2,541 Shares in Cadence Design Systems, Inc. $CDNS Purchased by CenterBook Partners LP

CenterBook Partners LP bought a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,541 shares of the software maker’s stock, valued at approximately $893,000.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Cadence Design Systems by 1.2% in the third quarter. Vanguard Group Inc. now owns 26,923,317 shares of the software maker’s stock worth $9,457,084,000 after buying an additional 327,456 shares in the last quarter. State Street Corp boosted its position in Cadence Design Systems by 1.4% during the 2nd quarter. State Street Corp now owns 12,318,585 shares of the software maker’s stock valued at $3,795,972,000 after acquiring an additional 172,551 shares in the last quarter. Jennison Associates LLC increased its holdings in shares of Cadence Design Systems by 3.0% in the 2nd quarter. Jennison Associates LLC now owns 9,338,102 shares of the software maker’s stock valued at $2,877,536,000 after acquiring an additional 273,149 shares during the period. Geode Capital Management LLC raised its position in shares of Cadence Design Systems by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 6,363,734 shares of the software maker’s stock worth $1,952,771,000 after acquiring an additional 77,478 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Cadence Design Systems by 16.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,314,407 shares of the software maker’s stock worth $1,866,739,000 after purchasing an additional 731,788 shares during the last quarter. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems News Roundup

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

• Positive Sentiment: Q4 beats, strong guidance and record backlog — Cadence topped Q4 revenue and EPS estimates, reported a record $7.8B backlog and gave upbeat 2026 guidance tied to AI-driven chip-design demand, supporting the post‑earnings rally. Cadence Tops Q4 Earnings on Upbeat AI Trends, Posts Solid Backlog
• Positive Sentiment: Market commentary highlights AI products (ChipStack, Cerebrus) that management says can materially boost chip-design productivity — a structural tailwind that investors are rewarding after the print.
• Positive Sentiment: Brokerage support — Bank of America reaffirmed a Buy with a $400 target (bullish price objective) and Rosenblatt/Needham issued Buy ratings, providing institutional endorsement of the AI story. Bank of America Securities Remains Bullish on Cadence Design Systems Rosenblatt Raised to Buy Needham Buy Rating
• Neutral Sentiment: ChipStack AI launch draws attention but raises valuation/implementation watchpoints — product launch is positive for long‑term thesis, though some coverage flags valuation risk. Cadence ChipStack AI Super Agent Launch Meets High Valuation Watchpoints
• Neutral Sentiment: International revenue exposure and technicals matter — analysts note international trends and the stock is testing its 50‑day moving average after the earnings move, important for near‑term momentum. Don’t Overlook Cadence (CDNS) International Revenue Trends Cadence Stock Is Challenging Its 50-Day Moving Average
• Neutral Sentiment: Short-interest entries in the feed show anomalous/zero values (likely a data glitch) — no clear short‑squeeze signal from the reported figures.
• Negative Sentiment: Some firms trimmed expectations — Morgan Stanley and Piper Sandler lowered forecasts/price expectations, which can cap upside if follow‑through downgrades occur. Piper Sandler Lowers Expectations Morgan Stanley Lowers Expectations
• Negative Sentiment: Unusual options activity — large volume of put purchases was reported, which can signal some trader hedging or bearish positioning ahead of further volatility. Stock Traders Buy Large Volume of Cadence Put Options

Wall Street Analyst Weigh In

Several research firms have commented on CDNS. Needham & Company LLC reissued a “buy” rating and set a $390.00 price target on shares of Cadence Design Systems in a research report on Wednesday. Citigroup initiated coverage on shares of Cadence Design Systems in a research note on Monday, November 24th. They set a “buy” rating and a $385.00 price objective for the company. Stifel Nicolaus set a $395.00 target price on shares of Cadence Design Systems in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Finally, Morgan Stanley reduced their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research report on Wednesday. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $376.50.

Insider Activity

In other Cadence Design Systems news, CEO Anirudh Devgan sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $340.00, for a total value of $6,800,000.00. Following the sale, the chief executive officer owned 195,844 shares in the company, valued at approximately $66,586,960. This represents a 9.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $337.48, for a total transaction of $60,746.40. Following the sale, the director directly owned 7,650 shares in the company, valued at $2,581,722. The trade was a 2.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 56,475 shares of company stock valued at $18,505,486 over the last 90 days. Company insiders own 1.99% of the company’s stock.

Cadence Design Systems Trading Down 0.1%

Shares of Cadence Design Systems stock opened at $296.28 on Friday. The stock has a market cap of $80.65 billion, a PE ratio of 72.98, a price-to-earnings-growth ratio of 3.37 and a beta of 1.01. The firm has a fifty day moving average price of $307.90 and a 200 day moving average price of $328.02. 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.

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

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.