Generali Asset Management SPA SGR Trims Stock Position in Cadence Design Systems, Inc. $CDNS

Generali Asset Management SPA SGR cut its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,729 shares of the software maker’s stock after selling 2,220 shares during the period. Generali Asset Management SPA SGR’s holdings in Cadence Design Systems were worth $8,355,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CDNS. ASR Vermogensbeheer N.V. grew its position in Cadence Design Systems by 19.2% in the fourth quarter. ASR Vermogensbeheer N.V. now owns 22,976 shares of the software maker’s stock worth $7,182,000 after acquiring an additional 3,702 shares during the period. MGO One Seven LLC grew its position in Cadence Design Systems by 83.2% in the fourth quarter. MGO One Seven LLC now owns 16,986 shares of the software maker’s stock worth $5,309,000 after acquiring an additional 7,713 shares during the period. Cabot Wealth Management Inc. grew its position in Cadence Design Systems by 24.4% in the fourth quarter. Cabot Wealth Management Inc. now owns 4,315 shares of the software maker’s stock worth $1,349,000 after acquiring an additional 846 shares during the period. Sequoia Financial Advisors LLC grew its position in Cadence Design Systems by 11.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 8,492 shares of the software maker’s stock worth $2,654,000 after acquiring an additional 867 shares during the period. Finally, Gateway Investment Advisers LLC grew its position in Cadence Design Systems by 1.0% in the fourth quarter. Gateway Investment Advisers LLC now owns 86,567 shares of the software maker’s stock worth $27,059,000 after acquiring an additional 828 shares during the period. 84.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cadence Design Systems

In related news, CFO John M. Wall sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $348.71, for a total transaction of $1,743,550.00. Following the sale, the chief financial officer directly owned 81,875 shares of the company’s stock, valued at $28,550,631.25. This represents a 5.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $337.49, for a total transaction of $337,490.00. Following the sale, the vice president directly owned 127,586 shares in the company, valued at approximately $43,058,999.14. The trade was a 0.78% 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. Insiders sold 40,180 shares of company stock valued at $12,924,790 in the last 90 days. Corporate insiders own 0.49% of the company’s stock.

Cadence Design Systems Trading Up 0.6%

Shares of CDNS stock opened at $356.90 on Friday. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $376.45. The company has a 50 day moving average price of $300.45 and a 200 day moving average price of $309.70. The stock has a market capitalization of $98.44 billion, a P/E ratio of 83.19, a price-to-earnings-growth ratio of 4.21 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 for the quarter, topping the consensus estimate 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 the consensus estimate of $1.46 billion. During the same period in the prior year, the firm earned $1.57 EPS. The firm’s revenue for the quarter was up 18.6% on a year-over-year basis. 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 predict that Cadence Design Systems, Inc. will post 6.22 EPS for the current fiscal year.

Analysts Set New Price Targets

CDNS has been the subject of several analyst reports. Morgan Stanley lowered 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. Citigroup boosted their price target on shares of Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. KeyCorp boosted their price target on shares of Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Wells Fargo & Company boosted their price target on shares of Cadence Design Systems from $375.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $400.00 price target on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $380.59.

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.