Horizon Investments LLC Buys 1,473 Shares of Cadence Design Systems, Inc. $CDNS

Horizon Investments LLC boosted its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,260 shares of the software maker’s stock after acquiring an additional 1,473 shares during the period. Horizon Investments LLC’s holdings in Cadence Design Systems were worth $4,145,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Peterson Wealth Services boosted its holdings in shares of Cadence Design Systems by 1,501.3% during the 3rd quarter. Peterson Wealth Services now owns 187,115 shares of the software maker’s stock valued at $65,726,000 after buying an additional 175,430 shares in the last quarter. Stanley Laman Group Ltd. bought a new stake in shares of Cadence Design Systems during the 3rd quarter valued at $6,177,000. Thrivent Financial for Lutherans boosted its holdings in shares of Cadence Design Systems by 301.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker’s stock valued at $17,563,000 after buying an additional 37,558 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Cadence Design Systems by 62.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 571,278 shares of the software maker’s stock valued at $200,667,000 after buying an additional 220,464 shares in the last quarter. Finally, DDD Partners LLC boosted its holdings in shares of Cadence Design Systems by 27.4% during the 4th quarter. DDD Partners LLC now owns 41,968 shares of the software maker’s stock valued at $13,118,000 after buying an additional 9,024 shares in the last quarter. Institutional investors own 84.85% of the company’s stock.

Insider Activity

In other news, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $280.19, for a total transaction of $280,190.00. Following the completion of the sale, the vice president owned 128,586 shares of the company’s stock, valued at $36,028,511.34. This represents a 0.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 21,500 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $309.45, for a total transaction of $6,653,175.00. Following the sale, the chief financial officer directly owned 86,875 shares of the company’s stock, valued at $26,883,468.75. The trade was a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,680 shares of company stock valued at $7,284,250 in the last quarter. 0.49% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CDNS has been the topic of a number of research reports. Citigroup boosted their target price on shares of Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company boosted their target price on shares of Cadence Design Systems from $375.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Robert W. Baird boosted their target price on shares of Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a report on Tuesday, April 28th. Rosenblatt Securities restated a “buy” rating and set a $360.00 target price on shares of Cadence Design Systems in a report on Friday, April 24th. Finally, KeyCorp boosted their target price on shares of Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and an average target price of $380.59.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS opened at $340.94 on Monday. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $376.45. The business has a 50-day simple moving average of $296.48 and a two-hundred day simple moving average of $309.06. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47. The firm has a market cap of $94.13 billion, a price-to-earnings ratio of 79.47, a price-to-earnings-growth ratio of 4.04 and a beta of 1.13.

Cadence Design Systems (NASDAQ:CDNS) last issued its 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. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm earned $1.57 EPS. Cadence Design Systems’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. On average, analysts expect that Cadence Design Systems, Inc. will post 6.22 earnings per share for the current year.

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.