Swiss National Bank Cuts Stock Position in Cadence Design Systems, Inc. $CDNS

Swiss National Bank cut its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 5.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 787,100 shares of the software maker’s stock after selling 43,300 shares during the period. Swiss National Bank’s holdings in Cadence Design Systems were worth $276,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CDNS. Brighton Jones LLC raised its position in Cadence Design Systems by 80.2% during the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock worth $456,000 after buying an additional 676 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Cadence Design Systems by 3.8% in the first quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock valued at $560,000 after acquiring an additional 80 shares in the last quarter. Atlantic Union Bankshares Corp boosted its holdings in shares of Cadence Design Systems by 35.3% in the second quarter. Atlantic Union Bankshares Corp now owns 2,526 shares of the software maker’s stock valued at $778,000 after acquiring an additional 659 shares in the last quarter. Savant Capital LLC increased its stake in shares of Cadence Design Systems by 31.9% during the second quarter. Savant Capital LLC now owns 3,633 shares of the software maker’s stock worth $1,119,000 after acquiring an additional 879 shares during the period. Finally, AE Wealth Management LLC raised its holdings in Cadence Design Systems by 5.3% during the second quarter. AE Wealth Management LLC now owns 10,098 shares of the software maker’s stock worth $3,112,000 after purchasing an additional 512 shares in the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Morgan Stanley reduced their price objective on shares of 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. Wells Fargo & Company cut their target price on Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Citigroup started coverage on Cadence Design Systems in a report on Monday, November 24th. They issued a “buy” rating and a $385.00 price target for the company. Rosenblatt Securities restated a “buy” rating and issued a $360.00 price target on shares of Cadence Design Systems in a research note on Thursday, February 26th. Finally, Oppenheimer raised Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price objective on the stock in a report on Monday, December 1st. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Cadence Design Systems has a consensus rating of “Moderate Buy” and a consensus price target of $376.50.

Insider Transactions at Cadence Design Systems

In other news, CFO John M. Wall sold 27,805 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $318.57, for a total value of $8,857,838.85. Following the completion of the transaction, the chief financial officer owned 69,957 shares in the company, valued at $22,286,201.49. This trade represents a 28.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction dated Monday, March 2nd. The stock was 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 owned 94,137 shares in the company, valued at $28,032,115.86. This represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 36,480 shares of company stock valued at $11,692,189. Company insiders own 0.37% of the company’s stock.

Cadence Design Systems Stock Down 1.0%

CDNS stock opened at $296.94 on Monday. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average price is $304.06 and its 200 day moving average price is $323.85. Cadence Design Systems, Inc. has a 52 week low of $221.56 and a 52 week high of $376.45. The company has a market cap of $80.96 billion, a P/E ratio of 73.14, a P/E/G ratio of 3.56 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 6.2% on a year-over-year basis. During the same period last year, the firm earned $1.88 EPS. 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. On average, research analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

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.