Janus Henderson Group PLC Sells 362,888 Shares of Cadence Design Systems, Inc. $CDNS

Janus Henderson Group PLC lessened its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 13.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,298,483 shares of the software maker’s stock after selling 362,888 shares during the period. Janus Henderson Group PLC’s holdings in Cadence Design Systems were worth $638,676,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Whipplewood Advisors LLC increased its position in shares of Cadence Design Systems by 933.3% during the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock valued at $26,000 after acquiring an additional 84 shares during the last quarter. Brown Lisle Cummings Inc. boosted its position in Cadence Design Systems by 860.0% in the first quarter. Brown Lisle Cummings Inc. now owns 96 shares of the software maker’s stock worth $27,000 after purchasing an additional 86 shares during the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in Cadence Design Systems in the fourth quarter worth $28,000. Swiss RE Ltd. bought a new position in Cadence Design Systems in the 4th quarter valued at $29,000. Finally, Lodestone Wealth Management LLC bought a new position in Cadence Design Systems in the 4th quarter valued at $30,000. 84.85% of the stock is owned by institutional investors.

Key Headlines Impacting Cadence Design Systems

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Cadence reported second-quarter adjusted earnings of $2.11 per share, above the $2.05 consensus estimate, while revenue reached approximately $1.58 billion, up 24.2% year over year and broadly in line with expectations. Cadence Q2 Earnings Top Estimates, 2026 Revenue Outlook Raised
• Positive Sentiment: Management raised its 2026 outlook, including full-year adjusted EPS guidance of $8.05 to $8.15, and indicated roughly 19% revenue growth. A record $8.1 billion backlog provides visibility into future results. Cadence signals 19 percent 2026 revenue growth
• Positive Sentiment: Demand for Cadence’s electronic-design automation tools is broadening as customers develop AI and “agentic AI” systems, increasing usage of core design software and supporting growth across the company’s portfolio. Cadence rises after Q2 beat
• Positive Sentiment: Several analysts raised their price targets to $420, including Bank of America, Rosenblatt Securities and Robert W. Baird, while maintaining positive ratings. Needham reaffirmed its buy rating. Analyst price-target changes
• Neutral Sentiment: Piper Sandler raised its target to $349 but retained a neutral rating, suggesting more limited near-term upside than other analysts. Piper Sandler rating update
• Negative Sentiment: Despite the strong fundamentals, CDNS trades at a high valuation—about 66 times earnings and a PEG ratio near 4—leaving the stock vulnerable to profit-taking or a “sell-the-news” reaction after its results and rally. Its shares are also below the 50-day moving average, indicating continued near-term technical pressure.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CDNS. Citigroup raised their target price on Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday. Benchmark restated a “buy” rating on shares of Cadence Design Systems in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Cadence Design Systems in a report on Thursday, July 2nd. Finally, Stifel Nicolaus lifted their price objective 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. Thirteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $405.69.

Insider Buying and Selling

In other Cadence Design Systems news, VP Paul Scannell sold 7,081 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the sale, the vice president directly owned 32,181 shares of the company’s stock, valued at $12,676,417.71. This represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $387.45, for a total transaction of $69,741.00. Following the transaction, the director owned 8,004 shares of the company’s stock, valued at $3,101,149.80. This represents a 2.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 157,057 shares of company stock worth $60,272,277 in the last quarter. 0.49% of the stock is currently owned by company insiders.

Cadence Design Systems Price Performance

Shares of NASDAQ CDNS opened at $333.30 on Thursday. The company has a current ratio of 1.74, a quick ratio of 1.32 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $373.55 and a two-hundred day simple moving average of $329.91. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $416.69. The firm has a market cap of $91.93 billion, a price-to-earnings ratio of 66.26, a price-to-earnings-growth ratio of 4.07 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS) last issued 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 firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the company posted $1.65 earnings per share. The business’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. Analysts anticipate that Cadence Design Systems, Inc. will post 6.25 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.