Cadence Design Systems, Inc. $CDNS Shares Sold by Johnson Financial Group Inc.

Johnson Financial Group Inc. cut its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 27.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,215 shares of the software maker’s stock after selling 1,938 shares during the quarter. Johnson Financial Group Inc.’s holdings in Cadence Design Systems were worth $1,449,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Meeder Advisory Services Inc. lifted its stake in shares of Cadence Design Systems by 5.5% during the first quarter. Meeder Advisory Services Inc. now owns 8,757 shares of the software maker’s stock valued at $2,433,000 after buying an additional 453 shares during the period. SEB Asset Management AB purchased a new stake in Cadence Design Systems in the 1st quarter worth approximately $89,892,000. Swiss National Bank grew its stake in Cadence Design Systems by 7.0% in the 1st quarter. Swiss National Bank now owns 798,860 shares of the software maker’s stock worth $221,979,000 after acquiring an additional 52,200 shares during the period. World Equity Group Inc. acquired a new position in Cadence Design Systems in the 1st quarter valued at $284,000. Finally, AIA Group Ltd raised its holdings in Cadence Design Systems by 181.5% in the 1st quarter. AIA Group Ltd now owns 60,416 shares of the software maker’s stock valued at $16,788,000 after acquiring an additional 38,957 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Wall Street Analysts Forecast Growth

CDNS has been the topic of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a report on Tuesday, April 28th. Benchmark assumed coverage on Cadence Design Systems in a research note on Wednesday, July 15th. They issued a “buy” rating and a $450.00 target price for the company. Robert W. Baird increased their target price on Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. KeyCorp raised their price target on Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 28th. Finally, Berenberg Bank set a $440.00 price target on Cadence Design Systems in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cadence Design Systems presently has a consensus rating of “Moderate Buy” and an average target price of $393.65.

Cadence Design Systems Stock Up 4.5%

Shares of CDNS opened at $344.64 on Wednesday. The firm has a market cap of $95.06 billion, a PE ratio of 80.34, a price-to-earnings-growth ratio of 3.91 and a beta of 1.15. The company’s fifty day moving average is $375.14 and its two-hundred day moving average is $328.98. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The business’s revenue for the quarter was up 18.6% on a year-over-year basis. During the same period 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. Analysts forecast that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Insider Activity

In other news, CEO Anirudh Devgan sold 25,005 shares of Cadence Design Systems stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $415.00, for a total value of $10,377,075.00. Following the transaction, the chief executive officer directly owned 253,519 shares of the company’s stock, valued at $105,210,385. The trade was a 8.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $387.45, for a total value of $69,741.00. Following the sale, the director owned 8,004 shares of the company’s stock, valued at $3,101,149.80. The trade was 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 157,057 shares of company stock valued at $60,272,277 in the last 90 days. 0.49% of the stock is owned by corporate insiders.

Trending Headlines about Cadence Design Systems

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

• Positive Sentiment: Needham turned bullish on Cadence and Synopsys, saying agentic AI should support EDA license growth as chip design demand increases. Cadence, Synopsys see bullish views at Needham on agentic AI boosting EDA license growth
• Positive Sentiment: Several recent analysis pieces say fears that Kimi K3 threatens Cadence’s competitive moat are overblown, suggesting the selloff may have been excessive and the stock could recover if fundamentals remain intact. Market Thinks Cadence’s (CDNS) Moat Is at Risk Due To Kimi K3. We Think it’s Not, Here’s Why
• Neutral Sentiment: Cadence was also the subject of valuation and “buy-the-dip” commentary, indicating investors are debating whether the recent pullback is an opportunity or a warning sign rather than reacting to new operating news. Does This Dip In Cadence Design Systems Stock Signal An Opening?
• Neutral Sentiment: Analysts and media are focused on Cadence’s upcoming earnings and forward guidance, which keeps attention on whether the company can sustain growth after a strong quarter. Cadence Design Systems (CDNS) Expected to Post Quarterly Earnings on Monday
• Negative Sentiment: One note pointed to weaker FY2027 earnings expectations from Erste Group Bank, which could weigh on sentiment by implying slower longer-term growth. Erste Group Bank Has Weak Forecast for CDNS FY2027 Earnings

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.