Achmea Investment Management B.V. Buys New Shares in Cadence Design Systems, Inc. $CDNS

Key Points

• Achmea Investment Management B.V. bought a new position of 144,041 shares in Cadence Design Systems (CDNS) worth about $50.6 million, and institutional investors now own roughly 84.85% of the company.
• Cadence beat expectations with quarterly EPS of $1.99 (vs. $1.91 est.) and revenue of $1.44B (vs. $1.42B), and issued Q1 2026 guidance of 1.890–1.950 EPS and FY2026 guidance of 8.050–8.150 EPS.
• Wall Street consensus is a “Moderate Buy” on CDNS with a consensus price target of $376.50 (15 Buys, 3 Holds), though individual targets range from about $275 to $395.

Achmea Investment Management B.V. acquired a new position in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 144,041 shares of the software maker's stock, valued at approximately $50,596,000. Achmea Investment Management B.V. owned approximately 0.05% of Cadence Design Systems at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Peterson Wealth Services boosted its stake in shares of Cadence Design Systems by 1,501.3% during the third quarter. Peterson Wealth Services now owns 187,115 shares of the software maker's stock valued at $65,726,000 after purchasing an additional 175,430 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Cadence Design Systems by 83.3% during the 3rd quarter. Pacer Advisors Inc. now owns 182,348 shares of the software maker's stock valued at $64,052,000 after purchasing an additional 82,856 shares in the last quarter. Stanley Laman Group Ltd. purchased a new position in shares of Cadence Design Systems during the 3rd quarter worth approximately $6,177,000. Patton Fund Management Inc. grew its stake in Cadence Design Systems by 1,743.7% in the third quarter. Patton Fund Management Inc. now owns 13,994 shares of the software maker's stock worth $4,916,000 after purchasing an additional 13,235 shares during the period. Finally, Westerkirk Capital Inc. bought a new position in shares of Cadence Design Systems in the 2nd quarter worth about $2,024,000. 84.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CDNS shares. Morgan Stanley reduced their price objective on Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating for the company in a research report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 price objective on shares of Cadence Design Systems in a report on Wednesday, February 18th. Citigroup initiated coverage on Cadence Design Systems in a report on Monday, November 24th. They issued a "buy" rating and a $385.00 target price on the stock. Oppenheimer upgraded shares of Cadence Design Systems from an "underperform" rating to a "market perform" rating and set a $275.00 price target on the stock in a research note on Monday, December 1st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Cadence Design Systems currently has a consensus rating of "Moderate Buy" and a consensus price target of $376.50.

Cadence Design Systems Stock Performance

CDNS opened at $293.75 on Wednesday. The firm has a fifty day moving average price of $301.35 and a 200 day moving average price of $321.11. 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 1 year low of $221.56 and a 1 year high of $376.45. The stock has a market cap of $80.09 billion, a P/E ratio of 72.35, a P/E/G ratio of 3.51 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.91 by $0.08. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same period last year, the firm earned $1.88 EPS. The company's quarterly revenue was up 6.2% on a year-over-year basis. 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 anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total transaction of $297,780.00. Following the completion of the sale, the vice president directly owned 94,137 shares in the company, valued at approximately $28,032,115.86. The trade was a 1.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders sold 3,005 shares of company stock valued at $910,133. Insiders own 0.37% of the company's stock.

Cadence Design Systems Company 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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