5,297 Shares in Cadence Design Systems, Inc. $CDNS Acquired by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management acquired 5,297 Cadence Design Systems shares worth approximately $1.99 million in the second quarter. Institutional investors collectively own 84.85% of CDNS.
• Cadence reported quarterly EPS of $2.11, beating estimates by $0.06, while revenue reached $1.58 billion, up 24.2% year over year. The company issued fiscal 2026 EPS guidance of $8.05–$8.15.
• Wall Street remains broadly positive, with 13 analysts rating CDNS a Buy and three a Hold; the consensus target price is $405.69 versus a recent share price of $323.47. Insiders sold approximately $54.3 million of stock over the past three months.

Flputnam Investment Management Co. bought a new stake in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,297 shares of the software maker's stock, valued at approximately $1,988,000.

Several other large investors also recently added to or reduced their stakes in the business. Avalon Trust Co acquired a new position in shares of Cadence Design Systems during the 2nd quarter valued at about $30,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Cadence Design Systems in the 4th quarter worth approximately $28,000. Arlington Trust Co LLC boosted its position in Cadence Design Systems by 154.3% during the second quarter. Arlington Trust Co LLC now owns 89 shares of the software maker's stock worth $33,000 after purchasing an additional 54 shares during the period. Imprint Wealth LLC acquired a new position in Cadence Design Systems during the third quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC grew its holdings in Cadence Design Systems by 933.3% during the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker's stock valued at $26,000 after purchasing an additional 84 shares during the last quarter. 84.85% of the stock is owned by institutional investors.

Cadence Design Systems Price Performance

Shares of CDNS stock opened at $323.47 on Tuesday. The stock's fifty day moving average is $359.31 and its 200-day moving average is $331.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. The stock has a market capitalization of $89.08 billion, a PE ratio of 64.31, a PEG ratio of 3.49 and a beta of 1.15. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on CDNS. Bank of America lifted their target price on shares of Cadence Design Systems from $400.00 to $420.00 and gave the stock a "buy" rating in a report on Tuesday, July 28th. Stifel Nicolaus raised their price target 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. Berenberg Bank set a $440.00 target price on Cadence Design Systems in a research note on Wednesday, May 27th. Rosenblatt Securities raised their target price on Cadence Design Systems from $410.00 to $420.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Finally, Weiss Ratings upgraded Cadence Design Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $405.69.

Insider Transactions at Cadence Design Systems

In related news, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $391.00, for a total value of $782,000.00. Following the completion of the sale, the vice president directly owned 126,586 shares in the company, valued at $49,495,126. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 7,081 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $393.91, for a total value of $2,789,276.71. Following the sale, the vice president directly owned 32,181 shares of the company's stock, valued at $12,676,417.71. This represents a 18.04% 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 three months, insiders sold 139,486 shares of company stock worth $54,262,177. Corporate insiders own 0.49% of the company's stock.

Cadence Design Systems Profile

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.

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