Munich Reinsurance Co Stock Corp in Munich Acquires 116,214 Shares of Cadence Design Systems, Inc. $CDNS

Munich Reinsurance Co Stock Corp in Munich raised its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 1,021.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 127,593 shares of the software maker’s stock after purchasing an additional 116,214 shares during the quarter. Munich Reinsurance Co Stock Corp in Munich’s holdings in Cadence Design Systems were worth $35,454,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Lmcg Investments LLC purchased a new position in Cadence Design Systems during the first quarter worth about $3,021,000. Addison Capital Co increased its stake in Cadence Design Systems by 13.0% in the 1st quarter. Addison Capital Co now owns 2,209 shares of the software maker’s stock valued at $614,000 after buying an additional 254 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in shares of Cadence Design Systems by 9.8% during the 1st quarter. Resonant Capital Advisors LLC now owns 1,572 shares of the software maker’s stock worth $437,000 after buying an additional 140 shares in the last quarter. United Asset Strategies Inc. boosted its stake in shares of Cadence Design Systems by 58.2% in the 1st quarter. United Asset Strategies Inc. now owns 8,055 shares of the software maker’s stock worth $2,238,000 after buying an additional 2,962 shares during the last quarter. Finally, Westfuller Advisors LLC grew its holdings in shares of Cadence Design Systems by 8.2% in the first quarter. Westfuller Advisors LLC now owns 408 shares of the software maker’s stock valued at $113,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 84.85% of the company’s stock.

Insider Transactions at Cadence Design Systems

In other news, VP Paul Cunningham sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $391.00, for a total value of $782,000.00. Following the sale, the vice president owned 126,586 shares of the company’s stock, valued at $49,495,126. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Plummer sold 1,511 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $381.34, for a total transaction of $576,204.74. Following the sale, the director owned 23,264 shares in the company, valued at $8,871,493.76. The trade was a 6.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 178,557 shares of company stock valued at $66,925,452. 0.49% of the stock is currently owned by insiders.

Cadence Design Systems Stock Performance

Shares of CDNS opened at $374.06 on Thursday. The firm has a market cap of $103.17 billion, a PE ratio of 87.19, a PEG ratio of 4.39 and a beta of 1.15. The stock’s fifty day moving average price is $372.53 and its two-hundred day moving average price is $326.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69.

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 the consensus estimate 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 company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company earned $1.57 EPS. The firm’s quarterly 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. On average, equities research analysts forecast that Cadence Design Systems, Inc. will post 6.23 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on CDNS shares. Piper Sandler increased their price target on Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday, April 28th. KeyCorp boosted 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. Rosenblatt Securities restated a “buy” rating and issued a $360.00 price objective on shares of Cadence Design Systems in a research note on Friday, April 24th. Stifel Nicolaus raised their target price on Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Finally, Robert W. Baird lifted their target price on Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cadence Design Systems has a consensus rating of “Moderate Buy” and a consensus price target of $386.59.

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.