Xponance LLC Boosts Stock Holdings in Cadence Design Systems, Inc. $CDNS

Posted by Brian Himes on Jun 12th, 2026

Xponance LLC grew its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) by 4.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 76,058 shares of the software maker’s stock after purchasing an additional 3,562 shares during the period. Xponance LLC’s holdings in Cadence Design Systems were worth $23,774,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new position in Cadence Design Systems during the third quarter valued at approximately $26,000. Caitlin John LLC bought a new position in Cadence Design Systems during the third quarter valued at approximately $29,000. Imprint Wealth LLC bought a new position in Cadence Design Systems during the third quarter valued at approximately $31,000. Lodestone Wealth Management LLC bought a new position in Cadence Design Systems in the fourth quarter worth approximately $30,000. Finally, JPL Wealth Management LLC bought a new position in Cadence Design Systems in the third quarter worth approximately $35,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Stock Performance

Shares of NASDAQ CDNS opened at $383.74 on Friday. The firm has a fifty day moving average price of $342.23 and a 200-day moving average price of $318.27. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32. The stock has a market cap of $105.84 billion, a PE ratio of 89.45, a price-to-earnings-growth ratio of 4.56 and a beta of 1.15. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69.

Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the company posted $1.57 EPS. The firm’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. Equities analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CDNS. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Citigroup increased their price target on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Robert W. Baird increased their price target on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 28th. KeyCorp increased 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, Stifel Nicolaus increased their price target on shares of Cadence Design Systems from $395.00 to $432.00 and gave the stock a “buy” rating in a research report on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Cadence Design Systems currently has an average rating of “Moderate Buy” and a consensus target price of $386.59.

Read Our Latest Research Report on CDNS

Insider Activity at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Scannell sold 10,500 shares of Cadence Design Systems stock in a transaction on Friday, May 1st. The shares were sold at an average price of $339.00, for a total value of $3,559,500.00. Following the sale, the vice president directly owned 33,946 shares in the company, valued at approximately $11,507,694. The trade was a 23.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anirudh Devgan sold 51,887 shares of Cadence Design Systems stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $370.00, for a total transaction of $19,198,190.00. Following the completion of the sale, the chief executive officer owned 303,525 shares in the company, valued at approximately $112,304,250. This represents a 14.60% 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. Insiders sold a total of 176,046 shares of company stock worth $65,830,801 over the last ninety days. 0.49% of the stock is owned by corporate insiders.

About Cadence Design Systems

(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.