Cadence Design Systems, Inc. $CDNS Shares Acquired by Czech National Bank

Czech National Bank increased its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,776 shares of the software maker’s stock after buying an additional 2,569 shares during the quarter. Czech National Bank’s holdings in Cadence Design Systems were worth $22,436,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CDNS. Y.D. More Investments Ltd purchased a new stake in Cadence Design Systems during the 3rd quarter valued at about $26,000. Caitlin John LLC purchased a new position in shares of Cadence Design Systems in the third quarter worth about $29,000. Imprint Wealth LLC purchased a new position in shares of Cadence Design Systems in the third quarter worth about $31,000. Strategic Wealth Investment Group LLC acquired a new stake in shares of Cadence Design Systems during the second quarter worth about $32,000. Finally, Promus Capital LLC acquired a new stake in shares of Cadence Design Systems during the second quarter worth about $33,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Cadence Design Systems Trading Down 0.3%

CDNS stock opened at $280.62 on Friday. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The firm has a market cap of $76.51 billion, a P/E ratio of 69.12, a PEG ratio of 3.38 and a beta of 1.00. The company’s 50-day simple moving average is $296.37 and its 200-day simple moving average is $318.45.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.08. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.Cadence Design Systems’s revenue for the quarter was up 6.2% compared to the same quarter last year. 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. As a group, equities analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on CDNS. Piper Sandler cut their price target 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. Morgan Stanley decreased their price objective on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Needham & Company LLC reaffirmed a “buy” rating and issued a $390.00 price objective on shares of Cadence Design Systems in a report on Wednesday, February 18th. Rosenblatt Securities reiterated a “buy” rating and issued a $360.00 price objective on shares of Cadence Design Systems in a research note on Thursday, February 26th. Finally, Wells Fargo & Company reduced their target price 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, February 18th. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cadence Design Systems has an average rating of “Moderate Buy” and an average price target of $376.50.

Insider Buying and Selling

In other news, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total value of $53,105.40. Following the completion of the sale, the director directly owned 7,470 shares in the company, valued at $2,203,874.10. The trade was a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Paul Cunningham sold 1,000 shares of the company’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 directly owned 94,137 shares of the company’s stock, valued at approximately $28,032,115.86. The trade was a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,185 shares of company stock valued at $963,238 over the last 90 days. Company insiders own 1.99% of the company’s stock.

About Cadence Design Systems

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.