B. Metzler seel. Sohn & Co. AG Takes $9.02 Million Position in Cadence Design Systems, Inc. $CDNS

Key Points

• B. Metzler seel. Sohn & Co. AG initiated a roughly $9.02 million position in Cadence Design Systems during the second quarter by purchasing 24,037 shares. Institutional investors collectively own 84.85% of the company.
• 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. The company issued fiscal 2026 EPS guidance of $8.05–$8.15.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus rating and an average price target of $405.69 versus the reported share price of $313.59. However, insiders sold $35.7 million of stock over the past three months.

B. Metzler seel. Sohn & Co. AG purchased a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 24,037 shares of the software maker's stock, valued at approximately $9,022,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC increased its holdings in Cadence Design Systems by 80.2% in the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker's stock valued at $456,000 after purchasing an additional 676 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in Cadence Design Systems by 3.8% in the first quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker's stock valued at $560,000 after purchasing an additional 80 shares in the last quarter. Thompson Davis & CO. Inc. bought a new stake in Cadence Design Systems in the second quarter valued at approximately $205,000. NewEdge Advisors LLC raised its holdings in Cadence Design Systems by 39.3% in the second quarter. NewEdge Advisors LLC now owns 34,787 shares of the software maker's stock worth $10,720,000 after purchasing an additional 9,807 shares during the period. Finally, Glenview Trust co acquired a new stake in Cadence Design Systems in the second quarter worth $226,000. 84.85% of the stock is owned by institutional investors.

Cadence Design Systems Price Performance

NASDAQ:CDNS opened at $313.59 on Friday. The stock's 50-day simple moving average is $355.01 and its 200 day simple moving average is $331.34. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $416.69. 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 company has a market cap of $86.36 billion, a P/E ratio of 62.34, a P/E/G ratio of 3.38 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the firm earned $1.65 EPS. The business's quarterly revenue was up 24.2% on a year-over-year basis. 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. As a group, sell-side analysts forecast that Cadence Design Systems, Inc. will post 6.4 EPS for the current fiscal year.

Insider Activity at Cadence Design Systems

In related news, VP Paul Scannell sold 7,081 shares of Cadence Design Systems stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the completion of the sale, the vice president owned 32,181 shares of the company's stock, valued at approximately $12,676,417.71. The trade was a 18.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the business's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $387.45, for a total value of $69,741.00. Following the sale, the director owned 8,004 shares of the company's stock, valued at approximately $3,101,149.80. This represents a 2.20% decrease in their position. 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 89,599 shares of company stock worth $35,710,627 in the last three months. 0.49% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CDNS. Berenberg Bank set a $440.00 price target on shares of Cadence Design Systems in a report on Wednesday, May 27th. Needham & Company LLC reiterated a "buy" rating and set a $400.00 target price on shares of Cadence Design Systems in a report on Tuesday, July 28th. Citigroup boosted their target price on Cadence Design Systems from $400.00 to $420.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Morgan Stanley reaffirmed an "overweight" rating and issued a $400.00 price target on shares of Cadence Design Systems in a research note on Wednesday, July 29th. Finally, Oppenheimer reiterated a "market perform" rating and issued a $300.00 price target on shares of Cadence Design Systems in a report on Tuesday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Cadence Design Systems has a consensus rating of "Moderate Buy" and a consensus target price of $405.69.

About Cadence Design Systems

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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