9,361 Shares in Cadence Design Systems, Inc. $CDNS Purchased by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac purchased a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the fourth quarter, Holdings Channel reports. The firm purchased 9,361 shares of the software maker’s stock, valued at approximately $2,862,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Principia Wealth Advisory LLC boosted its position in Cadence Design Systems by 167.5% during the fourth quarter. Principia Wealth Advisory LLC now owns 313 shares of the software maker’s stock worth $98,000 after acquiring an additional 196 shares during the last quarter. National Pension Service boosted its position in Cadence Design Systems by 1.1% during the fourth quarter. National Pension Service now owns 751,923 shares of the software maker’s stock worth $235,036,000 after acquiring an additional 8,051 shares during the last quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. acquired a new position in Cadence Design Systems during the fourth quarter worth about $182,000. SBI Okasan Asset Management Co.Ltd. acquired a new position in Cadence Design Systems during the fourth quarter worth about $1,859,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Cadence Design Systems by 1.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 14,458 shares of the software maker’s stock valued at $4,519,000 after acquiring an additional 180 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CDNS has been the topic of several recent research reports. Morgan Stanley lowered their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. KeyCorp boosted their price target on shares of Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Robert W. Baird boosted their price target on shares of Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a research report on Tuesday, April 28th. Wells Fargo & Company boosted their price target on shares of Cadence Design Systems from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $384.41.

Insiders Place Their Bets

In other news, CEO Anirudh Devgan sold 51,887 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $370.00, for a total value of $19,198,190.00. Following the sale, the chief executive officer directly owned 303,525 shares of the company’s stock, valued at approximately $112,304,250. The trade was a 14.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 5,000 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $348.71, for a total transaction of $1,743,550.00. Following the sale, the chief financial officer directly owned 81,875 shares in the company, valued at $28,550,631.25. This represents a 5.76% 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. In the last ninety days, insiders sold 93,138 shares of company stock worth $32,492,540. Insiders own 0.49% of the company’s stock.

Cadence Design Systems Price Performance

Cadence Design Systems stock opened at $373.85 on Friday. The company’s 50 day simple moving average is $319.52 and its 200-day simple moving average is $312.37. The company has a market capitalization of $103.12 billion, a price-to-earnings ratio of 87.14, a price-to-earnings-growth ratio of 4.43 and a beta of 1.13. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $383.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly 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. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The business’s revenue was up 18.6% on a year-over-year basis. During the same period in the previous year, the firm earned $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 research analysts expect that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

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.