Cadence Design Systems, Inc. $CDNS Shares Bought by Rakuten Investment Management Inc.

Posted by Stanley Muller on Nov 4th, 2026

Rakuten Investment Management Inc. lifted its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS – Free Report) by 10.3% in the third quarter, HoldingsChannel reports. The fund owned 73,347 shares of the software maker’s stock after purchasing an additional 6,877 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Cadence Design Systems were worth $23,777,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CDNS. Van ECK Associates Corp raised its stake in shares of Cadence Design Systems by 21.8% in the 2nd quarter. Van ECK Associates Corp now owns 4,889,765 shares of the software maker’s stock worth $1,835,227,000 after buying an additional 874,392 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Cadence Design Systems by 1.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,385,655 shares of the software maker’s stock valued at $1,270,704,000 after acquiring an additional 48,937 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Cadence Design Systems by 1,097.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,818,141 shares of the software maker’s stock valued at $930,522,000 after purchasing an additional 2,582,812 shares in the last quarter. Legal & General Group Plc bought a new position in shares of Cadence Design Systems during the 2nd quarter valued at about $702,615,000. Finally, Jupiter Topco LLC bought a new position in shares of Cadence Design Systems during the 2nd quarter valued at about $688,746,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ita Brennan sold 180 shares of the stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $285.51, for a total value of $51,391.80. Following the completion of the sale, the director directly owned 7,824 shares of the company’s stock, valued at approximately $2,233,830.24. This represents a 2.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of Cadence Design Systems stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $350.07, for a total value of $437,587.50. Following the transaction, the director directly owned 39,544 shares in the company, valued at approximately $13,843,168.08. This trade represents a 3.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,960 shares of company stock valued at $2,834,139 in the last 90 days. Insiders own 0.49% of the company’s stock.

Cadence Design Systems Price Performance

CDNS opened at $323.75 on Wednesday. The stock has a fifty day moving average of $320.90 and a 200-day moving average of $327.36. The firm has a market capitalization of $88.83 billion, a P/E ratio of 64.36, a PEG ratio of 3.12 and a beta of 1.10. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $416.69. The company has a quick ratio of 1.18, a current ratio of 1.36 and a debt-to-equity ratio of 0.29.

Cadence Design Systems (NASDAQ:CDNS – Get Free Report) last issued its earnings results on Monday, October 26th. The software maker reported $2.11 EPS for the quarter, topping the consensus estimate of $2.05 by $0.06. Cadence Design Systems had a return on equity of 26.56% and a net margin of 22.51%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.61 billion. During the same quarter last year, the firm posted $1.93 earnings per share. Cadence Design Systems’s revenue was up 22.0% compared to the same quarter last year. Equities analysts forecast that Cadence Design Systems, Inc. will post 6.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CDNS. Rosenblatt Securities reissued a “buy” rating and set a $420.00 target price on shares of Cadence Design Systems in a research note on Friday, October 23rd. FBN Securities started coverage on Cadence Design Systems in a report on Friday, September 11th. They issued an “outperform” rating and a $375.00 target price on the stock. Wall Street Zen raised Cadence Design Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, October 28th. Benchmark restated a “buy” rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Finally, Mizuho set a $400.00 price objective on shares of Cadence Design Systems in a research note on Tuesday, October 27th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $410.05.

Read Our Latest Stock Analysis on CDNS

Cadence Design Systems Company Profile

(Free Report)

Cadence Design Systems, Inc develops computational software, hardware, and semiconductor intellectual property used to design and verify electronic systems and integrated circuits. Its electronic design automation (EDA) solutions support chip development across areas such as digital and custom IC design, functional verification, emulation, prototyping, and system analysis.

The company also provides semiconductor IP, including processor cores, interconnect technologies, memory interfaces, and other building blocks that help customers develop complex chips.