Los Angeles Capital Management LLC Sells 2,741 Shares of Cadence Design Systems, Inc. $CDNS

Los Angeles Capital Management LLC lessened its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 7.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,010 shares of the software maker’s stock after selling 2,741 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Cadence Design Systems were worth $11,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. increased its stake in Cadence Design Systems by 36.2% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,444 shares of the software maker’s stock valued at $451,000 after acquiring an additional 384 shares during the last quarter. 111 Capital bought a new position in Cadence Design Systems in the fourth quarter valued at $1,676,000. Argonautica Private Wealth Management Inc. bought a new position in Cadence Design Systems in the fourth quarter valued at $559,000. Pinebridge Investments LLC bought a new position in Cadence Design Systems in the fourth quarter valued at $12,030,000. Finally, Harvest Fund Management Co. Ltd increased its stake in Cadence Design Systems by 16.7% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 21,945 shares of the software maker’s stock valued at $6,858,000 after acquiring an additional 3,133 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Stock Up 4.8%

Shares of NASDAQ:CDNS opened at $394.24 on Tuesday. The stock’s 50-day moving average price is $335.44 and its 200-day moving average price is $316.51. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $416.69. The stock has a market capitalization of $108.74 billion, a P/E ratio of 91.90, a price-to-earnings-growth ratio of 4.45 and a beta of 1.15. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.05. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The company’s revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period last year, the firm earned $1.57 earnings per share. 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 analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CDNS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Wells Fargo & Company raised their price objective on Cadence Design Systems from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Piper Sandler raised their price objective on Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday, April 28th. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a research note on Wednesday, February 18th. Finally, Morgan Stanley reduced their price objective on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $384.41.

Insider Activity

In other news, CFO John M. Wall sold 5,000 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 81,875 shares in the company, valued at approximately $28,550,631.25. This represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 7,081 shares of the stock in a transaction dated 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 owned 32,181 shares of the company’s stock, valued at approximately $12,676,417.71. This represents a 18.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 176,046 shares of company stock valued at $65,830,801. Company insiders own 0.49% of the company’s stock.

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.