10,376 Cadence Design Systems, Inc. $CDNS Shares Bought by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB increased its Cadence Design Systems position by 65.7% in the third quarter, acquiring 10,376 shares and bringing its holdings to 26,160 shares valued at approximately $8.64 million. Institutional investors collectively own 84.85% of CDNS.
• Cadence reported quarterly earnings of $2.11 per share, beating estimates by $0.06, while revenue rose 24.2% year over year to $1.58 billion. The company provided fiscal 2026 EPS guidance of $8.05–$8.15.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $404.12, compared with the stock’s reported price of $351.35.

MassMutual Private Wealth & Trust FSB grew its position in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 65.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,160 shares of the software maker's stock after acquiring an additional 10,376 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Cadence Design Systems were worth $8,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Avalon Trust Co purchased a new position in shares of Cadence Design Systems in the 2nd quarter worth $30,000. Fiduciary Financial Advisors purchased a new stake in shares of Cadence Design Systems during the 2nd quarter valued at about $31,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of Cadence Design Systems in the 4th quarter valued at about $28,000. Arlington Trust Co LLC grew its position in Cadence Design Systems by 154.3% in the second quarter. Arlington Trust Co LLC now owns 89 shares of the software maker's stock worth $33,000 after acquiring an additional 54 shares in the last quarter. Finally, Burkett Financial Services LLC bought a new stake in Cadence Design Systems during the third quarter worth approximately $30,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

Cadence Design Systems Price Performance

NASDAQ:CDNS opened at $351.35 on Monday. The company has a market cap of $96.76 billion, a price-to-earnings ratio of 69.85, a price-to-earnings-growth ratio of 3.77 and a beta of 1.13. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $416.69. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The stock has a fifty day simple moving average of $317.93 and a 200-day simple moving average of $335.16.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.06. The firm had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The business's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 earnings per share. 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 anticipate that Cadence Design Systems, Inc. will post 6.4 EPS for the current year.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction on Monday, August 17th. The stock was sold at an average price of $323.32, for a total transaction of $646,640.00. Following the completion of the sale, the vice president directly owned 124,586 shares of the company's stock, valued at $40,281,145.52. The trade was a 1.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita Brennan sold 180 shares of the company's stock in a transaction on 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 owned 7,824 shares of the company's stock, valued at $2,233,830.24. This represents a 2.25% 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. Insiders sold 5,710 shares of company stock worth $1,748,292 in the last ninety days. 0.49% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CDNS has been the topic of a number of recent research reports. Morgan Stanley restated an "overweight" rating and set a $400.00 price objective on shares of Cadence Design Systems in a research report on Wednesday, July 29th. Piper Sandler lifted their target price on Cadence Design Systems from $325.00 to $349.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. FBN Securities assumed coverage on Cadence Design Systems in a research report on Friday, September 11th. They set an "outperform" rating and a $375.00 target price on the stock. Stifel Nicolaus raised their price target on Cadence Design Systems from $395.00 to $432.00 and gave the stock a "buy" rating in a research report on Tuesday, June 9th. Finally, Wall Street Zen lowered shares of Cadence Design Systems from a "buy" rating to a "hold" rating in a research note on Sunday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $404.12.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company's offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.

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