Allianz SE Invests $1.27 Million in Cadence Design Systems, Inc. $CDNS

Allianz SE purchased a new stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 3,600 shares of the software maker’s stock, valued at approximately $1,265,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new stake in shares of Cadence Design Systems in the 3rd quarter worth $26,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Cadence Design Systems in the second quarter valued at about $32,000. Promus Capital LLC bought a new stake in shares of Cadence Design Systems in the second quarter valued at about $33,000. Robbins Farley purchased a new stake in Cadence Design Systems in the third quarter worth about $35,000. Finally, Cloud Capital Management LLC bought a new position in Cadence Design Systems during the 3rd quarter worth about $35,000. Institutional investors own 84.85% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Rosenblatt Securities restated a “buy” rating and issued a $360.00 price target on shares of Cadence Design Systems in a report on Thursday. Piper Sandler cut their price objective on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Oppenheimer upgraded Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 target price for the company in a report on Monday, December 1st. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research report on Wednesday, February 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $390.00 price target on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $376.50.

Insider Activity at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Scannell sold 5,490 shares of the business’s stock in a transaction dated 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 owned 20,321 shares in the company, valued at approximately $6,897,557.03. The trade was a 21.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $337.48, for a total value of $60,746.40. Following the completion of the transaction, the director owned 7,650 shares of the company’s stock, valued at approximately $2,581,722. The trade was a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 56,475 shares of company stock worth $18,505,486 in the last quarter. 1.99% of the stock is owned by insiders.

Cadence Design Systems Stock Up 1.3%

CDNS stock opened at $301.40 on Friday. The firm has a 50 day moving average of $305.71 and a 200 day moving average of $325.71. The stock has a market capitalization of $82.18 billion, a PE ratio of 74.24, a price-to-earnings-growth ratio of 3.60 and a beta of 1.01. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. Cadence Design Systems, Inc. has a 52 week low of $221.56 and a 52 week high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) 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 business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business posted $1.88 EPS. Cadence Design Systems’s revenue for the quarter 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. Sell-side analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

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.