Mariner LLC Has $225.38 Million Holdings in Cadence Design Systems, Inc. $CDNS

Mariner LLC lifted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 29.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 721,018 shares of the software maker’s stock after acquiring an additional 164,423 shares during the period. Mariner LLC’s holdings in Cadence Design Systems were worth $225,375,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Norges Bank bought a new stake in Cadence Design Systems during the fourth quarter worth approximately $1,352,922,000. Assenagon Asset Management S.A. raised its position 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 stake in shares of Cadence Design Systems in the second quarter worth $187,663,000. Invesco Ltd. lifted its stake 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 worth $1,033,669,000 after buying an additional 499,009 shares during the last quarter. Finally, Close Asset Management Ltd boosted its holdings in shares of Cadence Design Systems by 577.5% during the 3rd quarter. Close Asset Management Ltd now owns 566,679 shares of the software maker’s stock worth $199,088,000 after buying an additional 483,039 shares during the period. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Stock Performance

NASDAQ:CDNS opened at $384.96 on Monday. The firm’s 50-day moving average is $344.32 and its 200-day moving average is $318.83. The company has a market cap of $106.18 billion, a price-to-earnings ratio of 89.73, a PEG ratio of 4.56 and a beta of 1.15. 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, Inc. has a 52-week low of $262.75 and a 52-week high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last released 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 for the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the business earned $1.57 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Scannell sold 7,081 shares of Cadence Design Systems stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the sale, the vice president directly owned 32,181 shares of the company’s stock, valued at approximately $12,676,417.71. The trade was a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anirudh Devgan sold 25,005 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $415.00, for a total value of $10,377,075.00. Following the completion of the sale, the chief executive officer owned 253,519 shares in the company, valued at approximately $105,210,385. This represents a 8.98% 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 sold 176,226 shares of company stock worth $65,900,542 in the last 90 days. 0.49% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CDNS. Piper Sandler lifted their target price on shares of Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a report on Tuesday, April 28th. Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a report on Tuesday, April 28th. Wells Fargo & Company raised their price target on Cadence Design Systems from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Berenberg Bank set a $440.00 price objective on Cadence Design Systems in a research note on Wednesday, May 27th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $360.00 price objective on shares of Cadence Design Systems in a research report on Friday, April 24th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $386.59.

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.