Factory Mutual Insurance Co. Sells 4,800 Shares of Cadence Design Systems, Inc. $CDNS

Factory Mutual Insurance Co. reduced its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 211,171 shares of the software maker’s stock after selling 4,800 shares during the quarter. Cadence Design Systems comprises 0.7% of Factory Mutual Insurance Co.’s holdings, making the stock its 29th largest holding. Factory Mutual Insurance Co. owned 0.08% of Cadence Design Systems worth $74,176,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CDNS. Norges Bank acquired a new position in shares of Cadence Design Systems during the 2nd quarter valued at $1,190,618,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Cadence Design Systems by 16.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,314,407 shares of the software maker’s stock valued at $1,866,739,000 after purchasing an additional 731,788 shares during the period. Voya Investment Management LLC boosted its position in shares of Cadence Design Systems by 914.2% during the 3rd quarter. Voya Investment Management LLC now owns 691,071 shares of the software maker’s stock worth $242,746,000 after purchasing an additional 622,934 shares in the last quarter. Scge Management L.P. acquired a new stake in shares of Cadence Design Systems in the 2nd quarter valued at about $187,663,000. Finally, Bain Capital Public Equity Management II LLC bought a new stake in Cadence Design Systems in the 2nd quarter valued at about $130,534,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Cadence Design Systems News Roundup

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Q4 beat and 2026 guidance: Cadence reported Q4 revenue and EPS above estimates and issued FY‑2026 guidance that implies healthy growth and margin expansion; the print and outlook are the primary bullish catalyst behind the initial rally after earnings. CNBC: Cadence shares pop on earnings beat, custom chip optimism
• Positive Sentiment: AI product traction: Cadence highlighted its ChipStack AI Super Agent and AI-driven tools (Cerebrus) that management says can materially speed chip design and improve power/performance/area — strengthening Cadence’s growth narrative and valuation premium. Yahoo Finance: Cadence ChipStack AI Super Agent Launch
• Positive Sentiment: Analyst bullishness and price-target support: Several firms (Bank of America, Needham, others) reaffirmed buy ratings or raised targets after the print, supporting upside narratives for investors focused on AI and semiconductor design exposure. InsiderMonkey: Bank of America remains bullish
• Neutral Sentiment: Backlog and visibility: Management flagged a record backlog (~$7.8B) and that a large portion of 2026 revenue is already visible — positive for revenue certainty but implies some growth is already priced in. MarketBeat: CDNS post-earnings note
• Negative Sentiment: Heavy put and unusual options activity: Reported spikes in put buying and large volumes of put options suggest some traders are betting on a pullback or hedging exposure, which can amplify intraday selling pressure. American Banking News: Traders buy put options
• Negative Sentiment: Mixed analyst moves and target trims: A few firms trimmed price targets or maintained neutral ratings (Piper Sandler cut its target; Rosenblatt and others showed mixed messages), adding uncertainty about near-term upside and prompting profit-taking. Benzinga: Analyst revisions after Q4
• Neutral Sentiment: Short-interest data reported is unreliable/zero in recent feed (likely a data issue) and should not be relied on for trading signals. (No meaningful linked source.)

Cadence Design Systems Price Performance

CDNS opened at $296.59 on Friday. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.84. The company has a market capitalization of $80.73 billion, a price-to-earnings ratio of 73.05, a P/E/G ratio of 3.39 and a beta of 1.01. The firm’s fifty day moving average price is $308.44 and its two-hundred day moving average price is $328.50.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, beating 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 company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm earned $1.88 earnings per share. The firm’s revenue was up 6.2% on a year-over-year basis. 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. As a group, analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Stifel Nicolaus set a $395.00 price target on Cadence Design Systems in a research note on Wednesday. KeyCorp reiterated an “overweight” rating and issued a $405.00 target price on shares of Cadence Design Systems in a report on Tuesday, October 28th. Needham & Company LLC restated a “buy” rating and set a $390.00 price target on shares of Cadence Design Systems in a research note on Wednesday. Rosenblatt Securities upgraded shares of Cadence Design Systems from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $335.00 to $360.00 in a report on Wednesday. Finally, Wells Fargo & Company reduced their price objective on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating for the company in a report on Wednesday. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $376.50.

Insider Transactions at Cadence Design Systems

In related news, VP Paul Scannell sold 5,490 shares of Cadence Design Systems stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $339.43, for a total transaction of $1,863,470.70. Following the sale, the vice president directly owned 20,321 shares in the company, valued at approximately $6,897,557.03. This trade represents a 21.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John M. Wall sold 27,805 shares of the business’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 directly owned 69,957 shares in the company, valued at approximately $22,286,201.49. This represents a 28.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 56,475 shares of company stock worth $18,505,486. 1.99% of the stock is owned by insiders.

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.