Cadence Design Systems, Inc. $CDNS Shares Sold by Formuepleje A S

Key Points

• Formuepleje A S cut its Cadence Design Systems stake by 68.1% in the second quarter, selling 14,682 shares and retaining 6,885 shares valued at approximately $2.6 million. Institutional investors collectively own 84.85% of CDNS.
• Cadence exceeded quarterly earnings expectations, reporting $2.11 in EPS versus the $2.05 consensus, while revenue rose 24.2% year over year to $1.58 billion. The company issued fiscal 2026 EPS guidance of $8.05–$8.15.
• Wall Street remains broadly positive, with 13 analysts rating the stock Buy and three rating it Hold; the consensus is Moderate Buy with a $405.69 price target. CDNS recently opened at $292.70, well below its 52-week high of $416.69.

Formuepleje A S decreased its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 68.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,885 shares of the software maker's stock after selling 14,682 shares during the period. Formuepleje A S's holdings in Cadence Design Systems were worth $2,584,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. California State Teachers Retirement System boosted its holdings in shares of Cadence Design Systems by 37,856.6% in the 2nd quarter. California State Teachers Retirement System now owns 154,968,502 shares of the software maker's stock valued at $58,162,778,000 after purchasing an additional 154,560,224 shares during the last quarter. State Street Corp increased its holdings in shares of Cadence Design Systems by 1.1% during the 4th quarter. State Street Corp now owns 12,603,368 shares of the software maker's stock worth $3,939,561,000 after buying an additional 135,206 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cadence Design Systems by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 7,627,272 shares of the software maker's stock worth $2,378,707,000 after buying an additional 92,152 shares during the period. Van ECK Associates Corp raised its position in shares of Cadence Design Systems by 21.8% in the 2nd quarter. Van ECK Associates Corp now owns 4,889,765 shares of the software maker's stock worth $1,835,227,000 after buying an additional 874,392 shares during the period. Finally, Norges Bank acquired a new position in Cadence Design Systems in the fourth quarter valued at $1,352,922,000. Hedge funds and other institutional investors own 84.85% of the company's stock.

Cadence Design Systems Stock Performance

NASDAQ:CDNS opened at $292.70 on Monday. The stock has a market cap of $80.61 billion, a price-to-earnings ratio of 58.19, a price-to-earnings-growth ratio of 3.14 and a beta of 1.14. Cadence Design Systems, Inc. has a one year low of $262.75 and a one year 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 business's 50-day simple moving average is $341.57 and its 200 day simple moving average is $334.06.

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 company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the previous year, the business earned $1.65 EPS. Cadence Design Systems'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. As a group, sell-side analysts predict that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

Insider Transactions at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the company's stock in a transaction dated Wednesday, June 10th. The shares were 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 in the company, valued at approximately $3,101,149.80. This represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $323.32, for a total transaction of $646,640.00. Following the transaction, the vice president directly owned 124,586 shares in the company, valued at $40,281,145.52. The trade was a 1.58% decrease in their position. 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 7,221 shares of company stock valued at $2,570,606 over the last ninety days. 0.49% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CDNS shares. Citigroup upped their price target on Cadence Design Systems from $400.00 to $420.00 and gave the stock a "buy" rating in a research note on Tuesday, July 28th. KeyCorp reaffirmed an "overweight" rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Piper Sandler boosted their target price on Cadence Design Systems from $325.00 to $349.00 and gave the stock a "neutral" rating in a report on Tuesday, July 28th. Needham & Company LLC reissued a "buy" rating and set a $400.00 target price on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Finally, Benchmark reaffirmed a "buy" rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and three have issued 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 $405.69.

Cadence Design Systems 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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