Cadence Design Systems, Inc. $CDNS Shares Bought by Holocene Advisors LP

Key Points

• Holocene Advisors raised its Cadence stake by 7.1%, buying 15,650 shares to hold 237,480 shares worth about $83.4 million.
• The stock has a consensus "Moderate Buy" from analysts (15 Buy, 3 Hold) with an average price target of $376.50.
• Cadence beat quarterly estimates with $1.99 EPS (vs. $1.91 est.) and $1.44B revenue (+6.2% YoY) and set FY2026 guidance of $8.05–$8.15 EPS.

Holocene Advisors LP raised its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 7.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 237,480 shares of the software maker's stock after buying an additional 15,650 shares during the quarter. Holocene Advisors LP owned about 0.09% of Cadence Design Systems worth $83,417,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Occidental Asset Management LLC boosted its position in Cadence Design Systems by 2.3% during the third quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker's stock worth $464,000 after acquiring an additional 30 shares during the last quarter. Whittier Trust Co. raised its holdings in Cadence Design Systems by 0.4% in the 3rd quarter. Whittier Trust Co. now owns 7,072 shares of the software maker's stock valued at $2,456,000 after acquiring an additional 30 shares during the last quarter. Cornerstone Wealth Group LLC lifted its stake in Cadence Design Systems by 4.3% in the 3rd quarter. Cornerstone Wealth Group LLC now owns 777 shares of the software maker's stock worth $273,000 after purchasing an additional 32 shares in the last quarter. KRS Capital Management LLC boosted its holdings in shares of Cadence Design Systems by 1.4% during the 3rd quarter. KRS Capital Management LLC now owns 2,425 shares of the software maker's stock worth $852,000 after purchasing an additional 33 shares during the last quarter. Finally, Kathmere Capital Management LLC grew its position in shares of Cadence Design Systems by 1.4% in the third quarter. Kathmere Capital Management LLC now owns 2,336 shares of the software maker's stock valued at $821,000 after purchasing an additional 33 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CDNS has been the topic of a number of analyst reports. Oppenheimer upgraded Cadence Design Systems from an "underperform" rating to a "market perform" rating and set a $275.00 price objective on the stock in a research report on Monday, December 1st. Piper Sandler dropped their target price on Cadence Design Systems from $355.00 to $319.00 and set a "neutral" rating for the company in a report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research note on Wednesday, February 18th. Weiss Ratings reiterated a "hold (c)" rating on shares of Cadence Design Systems in a report on Monday, December 29th. Finally, Needham & Company LLC reissued a "buy" rating and set a $390.00 price target on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $376.50.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the company's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $297.78, for a total value 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 represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 3,005 shares of company stock valued at $910,133. 1.99% of the stock is currently owned by insiders.

Cadence Design Systems Trading Up 2.0%

Shares of Cadence Design Systems stock opened at $292.72 on Tuesday. The stock has a 50 day moving average of $301.77 and a 200 day moving average of $321.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86. The firm has a market capitalization of $79.81 billion, a price-to-earnings ratio of 72.10, a PEG ratio of 3.45 and a beta of 1.00. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45.

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 company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the previous year, the business earned $1.88 earnings per share. The company's revenue for the quarter 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. As a group, research analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

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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