Cadence Design Systems, Inc. $CDNS Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Cadence Design Systems holdings by 96.4% in the second quarter, selling 14,367 shares and retaining 535 shares valued at approximately $201,000. Institutional investors collectively own 84.85% of CDNS.
• Cadence reported quarterly EPS of $2.11, exceeding estimates by $0.06, 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 positive outlook, with a consensus “Moderate Buy” rating and an average price target of $403.88 versus the stock’s recent price of $326.13. Insiders sold 5,710 shares worth $1.75 million over the past three months.

Engineers Gate Manager LP cut its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 96.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 535 shares of the software maker's stock after selling 14,367 shares during the period. Engineers Gate Manager LP's holdings in Cadence Design Systems were worth $201,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CDNS. George Kaiser Family Foundation acquired a new stake in Cadence Design Systems during the second quarter valued at approximately $725,000. MUFG Securities EMEA plc raised its holdings in shares of Cadence Design Systems by 113.9% in the 4th quarter. MUFG Securities EMEA plc now owns 11,159 shares of the software maker's stock worth $3,488,000 after buying an additional 5,943 shares in the last quarter. Vega Investment Solutions bought a new position in shares of Cadence Design Systems during the 2nd quarter worth approximately $1,957,000. Harvest Fund Management Co. Ltd lifted its position in shares of Cadence Design Systems by 16.7% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 21,945 shares of the software maker's stock worth $6,858,000 after buying an additional 3,133 shares during the period. Finally, Osmosis Investment Management UK Ltd acquired a new stake in Cadence Design Systems in the 2nd quarter valued at $5,238,000. 84.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $285.51, for a total value of $51,391.80. Following the transaction, the director owned 7,824 shares of the company's stock, valued at $2,233,830.24. This represents a 2.25% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $323.32, for a total value of $646,640.00. Following the completion of the transaction, the vice president owned 124,586 shares in the company, valued at $40,281,145.52. This represents a 1.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,710 shares of company stock valued at $1,748,292 in the last three months. Insiders own 0.49% of the company's stock.

Cadence Design Systems Stock Performance

CDNS stock opened at $326.13 on Monday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.53. The company has a 50 day moving average price of $317.64 and a 200 day moving average price of $333.57. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. The stock has a market capitalization of $89.81 billion, a PE ratio of 64.84, a price-to-earnings-growth ratio of 3.50 and a beta of 1.14.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) 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 the consensus estimate of $1.58 billion. During the same quarter in the prior year, the business earned $1.65 EPS. The business's revenue for the quarter was up 24.2% compared to the same quarter last year. 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. Analysts forecast that Cadence Design Systems, Inc. will post 6.4 EPS for the current year.

Wall Street Analyst Weigh In

CDNS has been the topic of a number of analyst reports. Citigroup upped their price target on Cadence Design Systems from $400.00 to $420.00 and gave the company a "buy" rating in a research report on Tuesday, July 28th. FBN Securities began coverage on shares of Cadence Design Systems in a report on Friday, September 11th. They issued an "outperform" rating and a $375.00 target price on the stock. Weiss Ratings cut shares of Cadence Design Systems from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday. Bank of America lifted their price target on shares of Cadence Design Systems from $400.00 to $420.00 and gave the company a "buy" rating in a report on Tuesday, July 28th. Finally, Benchmark restated a "buy" rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Cadence Design Systems presently has a consensus rating of "Moderate Buy" and a consensus target price of $403.88.

Cadence Design Systems Company Profile

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware and semiconductor intellectual property (IP). Its products help engineers design, verify and analyze integrated circuits, printed circuit boards and complete electronic systems.

The company offers solutions spanning digital and custom IC design, functional verification, digital and analog simulation, emulation and prototyping, system analysis, and 3D computational fluid dynamics.

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