6,380 Shares of Cadence Design Systems, Inc. $CDNS Acquired by Cantor Fitzgerald Investment Advisors L.P.

Key Points

• Cantor Fitzgerald Investment Advisors acquired 6,380 Cadence Design Systems shares worth approximately $2.1 million in the third quarter. Institutional investors collectively own 84.85% of CDNS.
• Cadence reported quarterly EPS of $2.11, exceeding the $2.05 consensus estimate, while revenue rose 24.2% year over year to $1.58 billion. Management issued FY 2026 EPS guidance of $8.05–$8.15.
• Analysts maintain a generally bullish outlook, with a consensus “Moderate Buy” rating and average price target of $404.14 versus the stock’s reported $326.07 price; insiders sold 8,960 shares worth $2.83 million over the past three months.

Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,380 shares of the software maker's stock, valued at approximately $2,107,000.

Several other hedge funds also recently modified their holdings of CDNS. Van ECK Associates Corp raised its holdings in Cadence Design Systems by 21.8% during the second quarter. Van ECK Associates Corp now owns 4,889,765 shares of the software maker's stock worth $1,835,227,000 after acquiring an additional 874,392 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Cadence Design Systems by 1.5% during 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 worth $1,270,704,000 after purchasing an additional 48,937 shares during the last quarter. Assenagon Asset Management S.A. increased 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 worth $930,522,000 after purchasing an additional 2,582,812 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Cadence Design Systems during the 2nd quarter worth approximately $702,615,000. Finally, Jupiter Topco LLC bought a new stake in shares of Cadence Design Systems during the 2nd quarter worth approximately $688,746,000. Institutional investors own 84.85% of the company's stock.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $326.07 on Thursday. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $416.69. The company has a market capitalization of $89.80 billion, a price-to-earnings ratio of 64.83, a PEG ratio of 3.42 and a beta of 1.13. The company has a 50-day simple moving average of $318.64 and a 200 day simple moving average of $340.27. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74.

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 for the quarter, beating the consensus estimate 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 was up 24.2% on a year-over-year basis. During the same period in the prior 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. On average, sell-side analysts predict that Cadence Design Systems, Inc. will post 6.41 earnings per share for the current year.

Insider Transactions at Cadence Design Systems

In related news, VP Paul Scannell sold 280 shares of Cadence Design Systems stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $339.00, for a total transaction of $94,920.00. Following the completion of the sale, the vice president directly owned 31,720 shares of the company's stock, valued at approximately $10,753,080. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of Cadence Design Systems stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of $277.12, for a total value of $554,240.00. Following the sale, the vice president directly owned 121,793 shares of the company's stock, valued at approximately $33,751,276.16. The trade was a 1.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,960 shares of company stock worth $2,834,139 over the last three months. Company insiders own 0.49% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CDNS shares. Robert W. Baird increased their price objective on Cadence Design Systems from $415.00 to $420.00 and gave the company an "outperform" rating in a report on Tuesday, July 28th. FBN Securities initiated coverage on shares of Cadence Design Systems in a report on Friday, September 11th. They set an "outperform" rating and a $375.00 target price on the stock. KeyCorp restated an "overweight" rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Weiss Ratings lowered shares of Cadence Design Systems from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, September 25th. Finally, The Goldman Sachs Group increased their price target on shares of Cadence Design Systems from $410.00 to $470.00 and gave the company a "buy" rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $404.14.

Cadence Design Systems Company Profile

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.

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