ASR Vermogensbeheer N.V. Buys 3,702 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• ASR Vermogensbeheer N.V. increased its Cadence Design Systems stake by 19.2% in the fourth quarter, buying 3,702 additional shares and bringing its total holdings to 22,976 shares worth about $7.18 million.
• Wall Street sentiment remains positive, with 14 analysts rating CDNS a Buy and three a Hold; the consensus rating is Moderate Buy, and the average target price is $380.59.
• Cadence reported better-than-expected quarterly results, posting $1.96 EPS on revenue of $1.47 billion, while also issuing FY2026 guidance of 7.85 to 7.95 EPS.

ASR Vermogensbeheer N.V. grew its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 19.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,976 shares of the software maker's stock after purchasing an additional 3,702 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Cadence Design Systems were worth $7,182,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CDNS. Peterson Wealth Services lifted 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 worth $65,726,000 after buying an additional 175,430 shares during the period. Thrivent Financial for Lutherans raised its position in Cadence Design Systems by 301.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker's stock worth $17,563,000 after buying an additional 37,558 shares during the last quarter. DDD Partners LLC lifted its stake in Cadence Design Systems by 27.4% during the 4th quarter. DDD Partners LLC now owns 41,968 shares of the software maker's stock valued at $13,118,000 after acquiring an additional 9,024 shares during the period. Sun Financial Inc purchased a new stake in shares of Cadence Design Systems in the 4th quarter valued at $1,225,000. Finally, Rakuten Investment Management Inc. acquired a new stake in shares of Cadence Design Systems in the third quarter worth $5,806,000. 84.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on CDNS shares. Rosenblatt Securities restated a "buy" rating and set a $360.00 target price on shares of Cadence Design Systems in a research report on Friday, April 24th. Piper Sandler lifted their price objective on Cadence Design Systems from $319.00 to $325.00 and gave the company a "neutral" rating in a research note on Tuesday, April 28th. Robert W. Baird boosted their price objective on Cadence Design Systems from $381.00 to $385.00 and gave the company an "outperform" rating in a report on Tuesday, April 28th. Citigroup raised their target price on Cadence Design Systems from $385.00 to $400.00 and gave the stock a "buy" rating in a report on Wednesday, April 29th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $400.00 price target on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $380.59.

Insider Buying and Selling

In other news, Director Ita M. Brennan sold 180 shares of the business's stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total transaction of $53,105.40. Following the completion of the transaction, the director directly owned 7,470 shares of the company's stock, valued at approximately $2,203,874.10. The trade was a 2.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the vice president owned 94,137 shares of the company's stock, valued at $28,032,115.86. This trade represents a 1.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 40,180 shares of company stock worth $12,924,790. 0.49% of the stock is owned by corporate insiders.

Cadence Design Systems Price Performance

CDNS opened at $362.70 on Friday. The stock's 50-day moving average price is $300.45 and its 200 day moving average price is $309.70. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $376.45. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The firm has a market cap of $100.04 billion, a price-to-earnings ratio of 84.55, a PEG ratio of 4.23 and a beta of 1.13.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.05. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period in the prior year, the firm earned $1.57 earnings per share. The business's revenue for the quarter was up 18.6% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. As a group, sell-side analysts expect that Cadence Design Systems, Inc. will post 6.22 earnings per share for the current year.

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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