Susquehanna Fundamental Investments LLC Buys 4,785 Shares of Cadence Design Systems, Inc. $CDNS

Susquehanna Fundamental Investments LLC boosted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 236.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,809 shares of the software maker’s stock after buying an additional 4,785 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Cadence Design Systems were worth $2,556,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Cadence Design Systems in the fourth quarter valued at $1,352,922,000. J. Stern & Co. LLP raised its stake in 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 purchasing an additional 2,924,470 shares in the last quarter. Legal & General Group Plc bought a new position in Cadence Design Systems during the second quarter valued at $702,615,000. Jupiter Topco LLC bought a new position in Cadence Design Systems during the second quarter valued at $688,746,000. Finally, Wellington Management Group LLP grew its stake in shares of 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 in the last quarter. 84.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Vincentelli Albert Sangiovanni sold 1,250 shares of the business’s stock in a transaction 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 completion of the sale, the director directly owned 40,794 shares of the company’s stock, valued at approximately $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 can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 280 shares of the company’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $339.00, for a total transaction of $94,920.00. Following the completion of the transaction, the vice president owned 31,720 shares in the company, valued at approximately $10,753,080. The trade was a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,221 shares of company stock worth $2,570,606 over the last ninety days. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CDNS shares. Rosenblatt Securities upped their target price on shares of Cadence Design Systems from $410.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded Cadence Design Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Berenberg Bank set a $440.00 price objective on Cadence Design Systems in a research note on Wednesday, May 27th. Benchmark restated a “buy” rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Finally, Piper Sandler lifted their target price on Cadence Design Systems from $325.00 to $349.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $405.69.

Cadence Design Systems Stock Performance

Shares of NASDAQ:CDNS opened at $338.78 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $416.69. The company has a market capitalization of $93.30 billion, a price-to-earnings ratio of 67.35, a PEG ratio of 3.65 and a beta of 1.15. The firm’s 50-day moving average is $347.16 and its 200 day moving average is $333.84.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the business earned $1.65 earnings per share. The company’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. Research analysts predict that Cadence Design Systems, Inc. will post 6.4 EPS for the current year.

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.