July 28th. Finally, Benchmark restated a “buy” rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Thirteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $405.69.

Cadence Design Systems Trading Up 3.8%

Shares of CDNS stock opened at $347.55 on Friday. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. The firm has a fifty day moving average price of $349.11 and a 200-day moving average price of $333.21. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.53. The company has a market cap of $95.71 billion, a price-to-earnings ratio of 69.10, a PEG ratio of 3.59 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The company had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm earned $1.65 EPS. Cadence Design Systems’s revenue for the quarter was up 24.2% compared to the same quarter last year. 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. As a group, equities analysts predict that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current 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.