8,998 Cadence Design Systems, Inc. $CDNS Shares Purchased by American National Bank & Trust

American National Bank & Trust increased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 7,625.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,116 shares of the software maker’s stock after acquiring an additional 8,998 shares during the quarter. American National Bank & Trust’s holdings in Cadence Design Systems were worth $3,010,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CDNS. State Street Corp lifted its holdings in shares of Cadence Design Systems by 1.1% in the 4th quarter. State Street Corp now owns 12,603,368 shares of the software maker’s stock worth $3,939,561,000 after buying an additional 135,206 shares during the period. Van ECK Associates Corp lifted its stake in Cadence Design Systems by 21.8% in the second quarter. Van ECK Associates Corp now owns 4,889,765 shares of the software maker’s stock worth $1,835,227,000 after acquiring an additional 874,392 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Cadence Design Systems by 1.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,385,655 shares of the software maker’s stock valued at $1,270,704,000 after purchasing an additional 48,937 shares in the last quarter. J. Stern & Co. LLP lifted its position in shares of Cadence Design Systems by 10,159.3% in the 4th quarter. J. Stern & Co. LLP now owns 2,953,256 shares of the software maker’s stock worth $923,129,000 after purchasing an additional 2,924,470 shares during the period. Finally, Amundi raised its stake in Cadence Design Systems by 3.8% in the first quarter. Amundi now owns 2,060,334 shares of the software maker’s stock worth $572,488,000 after buying an additional 75,492 shares in the last quarter. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Stock Performance

Shares of CDNS stock traded down $1.39 during trading hours on Wednesday, hitting $358.16. The stock had a trading volume of 561,838 shares, compared to its average volume of 2,454,833. 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 firm has a market capitalization of $98.63 billion, a PE ratio of 71.10, a PEG ratio of 3.79 and a beta of 1.13. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $416.69. The stock’s 50 day moving average is $318.53 and its 200 day moving average is $336.07.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.06. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The business’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 earnings per share. 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, research analysts forecast that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

Insider Transactions at Cadence Design Systems

In other news, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $277.12, for a total transaction of $554,240.00. Following the completion of the sale, the vice president directly owned 121,793 shares in the company, valued at $33,751,276.16. The trade was a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 on Wednesday, August 26th. The shares were sold at an average price of $339.00, for a total value of $94,920.00. Following the completion of the transaction, the vice president owned 31,720 shares of the company’s stock, valued at $10,753,080. The trade was a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 6,960 shares of company stock valued at $2,185,879. Company insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CDNS shares. Weiss Ratings cut Cadence Design Systems from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, September 25th. FBN Securities began coverage on Cadence Design Systems in a research report on Friday, September 11th. They issued an “outperform” rating and a $375.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price target on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Rosenblatt Securities lifted their target price on shares of Cadence Design Systems from $410.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $420.00 price objective on shares of Cadence Design Systems in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $405.06.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.