Danske Bank A S Buys 51,807 Shares of Cadence Design Systems, Inc. $CDNS

Danske Bank A S increased its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 28.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 236,124 shares of the software maker’s stock after purchasing an additional 51,807 shares during the period. Danske Bank A S’s holdings in Cadence Design Systems were worth $73,808,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CDNS. Y.D. More Investments Ltd acquired a new position in shares of Cadence Design Systems during the 3rd quarter worth about $26,000. Caitlin John LLC acquired a new position in shares of Cadence Design Systems during the 3rd quarter worth about $29,000. Lodestone Wealth Management LLC acquired a new position in shares of Cadence Design Systems during the 4th quarter worth about $30,000. Imprint Wealth LLC acquired a new position in shares of Cadence Design Systems during the 3rd quarter worth about $31,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in shares of Cadence Design Systems during the 2nd quarter worth about $32,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Buying and Selling at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total value of $297,780.00. Following the completion of the transaction, the vice president directly owned 94,137 shares of the company’s stock, valued at approximately $28,032,115.86. This represents a 1.05% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total value of $53,105.40. Following the completion of the transaction, the director directly owned 7,470 shares of the company’s stock, valued at approximately $2,203,874.10. The trade was a 2.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,680 shares of company stock valued at $7,579,340 in the last quarter. Corporate insiders own 0.49% of the company’s stock.

Cadence Design Systems Trading Down 0.1%

Cadence Design Systems stock opened at $329.59 on Friday. The business has a 50 day moving average price of $296.48 and a two-hundred day moving average price of $309.33. The company has a quick ratio of 2.67, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. The stock has a market cap of $91.00 billion, a price-to-earnings ratio of 76.83, a price-to-earnings-growth ratio of 4.10 and a beta of 1.04. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, beating the consensus estimate of $1.91 by $0.05. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The company’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 EPS. 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. As a group, equities analysts forecast that Cadence Design Systems, Inc. will post 6.14 EPS for the current year.

Key Headlines Impacting Cadence Design Systems

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

• Positive Sentiment: Cadence reported a Q1 beat and guided above Street views, lifting near-term fundamentals. Management’s results showed revenue and EPS ahead of consensus and commentary pushed analysts to update models. Cadence Design Systems Tops Q1 Targets, Guides Above Views
• Positive Sentiment: Erste Group raised its FY2027 EPS view for Cadence to $7.54 (above consensus), signaling some analysts expect stronger multi-year earnings power after the quarter. That recalibration can support higher valuation multiples if sustained. Erste Group EPS Estimates for Cadence
• Neutral Sentiment: Media pieces highlighting broad Wall Street analyst optimism (average brokerage recommendation favorable) may help sentiment but are not new fundamental information; they can amplify short-term flows. Wall Street Bulls Look Optimistic About Cadence (CDNS)
• Neutral Sentiment: Industry context: a published note on an expected $1 trillion in AI capex names a handful of firms that should benefit from the AI buildout — a potential long-term tailwind for EDA and IP vendors like Cadence, but timing and realization remain uncertain. $1 Trillion in AI Capex Is Coming
• Neutral Sentiment: Broader semiconductor/quantum-sector executive moves (e.g., Lip-Bu Tan joining PsiQuantum’s board) are notable for the ecosystem but have no direct impact on Cadence results; they underscore continued investor interest in chip-related innovation. PsiQuantum Appoints Lip-Bu Tan to Board of Directors

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Rosenblatt Securities reissued a “buy” rating and set a $360.00 price objective on shares of Cadence Design Systems in a research report on Friday, April 24th. 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 report on Tuesday. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a research report on Wednesday, February 18th. Robert W. Baird upped their price target on Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Morgan Stanley cut their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $380.59.

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.