Cadence Design Systems, Inc. $CDNS Shares Purchased by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd increased its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 5.9% during the fourth quarter, Holdings Channel reports. The fund owned 102,997 shares of the software maker’s stock after acquiring an additional 5,703 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Cadence Design Systems were worth $32,195,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CDNS. Y.D. More Investments Ltd acquired a new stake in Cadence Design Systems during the third quarter worth approximately $26,000. Caitlin John LLC acquired a new stake in Cadence Design Systems during the third quarter worth approximately $29,000. Lodestone Wealth Management LLC acquired a new stake in Cadence Design Systems during the fourth quarter worth approximately $30,000. Imprint Wealth LLC acquired a new stake in Cadence Design Systems during the third quarter worth approximately $31,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in Cadence Design Systems during the second quarter worth approximately $32,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Activity at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the transaction, the director owned 7,470 shares of the company’s stock, valued at approximately $2,203,874.10. This trade represents a 2.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paul Scannell sold 10,500 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $339.00, for a total transaction of $3,559,500.00. Following the completion of the transaction, the vice president directly owned 33,946 shares in the company, valued at approximately $11,507,694. This represents a 23.62% 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 40,180 shares of company stock worth $12,924,790. Company insiders own 0.49% of the company’s stock.

Cadence Design Systems Stock Performance

NASDAQ:CDNS opened at $362.70 on Monday. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. The company has a market cap of $100.04 billion, a P/E ratio of 84.55, a P/E/G ratio of 4.29 and a beta of 1.13. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $376.45. The firm’s 50 day moving average is $300.45 and its two-hundred day moving average is $309.70.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. The company 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%. Cadence Design Systems’s revenue was up 18.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 earnings per share. 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 expect that Cadence Design Systems, Inc. will post 6.23 EPS for the current year.

Wall Street Analyst Weigh In

CDNS has been the topic of a number of analyst reports. Wells Fargo & Company raised their target price on shares of Cadence Design Systems from $375.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Morgan Stanley decreased their target price 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. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Robert W. Baird increased their price target on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Finally, Stifel Nicolaus set a $395.00 price target on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Cadence Design Systems currently has an average rating of “Moderate Buy” and a consensus price target of $380.59.

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.