KBC Group NV Sells 6,213 Shares of Cadence Design Systems, Inc. $CDNS

KBC Group NV lessened its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 4.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 125,551 shares of the software maker’s stock after selling 6,213 shares during the quarter. KBC Group NV’s holdings in Cadence Design Systems were worth $39,245,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. LBP AM SA lifted its holdings in shares of Cadence Design Systems by 1.9% in the fourth quarter. LBP AM SA now owns 121,725 shares of the software maker’s stock worth $38,049,000 after buying an additional 2,223 shares in the last quarter. BLB&B Advisors LLC lifted its holdings in shares of Cadence Design Systems by 1.2% in the fourth quarter. BLB&B Advisors LLC now owns 52,250 shares of the software maker’s stock worth $16,332,000 after buying an additional 641 shares in the last quarter. Bridgewater Advisors Inc. lifted its holdings in shares of Cadence Design Systems by 3.0% in the fourth quarter. Bridgewater Advisors Inc. now owns 1,233 shares of the software maker’s stock worth $384,000 after buying an additional 36 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Cadence Design Systems by 34.4% in the fourth quarter. Farther Finance Advisors LLC now owns 7,779 shares of the software maker’s stock worth $2,432,000 after buying an additional 1,990 shares in the last quarter. Finally, Bingham Private Wealth LLC purchased a new position in shares of Cadence Design Systems in the fourth quarter worth $459,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Insider Buying and Selling at Cadence Design Systems

In related news, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $280.19, for a total value of $280,190.00. Following the sale, the vice president owned 128,586 shares in the company, valued at approximately $36,028,511.34. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total transaction of $53,105.40. Following the completion of the sale, the director owned 7,470 shares in the company, valued at $2,203,874.10. This represents a 2.35% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,185 shares of company stock worth $927,728 in the last 90 days. 0.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CDNS has been the topic of several research analyst reports. Morgan Stanley lowered their target price on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Needham & Company LLC reissued a “buy” rating and issued a $390.00 target price on shares of Cadence Design Systems in a report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 target price on shares of Cadence Design Systems in a report on Wednesday, February 18th. Rosenblatt Securities reissued a “buy” rating and issued a $360.00 target price on shares of Cadence Design Systems in a report on Thursday, February 26th. Finally, Wells Fargo & Company lowered their target price on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Fifteen analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $376.50.

Cadence Design Systems Trading Up 0.9%

Shares of CDNS opened at $306.96 on Friday. The company’s fifty day moving average is $290.26 and its 200 day moving average is $310.82. Cadence Design Systems, Inc. has a fifty-two week low of $247.70 and a fifty-two week high of $376.45. The stock has a market capitalization of $84.75 billion, a PE ratio of 75.61, a P/E/G ratio of 3.66 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86.

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, topping the consensus estimate 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 company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business posted $1.88 earnings per share. Cadence Design Systems’s quarterly 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. Sell-side analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

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.