L2 Asset Management LLC Takes Position in Cadence Design Systems, Inc. $CDNS

Posted by Stanley Muller on Aug 26th, 2026

L2 Asset Management LLC acquired a new position in Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) in the second quarter, Holdings Channel.com reports. The fund acquired 1,573 shares of the software maker’s stock, valued at approximately $590,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CDNS. Avalon Trust Co purchased a new position in shares of Cadence Design Systems in the 2nd quarter valued at approximately $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Cadence Design Systems in the 4th quarter worth approximately $28,000. Imprint Wealth LLC purchased a new stake in Cadence Design Systems during the 3rd quarter worth approximately $31,000. Arlington Trust Co LLC grew its position in Cadence Design Systems by 154.3% during the 2nd quarter. Arlington Trust Co LLC now owns 89 shares of the software maker’s stock worth $33,000 after purchasing an additional 54 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its stake in Cadence Design Systems by 933.3% during the 1st quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker’s stock valued at $26,000 after purchasing an additional 84 shares in the last quarter. 84.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Anirudh Devgan sold 25,005 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $415.00, for a total transaction of $10,377,075.00. Following the sale, the chief executive officer directly owned 253,519 shares of the company’s stock, valued at $105,210,385. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 7,081 shares of Cadence Design Systems stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $393.91, for a total value of $2,789,276.71. Following the transaction, the vice president owned 32,181 shares of the company’s stock, valued at approximately $12,676,417.71. This represents a 18.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 89,599 shares of company stock valued at $35,710,627 over the last 90 days. Company insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CDNS shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price target on shares of Cadence Design Systems in a report on Tuesday, July 28th. Weiss Ratings raised Cadence Design Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, July 30th. Stifel Nicolaus upped their target price on Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Berenberg Bank set a $440.00 target price on Cadence Design Systems in a research note on Wednesday, May 27th. Finally, Oppenheimer reaffirmed a “market perform” rating and set a $300.00 price target on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $405.69.

View Our Latest Stock Analysis on Cadence Design Systems

Cadence Design Systems Price Performance

NASDAQ:CDNS opened at $331.90 on Wednesday. Cadence Design Systems, Inc. has a one year low of $262.75 and a one year high of $416.69. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. The firm has a market cap of $91.40 billion, a price-to-earnings ratio of 65.98, a PEG ratio of 3.39 and a beta of 1.15. The firm’s fifty day moving average is $351.00 and its two-hundred day moving average is $332.31.

Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.06. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The firm’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period last year, the firm earned $1.65 EPS. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. Research analysts expect that Cadence Design Systems, Inc. will post 6.4 EPS for the current year.

Cadence Design Systems Company Profile

(Free Report)

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.