Assenagon Asset Management S.A. Has $351.47 Million Stock Holdings in Cadence Design Systems, Inc. $CDNS

Assenagon Asset Management S.A. raised its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 120.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,124,417 shares of the software maker’s stock after acquiring an additional 615,440 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.41% of Cadence Design Systems worth $351,470,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CDNS. Seilern Investment Management Ltd lifted its holdings in shares of Cadence Design Systems by 556.7% during the fourth quarter. Seilern Investment Management Ltd now owns 180,878 shares of the software maker’s stock worth $56,539,000 after purchasing an additional 153,334 shares during the period. Diversified Trust Co. increased its holdings in Cadence Design Systems by 3.2% in the fourth quarter. Diversified Trust Co. now owns 1,241 shares of the software maker’s stock valued at $388,000 after purchasing an additional 39 shares during the period. Carr Financial Group Corp raised its position in Cadence Design Systems by 12.9% during the 4th quarter. Carr Financial Group Corp now owns 1,285 shares of the software maker’s stock worth $402,000 after purchasing an additional 147 shares during the last quarter. Teamwork Financial Advisors LLC raised its position in Cadence Design Systems by 13.8% during the 4th quarter. Teamwork Financial Advisors LLC now owns 39,944 shares of the software maker’s stock worth $12,486,000 after purchasing an additional 4,840 shares during the last quarter. Finally, Fulton Bank N.A. lifted its holdings in Cadence Design Systems by 7.6% during the 4th quarter. Fulton Bank N.A. now owns 1,195 shares of the software maker’s stock worth $374,000 after buying an additional 84 shares during the period. Institutional investors own 84.85% of the company’s stock.

Insider Buying and Selling

In other news, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total value of $297,780.00. Following the transaction, the vice president owned 94,137 shares in the company, valued at $28,032,115.86. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the transaction, the director directly owned 7,470 shares in the company, valued at approximately $2,203,874.10. The trade was a 2.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,185 shares of company stock valued at $963,238 over the last three months. Corporate insiders own 0.37% of the company’s stock.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $292.52 on Tuesday. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $298.58 and a two-hundred day simple moving average of $319.45. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. The firm has a market capitalization of $79.76 billion, a PE ratio of 72.05, a price-to-earnings-growth ratio of 3.41 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data 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 firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the company earned $1.88 earnings per share. The business’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. Analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus set a $395.00 price target on Cadence Design Systems in a research report on Wednesday, February 18th. Wells Fargo & Company cut their price objective on Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Rosenblatt Securities restated a “buy” rating and issued a $360.00 price target on shares of Cadence Design Systems in a research report on Thursday, February 26th. Finally, Citigroup began coverage on shares of 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. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Cadence Design Systems has an average rating of “Moderate Buy” and an average 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.