Cardinal Point Capital Management ULC Sells 2,585 Shares of Cadence Design Systems, Inc. $CDNS

Posted by Brenda Bartman on Jun 25th, 2026

Cardinal Point Capital Management ULC reduced its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) by 46.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,965 shares of the software maker’s stock after selling 2,585 shares during the period. Cardinal Point Capital Management ULC’s holdings in Cadence Design Systems were worth $824,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CDNS. Spirepoint Private Client LLC increased its position in Cadence Design Systems by 4.6% during the 4th quarter. Spirepoint Private Client LLC now owns 722 shares of the software maker’s stock worth $226,000 after purchasing an additional 32 shares in the last quarter. West Family Investments Inc. boosted its position in Cadence Design Systems by 2.2% in the third quarter. West Family Investments Inc. now owns 1,559 shares of the software maker’s stock valued at $548,000 after buying an additional 33 shares in the last quarter. Townsquare Capital LLC boosted its position in Cadence Design Systems by 3.6% in the fourth quarter. Townsquare Capital LLC now owns 977 shares of the software maker’s stock valued at $305,000 after buying an additional 34 shares in the last quarter. Pinnacle Associates Ltd. grew its stake in shares of Cadence Design Systems by 3.4% during the third quarter. Pinnacle Associates Ltd. now owns 1,079 shares of the software maker’s stock worth $379,000 after buying an additional 35 shares during the last quarter. Finally, Global Assets Advisory LLC grew its stake in shares of Cadence Design Systems by 2.1% during the fourth quarter. Global Assets Advisory LLC now owns 1,726 shares of the software maker’s stock worth $540,000 after buying an additional 35 shares during the last quarter. 84.85% of the stock is owned by institutional investors.

Insider Transactions at Cadence Design Systems

In other news, VP Paul Cunningham sold 2,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $391.00, for a total value of $782,000.00. Following the sale, the vice president directly owned 126,586 shares of the company’s stock, valued at approximately $49,495,126. This represents a 1.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anirudh Devgan sold 51,887 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $370.00, for a total transaction of $19,198,190.00. Following the sale, the chief executive officer owned 303,525 shares of the company’s stock, valued at approximately $112,304,250. This trade represents a 14.60% 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. In the last ninety days, insiders have sold 179,557 shares of company stock worth $67,205,642. Company insiders own 0.49% of the company’s stock.

Cadence Design Systems Price Performance

Shares of CDNS opened at $372.40 on Thursday. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. 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 company has a market capitalization of $102.72 billion, a price-to-earnings ratio of 86.81, a price-to-earnings-growth ratio of 4.49 and a beta of 1.15. The business has a 50-day moving average of $361.25 and a 200-day moving average of $322.76.

Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last announced its earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, beating the consensus estimate of $1.91 by $0.05. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The firm’s revenue was up 18.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. 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. As a group, equities research analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Robert W. Baird increased their price target on Cadence Design Systems from $381.00 to $385.00 and gave the company an “outperform” rating in a research note on Tuesday, April 28th. Citigroup boosted their price objective on Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 target price on shares of Cadence Design Systems in a report on Tuesday, April 28th. Stifel Nicolaus increased 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. Finally, Berenberg Bank set a $440.00 price target on Cadence Design Systems in a research note on Wednesday, May 27th. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Cadence Design Systems has an average rating of “Moderate Buy” and a consensus price target of $386.59.

Check Out Our Latest Stock Analysis on CDNS

Cadence Design Systems 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.