IFM Investors Pty Ltd Increases Position in Cadence Design Systems, Inc. $CDNS

IFM Investors Pty Ltd increased its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 3.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,761 shares of the software maker’s stock after purchasing an additional 1,873 shares during the quarter. IFM Investors Pty Ltd’s holdings in Cadence Design Systems were worth $16,328,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Brown Lisle Cummings Inc. increased its position in shares of Cadence Design Systems by 860.0% in the first quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker’s stock valued at $27,000 after buying an additional 86 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Cadence Design Systems during the 4th quarter valued at approximately $28,000. Swiss RE Ltd. acquired a new stake in Cadence Design Systems in the 4th quarter valued at $29,000. Lodestone Wealth Management LLC purchased a new stake in Cadence Design Systems in the 4th quarter worth $30,000. Finally, Imprint Wealth LLC purchased a new stake in Cadence Design Systems in the 3rd quarter worth $31,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, VP Paul Scannell sold 10,500 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $339.00, for a total value of $3,559,500.00. Following the completion of the sale, the vice president owned 33,946 shares of the company’s stock, valued at approximately $11,507,694. This represents a 23.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 21,500 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $309.45, for a total transaction of $6,653,175.00. Following the sale, the chief financial officer owned 86,875 shares of the company’s stock, valued at approximately $26,883,468.75. The trade was a 19.84% 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. In the last 90 days, insiders have sold 178,557 shares of company stock worth $66,925,452. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Citigroup increased their price objective on shares of Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company boosted their target price on shares of Cadence Design Systems from $400.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Stifel Nicolaus upped their price target 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. Robert W. Baird lifted their price objective on Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a report on Tuesday, April 28th. Finally, Piper Sandler boosted their price objective on 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 equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Cadence Design Systems presently has an average rating of “Moderate Buy” and an average target price of $386.59.

Cadence Design Systems Price Performance

CDNS stock opened at $377.73 on Thursday. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32. The firm has a market capitalization of $104.19 billion, a PE ratio of 88.05, a price-to-earnings-growth ratio of 4.44 and a beta of 1.15. The business has a 50 day simple moving average of $368.02 and a 200-day simple moving average of $324.09.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The firm’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. Equities research analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal 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.