Ossiam Increases Position in Cadence Design Systems, Inc. $CDNS

Ossiam lifted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 51.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,824 shares of the software maker’s stock after acquiring an additional 66,303 shares during the period. Cadence Design Systems accounts for approximately 0.9% of Ossiam’s investment portfolio, making the stock its 15th biggest holding. Ossiam owned about 0.07% of Cadence Design Systems worth $68,434,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new position in shares of Cadence Design Systems in the third quarter worth about $26,000. Caitlin John LLC purchased a new stake in Cadence Design Systems in the third quarter valued at approximately $29,000. Robbins Farley purchased a new stake in Cadence Design Systems in the third quarter valued at approximately $35,000. Cloud Capital Management LLC acquired a new position in Cadence Design Systems in the 3rd quarter worth approximately $35,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in Cadence Design Systems during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Activity

In related news, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $297.78, for a total value of $297,780.00. Following the completion of the transaction, the vice president owned 94,137 shares of the company’s stock, valued at approximately $28,032,115.86. This represents a 1.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John M. Wall sold 27,805 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 69,957 shares in the company, valued at $22,286,201.49. This represents a 28.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 30,810 shares of company stock valued at $9,767,972. 1.99% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Oppenheimer upgraded shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price objective for the company in a research note on Monday, December 1st. Rosenblatt Securities reissued a “buy” rating and set a $360.00 target price on shares of Cadence Design Systems in a report on Thursday, February 26th. Needham & Company LLC restated a “buy” rating and set a $390.00 target price on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Wells Fargo & Company lowered their price target on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.50.

Cadence Design Systems Price Performance

NASDAQ:CDNS opened at $287.03 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. The company has a 50 day moving average price of $301.94 and a 200-day moving average price of $322.27. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The firm has a market cap of $78.26 billion, a price-to-earnings ratio of 70.70, a price-to-earnings-growth ratio of 3.48 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the firm posted $1.88 earnings per share. The firm’s quarterly revenue was up 6.2% compared to the same quarter last year. 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. Equities research analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS 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.