Global Retirement Partners LLC Purchases 8,142 Shares of Cadence Design Systems, Inc. $CDNS

Global Retirement Partners LLC lifted its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 336.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,563 shares of the software maker’s stock after acquiring an additional 8,142 shares during the quarter. Global Retirement Partners LLC’s holdings in Cadence Design Systems were worth $3,302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Algebris UK Ltd. raised its position in shares of Cadence Design Systems by 60.1% during the fourth quarter. Algebris UK Ltd. now owns 1,756 shares of the software maker’s stock worth $549,000 after acquiring an additional 659 shares during the last quarter. MJP Associates Inc. ADV raised its position in shares of Cadence Design Systems by 2.1% during the fourth quarter. MJP Associates Inc. ADV now owns 2,139 shares of the software maker’s stock worth $669,000 after acquiring an additional 43 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Cadence Design Systems during the fourth quarter worth $1,105,000. ABN Amro Investment Solutions raised its position in shares of Cadence Design Systems by 6.2% during the fourth quarter. ABN Amro Investment Solutions now owns 29,807 shares of the software maker’s stock worth $9,317,000 after acquiring an additional 1,747 shares during the last quarter. Finally, Rathbones Group PLC raised its position in shares of Cadence Design Systems by 10.1% during the fourth quarter. Rathbones Group PLC now owns 616,533 shares of the software maker’s stock worth $192,716,000 after acquiring an additional 56,584 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Stock Up 4.2%

NASDAQ:CDNS opened at $373.59 on Friday. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $381.55. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock has a market cap of $103.04 billion, a price-to-earnings ratio of 87.08, a PEG ratio of 4.24 and a beta of 1.13. The stock has a 50-day moving average price of $312.73 and a two-hundred day moving average price of $311.18.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.05. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the previous year, the firm earned $1.57 earnings per share. The company’s revenue was up 18.6% on a year-over-year basis. 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 expect that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CDNS shares. Morgan Stanley dropped their target price on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research report on Wednesday, February 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 price objective on shares of Cadence Design Systems in a report on Friday, April 24th. Citigroup upped their price objective on Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price objective on shares of Cadence Design Systems in a report on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $380.59.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Scannell sold 10,500 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $339.00, for a total value of $3,559,500.00. Following the completion of the transaction, the vice president directly owned 33,946 shares of the company’s stock, valued at approximately $11,507,694. The trade was a 23.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 21,500 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $309.45, for a total value of $6,653,175.00. Following the completion of the transaction, the chief financial officer directly 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. Insiders sold a total of 41,251 shares of company stock valued at $13,294,350 in the last three months. Insiders own 0.49% of the company’s stock.

Cadence Design Systems 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.