6,020 Shares in Cadence Design Systems, Inc. $CDNS Purchased by Anchyra Partners LLC

Key Points

• Anchyra Partners initiated a new stake of 6,020 shares (~$1.88M) in Cadence Design Systems during Q4, and institutional investors now own about 84.85% of the stock.
• Several analysts trimmed price targets (Wells Fargo to $375, Morgan Stanley to $370, Piper Sandler to $319) but the consensus remains a “Moderate Buy” with an average target of $377.06, supported by expanding AI partnerships with TSMC, NVIDIA and Google.
• Insiders sold 24,680 shares (~$7.58M) in the past 90 days, including CFO John M. Wall’s 21,500-share sale under a Rule 10b5-1 plan; insiders now own just 0.49% of the company.

Anchyra Partners LLC acquired a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 6,020 shares of the software maker's stock, valued at approximately $1,882,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CDNS. Nippon Life Global Investors Americas Inc. grew its position in Cadence Design Systems by 8.6% during the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 3,650 shares of the software maker's stock worth $1,141,000 after purchasing an additional 290 shares in the last quarter. Aprio Wealth Management LLC boosted its position in shares of Cadence Design Systems by 23.6% in the fourth quarter. Aprio Wealth Management LLC now owns 1,049 shares of the software maker's stock worth $339,000 after buying an additional 200 shares during the period. D.A. Davidson & CO. grew its holdings in shares of Cadence Design Systems by 44.7% during the fourth quarter. D.A. Davidson & CO. now owns 4,953 shares of the software maker's stock valued at $1,548,000 after buying an additional 1,530 shares in the last quarter. Retirement Solution LLC purchased a new position in shares of Cadence Design Systems during the fourth quarter valued at $1,120,000. Finally, Kestra Private Wealth Services LLC raised its position in Cadence Design Systems by 2.8% during the fourth quarter. Kestra Private Wealth Services LLC now owns 17,375 shares of the software maker's stock valued at $5,431,000 after buying an additional 469 shares during the period. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CDNS has been the subject of several research analyst reports. Wells Fargo & Company reduced their price objective on Cadence Design Systems from $410.00 to $375.00 and set an "overweight" rating for the company in a research note on Wednesday, February 18th. Morgan Stanley dropped their target price on Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating on the stock in a report on Wednesday, February 18th. Weiss Ratings reissued a "hold (c)" rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Piper Sandler decreased their price target on shares of Cadence Design Systems from $355.00 to $319.00 and set a "neutral" rating for the company in a report on Wednesday, February 18th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $360.00 price objective on shares of Cadence Design Systems in a research report on Friday. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Cadence Design Systems presently has an average rating of "Moderate Buy" and an average price target of $377.06.

Cadence Design Systems News Summary

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Expanded TSMC alliance accelerates AI-focused chip design — A Cadence–TSMC tie-up targets advanced nodes, silicon-proven IP and AI-driven tools that should increase Cadence relevance to AI chip customers and support longer-term revenue growth. Cadence Expands TSMC Alliance
• Positive Sentiment: Deeper NVIDIA collaboration strengthens AI tool stack — Expanded Cadence–NVIDIA work on agentic AI and digital-twin solutions increases product stickiness with a major AI infrastructure partner, supporting higher-value, enterprise deployments. Cadence And NVIDIA Deepen AI Partnership
• Positive Sentiment: Google partnership expands cloud and agent integration — A tie-up with Google to optimize Cadence’s ChipStack AI Super-Agent on Gemini/Google Cloud broadens go-to-market channels and enterprise adoption potential. Alphabet Partners with Cadence
• Positive Sentiment: Analyst backing — Rosenblatt reaffirmed a “buy” rating and set a $360 price target, offering visible upside from current levels and adding confidence for momentum buyers. Analyst Note from Benzinga
• Positive Sentiment: Short interest trend mostly eased — April 15 data show a meaningful drop in short interest (~18% down to ~5.91M shares, ~2.2% of float), which reduces immediate downside pressure from short covering events. (Internal data)
• Neutral Sentiment: Earnings preview/expectations mixed — Pre-earnings commentary highlights strong AI-driven demand and backlog but flags macro and competitive risks; Rosenblatt expects a revenue beat but a potential EPS miss, implying the print could spark volatility either way. Earnings Preview
• Neutral Sentiment: Conflicting/erroneous short-interest report — One April data entry shows zero short interest (likely a reporting error), so treat intraday short-interest signals as uncertain until official filings settle. (Internal data)
• Negative Sentiment: Recent intraday sell-off shows investor caution — CDNS fell ~5% on April 23, indicating profit-taking or pre-earnings risk that could continue if the upcoming quarterly report disappoints or guidance is conservative. Intraday Drop Coverage

Insider Transactions at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total transaction of $53,105.40. Following the transaction, the director owned 7,470 shares in the company, valued at $2,203,874.10. This represents a 2.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John M. Wall sold 21,500 shares of Cadence Design Systems stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $309.45, for a total transaction of $6,653,175.00. Following the completion of the sale, the chief financial officer directly owned 86,875 shares of the company's stock, valued at approximately $26,883,468.75. The trade was a 19.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 24,680 shares of company stock worth $7,579,340 in the last 90 days. 0.49% of the stock is owned by insiders.

Cadence Design Systems Price Performance

CDNS opened at $332.89 on Monday. The company has a market capitalization of $91.91 billion, a PE ratio of 81.99, a price-to-earnings-growth ratio of 4.00 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $376.45. The business has a 50-day moving average of $293.73 and a 200-day moving average of $309.14.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, beating the consensus estimate of $1.91 by $0.08. The business had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 EPS. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. Equities research analysts forecast that Cadence Design Systems, Inc. will post 6.51 EPS for the current fiscal year.

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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