Schaper Benz & Wise Investment Counsel Inc. WI Purchases 2,537 Shares of Cadence Design Systems, Inc. $CDNS

Schaper Benz & Wise Investment Counsel Inc. WI grew its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 63.0% during the third quarter, Holdings Channel reports. The institutional investor owned 6,561 shares of the software maker’s stock after purchasing an additional 2,537 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Cadence Design Systems were worth $2,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in 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 valued at $3,939,561,000 after acquiring an additional 135,206 shares during the period. Van ECK Associates Corp boosted its position in Cadence Design Systems by 21.8% during 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 purchasing an additional 874,392 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Cadence Design Systems by 1.5% in the second 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 worth $1,270,704,000 after purchasing an additional 48,937 shares in the last quarter. J. Stern & Co. LLP increased its stake in shares of Cadence Design Systems by 10,159.3% in the fourth 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 in the last quarter. Finally, Amundi raised its position in shares of Cadence Design Systems by 3.8% in the first quarter. Amundi now owns 2,060,334 shares of the software maker’s stock valued at $572,488,000 after purchasing an additional 75,492 shares during the period. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Insider Activity

In related news, VP Paul Scannell sold 280 shares of the business’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 directly owned 31,720 shares in the company, valued at $10,753,080. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $277.12, for a total value of $554,240.00. Following the transaction, the vice president owned 121,793 shares of the company’s stock, valued at approximately $33,751,276.16. The trade was a 1.62% 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 three months, insiders sold 6,960 shares of company stock worth $2,185,879. Company insiders own 0.49% of the company’s stock.

Cadence Design Systems Price Performance

CDNS stock opened at $352.84 on Friday. The firm has a 50 day moving average of $319.56 and a 200-day moving average of $337.12. The firm has a market capitalization of $97.17 billion, a P/E ratio of 70.15, a price-to-earnings-growth ratio of 3.73 and a beta of 1.13. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $416.69. 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 (NASDAQ:CDNS) last posted its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the firm posted $1.65 EPS. Cadence Design Systems’s revenue was up 24.2% on a year-over-year basis. 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, sell-side analysts predict that Cadence Design Systems, Inc. will post 6.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Wall Street Zen cut shares of Cadence Design Systems from a “buy” rating to a “hold” rating in a research note on Sunday, October 4th. Morgan Stanley reissued an “overweight” rating and set a $400.00 target price (up from $370.00) on shares of Cadence Design Systems in a report on Wednesday, July 29th. FBN Securities initiated coverage on Cadence Design Systems in a research report on Friday, September 11th. They set an “outperform” rating and a $375.00 target price on the stock. Citigroup raised their price target on Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $420.00 price target (up from $400.00) on shares of Cadence Design Systems in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $404.14.

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.