California Public Employees Retirement System Acquires 20,760 Shares of Cadence Design Systems, Inc. $CDNS

California Public Employees Retirement System raised its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 469,321 shares of the software maker’s stock after buying an additional 20,760 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Cadence Design Systems worth $164,854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Y.D. More Investments Ltd bought a new position in shares of Cadence Design Systems during the third quarter worth $26,000. Caitlin John LLC purchased a new stake in Cadence Design Systems in the 3rd quarter worth $29,000. Imprint Wealth LLC purchased a new stake in Cadence Design Systems in the 3rd quarter worth $31,000. Robbins Farley bought a new position in shares of Cadence Design Systems during the 3rd quarter valued at about $35,000. Finally, Cloud Capital Management LLC purchased a new position in shares of Cadence Design Systems during the third quarter valued at about $35,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Insiders Place Their Bets

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $297.78, for a total transaction of $297,780.00. Following the completion of the transaction, the vice president directly owned 94,137 shares of the company’s stock, valued at $28,032,115.86. The trade was a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John M. Wall sold 27,805 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $318.57, for a total transaction 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 trade represents a 28.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 30,810 shares of company stock valued at $9,767,972. 0.37% of the stock is owned by corporate insiders.

Cadence Design Systems Trading Down 1.1%

Shares of CDNS stock opened at $287.03 on Monday. 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 2.67. The stock’s 50 day simple moving average is $301.94 and its two-hundred day simple moving average is $321.94. The company has a market cap of $78.26 billion, a PE ratio of 70.70, a price-to-earnings-growth ratio of 3.45 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 EPS. 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. Research analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CDNS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Citigroup initiated coverage on Cadence Design Systems in a research note on Monday, November 24th. They issued a “buy” rating and a $385.00 price objective on the stock. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a report on Wednesday, February 18th. Morgan Stanley lowered their target price 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. Finally, Wells Fargo & Company reduced 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 research report on Wednesday, February 18th. Fifteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Cadence Design Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $376.50.

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.