Resona Asset Management Co. Ltd. Has $27.36 Million Stock Position in Cadence Design Systems, Inc. $CDNS

Posted by Brian Himes on May 20th, 2026

Resona Asset Management Co. Ltd. trimmed its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) by 4.4% during the fourth quarter, Holdings Channel reports. The firm owned 87,271 shares of the software maker’s stock after selling 4,024 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Cadence Design Systems were worth $27,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CDNS. Assenagon Asset Management S.A. boosted its stake in shares of Cadence Design Systems by 120.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,124,417 shares of the software maker’s stock valued at $351,470,000 after purchasing an additional 615,440 shares in the last quarter. Scge Management L.P. acquired a new stake in shares of Cadence Design Systems in the 2nd quarter valued at $187,663,000. Invesco Ltd. boosted its stake in shares of Cadence Design Systems by 20.4% in the 3rd quarter. Invesco Ltd. now owns 2,942,746 shares of the software maker’s stock valued at $1,033,669,000 after purchasing an additional 499,009 shares in the last quarter. Close Asset Management Ltd boosted its stake in shares of Cadence Design Systems by 577.5% in the 3rd quarter. Close Asset Management Ltd now owns 566,679 shares of the software maker’s stock valued at $199,088,000 after purchasing an additional 483,039 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Cadence Design Systems in the 3rd quarter valued at $128,767,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Buying and Selling

In other news, VP Paul Scannell sold 10,500 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $339.00, for a total value of $3,559,500.00. Following the transaction, the vice president directly owned 33,946 shares in the company, valued at $11,507,694. This trade represents a 23.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 21,500 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $309.45, for a total value of $6,653,175.00. Following the completion of the transaction, the chief financial officer owned 86,875 shares in the company, valued at $26,883,468.75. This represents a 19.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 40,180 shares of company stock valued at $12,924,790 over the last 90 days. Company insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

CDNS has been the topic of several recent analyst reports. Citigroup boosted their target price on Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Morgan Stanley reduced their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. KeyCorp upped their price target on shares of Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $360.00 price target on shares of Cadence Design Systems in a research report on Friday, April 24th. Fourteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $380.59.

Get Our Latest Analysis on Cadence Design Systems

Cadence Design Systems Stock Down 2.3%

NASDAQ:CDNS opened at $338.12 on Wednesday. The stock’s fifty day moving average price is $308.79 and its two-hundred day moving average price is $310.50. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $376.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47. The company has a market cap of $93.26 billion, a price-to-earnings ratio of 78.82, a P/E/G ratio of 4.10 and a beta of 1.13.

Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.05. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the business earned $1.57 EPS. The business’s revenue for the quarter was up 18.6% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. On average, analysts anticipate that Cadence Design Systems, Inc. will post 6.23 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.