Jefferies Financial Group Inc. Increases Position in Cadence Design Systems, Inc. $CDNS

Jefferies Financial Group Inc. grew its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 9,143.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,269 shares of the software maker’s stock after purchasing an additional 5,212 shares during the period. Jefferies Financial Group Inc.’s holdings in Cadence Design Systems were worth $1,647,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CDNS. Assenagon Asset Management S.A. increased its holdings in shares of Cadence Design Systems by 120.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,124,417 shares of the software maker’s stock valued at $351,470,000 after purchasing an additional 615,440 shares during the period. Scge Management L.P. acquired a new position in shares of Cadence Design Systems in the second quarter valued at approximately $187,663,000. Invesco Ltd. boosted its holdings in shares of Cadence Design Systems by 20.4% in the third quarter. Invesco Ltd. now owns 2,942,746 shares of the software maker’s stock valued at $1,033,669,000 after acquiring an additional 499,009 shares in the last quarter. Close Asset Management Ltd boosted its holdings in shares of Cadence Design Systems by 577.5% in the third quarter. Close Asset Management Ltd now owns 566,679 shares of the software maker’s stock valued at $199,088,000 after acquiring an additional 483,039 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Cadence Design Systems in the third quarter valued at about $128,767,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Activity

In related news, Director Ita M. Brennan sold 180 shares of the stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total transaction of $53,105.40. Following the transaction, the director directly owned 7,470 shares in the company, valued at approximately $2,203,874.10. This represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Anirudh Devgan sold 51,887 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $370.00, for a total value of $19,198,190.00. Following the transaction, the chief executive officer owned 303,525 shares in the company, valued at $112,304,250. This trade represents a 14.60% decrease in their ownership of the stock. 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 have sold 93,138 shares of company stock valued at $32,492,540 in the last 90 days. Insiders own 0.49% of the company’s stock.

Cadence Design Systems Stock Down 2.0%

Shares of NASDAQ CDNS opened at $374.05 on Thursday. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $383.80. The firm’s 50 day moving average price is $317.92 and its 200 day moving average price is $312.02. The firm has a market cap of $103.17 billion, a P/E ratio of 87.19, a price-to-earnings-growth ratio of 4.52 and a beta of 1.13. 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 announced its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business earned $1.57 earnings per share. Cadence Design Systems’s revenue was up 18.6% compared to the same quarter last year. 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, sell-side analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Analysts Set New Price Targets

CDNS has been the topic of several recent research reports. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 price objective on shares of Cadence Design Systems in a research report on Friday, April 24th. KeyCorp lifted their price objective on Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Berenberg Bank set a $440.00 price objective on Cadence Design Systems in a research report on Wednesday. Robert W. Baird lifted their price objective 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. Finally, Morgan Stanley cut their price objective on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $384.41.

Cadence Design Systems Company 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.