Corient Private Wealth LP Sells 41,252 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• Corient Private Wealth reduced its Cadence Design Systems stake by 35.8% in the second quarter, selling 41,252 shares and retaining 73,839 shares valued at approximately $27.7 million. Institutional investors collectively own 84.85% of the company.
• Cadence reported quarterly earnings of $2.11 per share, 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.
• Analyst sentiment remains positive, with 14 Buy ratings and three Holds; the stock has a “Moderate Buy” consensus rating and an average price target of $403.88, despite recent insider sales and shares opening at $289.37.

Corient Private Wealth LP lessened its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 35.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,839 shares of the software maker's stock after selling 41,252 shares during the quarter. Corient Private Wealth LP's holdings in Cadence Design Systems were worth $27,713,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. California State Teachers Retirement System increased its holdings in shares of Cadence Design Systems by 37,856.6% in the second 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 in the last quarter. State Street Corp boosted its position in Cadence Design Systems by 1.1% in the 4th quarter. State Street Corp now owns 12,603,368 shares of the software maker's stock valued at $3,939,561,000 after buying an additional 135,206 shares during the last quarter. Geode Capital Management LLC increased its stake 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 valued at $2,378,707,000 after buying an additional 92,152 shares during the period. Van ECK Associates Corp increased its stake 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 valued at $1,835,227,000 after buying an additional 874,392 shares during the period. Finally, Norges Bank bought a new stake in shares of Cadence Design Systems during the fourth quarter worth $1,352,922,000. 84.85% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Paul Scannell sold 280 shares of the business's stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $339.00, for a total transaction of $94,920.00. Following the completion of the transaction, the vice president owned 31,720 shares in the company, valued at approximately $10,753,080. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $323.32, for a total transaction of $646,640.00. Following the completion of the sale, the vice president directly owned 124,586 shares of the company's stock, 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 have sold 3,530 shares of company stock valued at $1,142,660 in the last 90 days. 0.49% of the stock is owned by insiders.

Cadence Design Systems Price Performance

Shares of Cadence Design Systems stock opened at $289.37 on Monday. The business has a fifty day simple moving average of $332.84 and a 200 day simple moving average of $333.88. The stock has a market cap of $79.69 billion, a PE ratio of 57.53, a price-to-earnings-growth ratio of 3.10 and a beta of 1.14. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $416.69.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Benchmark reaffirmed a "buy" rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Rosenblatt Securities lifted their price objective on Cadence Design Systems from $410.00 to $420.00 and gave the stock a "buy" rating in a research report on Tuesday, July 28th. Weiss Ratings raised Cadence Design Systems from a "hold (c)" rating to a "hold (c+)" rating in a report on Thursday, July 30th. Needham & Company LLC restated 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, FBN Securities assumed coverage on shares of Cadence Design Systems in a research report on Friday. They set an "outperform" rating and a $375.00 price target for the company. Fourteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Cadence Design Systems currently has an average rating of "Moderate Buy" and a consensus target price of $403.88.

Cadence Design Systems 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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