Czech National Bank Has $29.47 Million Stake in Cadence Design Systems, Inc. $CDNS

Posted by Francis Steltz on Aug 7th, 2026

Czech National Bank increased its position in Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,508 shares of the software maker’s stock after purchasing an additional 4,375 shares during the period. Czech National Bank’s holdings in Cadence Design Systems were worth $29,466,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CDNS. MUFG Securities EMEA plc boosted its stake in Cadence Design Systems by 113.9% during the 4th quarter. MUFG Securities EMEA plc now owns 11,159 shares of the software maker’s stock valued at $3,488,000 after purchasing an additional 5,943 shares during the last quarter. Sun Financial Inc purchased a new stake in shares of Cadence Design Systems in the fourth quarter worth approximately $1,225,000. DDD Partners LLC lifted its holdings in shares of Cadence Design Systems by 27.4% in the fourth quarter. DDD Partners LLC now owns 41,968 shares of the software maker’s stock valued at $13,118,000 after purchasing an additional 9,024 shares in the last quarter. Leonteq Securities AG purchased a new position in shares of Cadence Design Systems during the fourth quarter valued at approximately $1,105,000. Finally, PNC Financial Services Group Inc. boosted its position in shares of Cadence Design Systems by 1.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 369,717 shares of the software maker’s stock valued at $115,566,000 after buying an additional 3,562 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Activity

In other Cadence Design Systems news, CEO Anirudh Devgan sold 51,887 shares of Cadence Design Systems stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 303,525 shares of the company’s stock, valued at $112,304,250. The trade was a 14.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 7,081 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the sale, the vice president directly owned 32,181 shares in the company, valued at $12,676,417.71. This trade represents a 18.04% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 140,557 shares of company stock valued at $54,631,737. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. KeyCorp reissued an “overweight” rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Benchmark reaffirmed a “buy” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Rosenblatt Securities upped their target price on shares of Cadence Design Systems from $410.00 to $420.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Oppenheimer reiterated a “market perform” rating and issued a $300.00 target price on shares of Cadence Design Systems in a report on Tuesday, July 28th. Finally, Needham & Company LLC reissued a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Thirteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $405.69.

Get Our Latest Stock Report on Cadence Design Systems

Cadence Design Systems Stock Up 0.4%

Shares of NASDAQ:CDNS opened at $338.42 on Friday. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. The company has a market capitalization of $93.20 billion, a PE ratio of 67.28, a price-to-earnings-growth ratio of 3.62 and a beta of 1.15. The business has a fifty day moving average price of $369.35 and a two-hundred day moving average price of $330.60. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.53.

Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, topping 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%. The firm’s quarterly revenue was up 24.2% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Analysts forecast that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current year.

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.