Cadence Design Systems, Inc. $CDNS Holdings Boosted by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. raised its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,247 shares of the software maker’s stock after purchasing an additional 2,810 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Cadence Design Systems were worth $33,211,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Occidental Asset Management LLC boosted its position in shares of Cadence Design Systems by 2.3% in the third quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker’s stock worth $464,000 after buying an additional 30 shares during the period. Whittier Trust Co. raised its position in Cadence Design Systems by 0.4% during the third quarter. Whittier Trust Co. now owns 7,072 shares of the software maker’s stock valued at $2,456,000 after buying an additional 30 shares during the period. Cornerstone Wealth Group LLC lifted its stake in Cadence Design Systems by 4.3% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 777 shares of the software maker’s stock worth $273,000 after acquiring an additional 32 shares in the last quarter. KRS Capital Management LLC lifted its stake in Cadence Design Systems by 1.4% in the 3rd quarter. KRS Capital Management LLC now owns 2,425 shares of the software maker’s stock worth $852,000 after acquiring an additional 33 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its position in Cadence Design Systems by 1.4% during the 3rd quarter. Kathmere Capital Management LLC now owns 2,336 shares of the software maker’s stock worth $821,000 after acquiring an additional 33 shares during the period. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Analyst Upgrades and Downgrades

CDNS has been the topic of several research analyst reports. Oppenheimer raised Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 target price on the stock in a research note on Monday, December 1st. Morgan Stanley decreased their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Wells Fargo & Company lowered their price objective on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a research note on Monday, December 29th. Finally, Piper Sandler lowered their target price on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cadence Design Systems presently has a consensus rating of “Moderate Buy” and an average target price of $376.50.

Cadence Design Systems Stock Down 0.3%

CDNS opened at $270.88 on Tuesday. The firm has a market cap of $74.79 billion, a P/E ratio of 66.72, a price-to-earnings-growth ratio of 3.27 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86. The business has a 50 day moving average price of $294.53 and a 200 day moving average price of $316.79. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The company’s quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.88 earnings per share. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. Research analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Activity

In related news, Director Ita M. Brennan sold 180 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total transaction of $53,105.40. Following the completion of the transaction, the director directly owned 7,470 shares in the company, valued at $2,203,874.10. This represents a 2.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Paul Cunningham sold 1,000 shares of the stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $297.78, for a total transaction of $297,780.00. Following the completion of the sale, the vice president directly owned 94,137 shares of the company’s stock, valued at approximately $28,032,115.86. This trade represents a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,185 shares of company stock valued at $963,238 in the last three months. 0.37% of the stock is owned by insiders.

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.