WealthPlan Investment Management LLC Acquires 83,508 Shares of Cadence Design Systems, Inc. $CDNS

Posted by Brian Himes on Oct 15th, 2026

WealthPlan Investment Management LLC acquired a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 83,508 shares of the software maker’s stock, valued at approximately $27,574,000. Cadence Design Systems accounts for about 1.3% of WealthPlan Investment Management LLC’s investment portfolio, making the stock its 20th largest position.

Other large investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its holdings in Cadence Design Systems by 21.8% in the 2nd quarter. Van ECK Associates Corp now owns 4,889,765 shares of the software maker’s stock worth $1,835,227,000 after buying an additional 874,392 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cadence Design Systems by 1.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,385,655 shares of the software maker’s stock valued at $1,270,704,000 after acquiring an additional 48,937 shares during the period. J. Stern & Co. LLP raised its holdings in Cadence Design Systems by 10,159.3% during the fourth quarter. J. Stern & Co. LLP now owns 2,953,256 shares of the software maker’s stock valued at $923,129,000 after acquiring an additional 2,924,470 shares during the period. Legal & General Group Plc bought a new stake in Cadence Design Systems during the second quarter valued at about $702,615,000. Finally, Jupiter Topco LLC purchased a new position in shares of Cadence Design Systems in the second quarter valued at about $688,746,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Price Performance

CDNS traded down $7.65 during trading on Thursday, hitting $321.81. 935,130 shares of the company traded hands, compared to its average volume of 2,438,914. The company has a market cap of $88.62 billion, a PE ratio of 64.03, a P/E/G ratio of 3.58 and a beta of 1.13. The stock’s 50-day simple moving average is $319.53 and its two-hundred day simple moving average is $338.60. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 23.60% and a return on equity of 27.98%. Cadence Design Systems’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. As a group, sell-side analysts anticipate that Cadence Design Systems, Inc. will post 6.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CDNS has been the subject of a number of recent analyst reports. Weiss Ratings lowered Cadence Design Systems from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, September 25th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 target price on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Benchmark reissued a “buy” rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Bank of America boosted their price target on Cadence Design Systems from $400.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Finally, Robert W. Baird boosted their price target on Cadence Design Systems from $415.00 to $420.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $404.14.

Check Out Our Latest Stock Report on Cadence Design Systems

Insider Transactions at Cadence Design Systems

In related news, Director Ita M. Brennan sold 180 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $285.51, for a total transaction of $51,391.80. Following the completion of the transaction, the director directly owned 7,824 shares of the company’s stock, valued at approximately $2,233,830.24. This represents a 2.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 280 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $339.00, for a total value of $94,920.00. Following the transaction, the vice president directly owned 31,720 shares of the company’s stock, valued at approximately $10,753,080. The trade was a 0.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 6,960 shares of company stock worth $2,185,879. 0.49% of the stock is currently owned by company insiders.

About Cadence Design Systems

(Free Report)

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.