Danske Bank A S Makes New Investment in Cadence Design Systems, Inc. $CDNS

Key Points

• Danske Bank initiated a position in Cadence Design Systems, buying 151,964 shares worth approximately $57 million, while institutional investors collectively own 84.85% of the stock.
• Cadence reported quarterly EPS of $2.11, exceeding estimates by $0.06, with revenue of $1.58 billion, up 24.2% year over year. The company issued fiscal 2026 EPS guidance of $8.05–$8.15.
• Shares recently traded at $316.52, down 2.1%, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $405.69; insiders have sold about $54.3 million of stock over the past three months.

Danske Bank A S bought a new position in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 151,964 shares of the software maker's stock, valued at approximately $57,035,000. Danske Bank A S owned about 0.06% of Cadence Design Systems as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. 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 purchasing an additional 5,943 shares during the period. Sun Financial Inc purchased a new position in Cadence Design Systems in the fourth quarter valued at approximately $1,225,000. Leonteq Securities AG bought a new position in Cadence Design Systems during the fourth quarter valued at $1,105,000. Indivisible Partners bought a new position in Cadence Design Systems during the fourth quarter valued at $4,795,000. Finally, PNC Financial Services Group Inc. increased its position in Cadence Design Systems by 1.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 369,717 shares of the software maker's stock worth $115,566,000 after buying an additional 3,562 shares during the last quarter. 84.85% of the stock is owned by institutional investors.

Cadence Design Systems Trading Down 2.1%

Shares of CDNS stock opened at $316.52 on Wednesday. The stock has a market capitalization of $87.17 billion, a price-to-earnings ratio of 62.93, a PEG ratio of 3.49 and a beta of 1.15. The company's fifty day simple moving average is $357.82 and its two-hundred day simple moving average is $331.13. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.53.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.06. The firm had revenue of $1.58 billion during 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 business's revenue for the quarter was up 24.2% on a year-over-year basis. During the same period last year, the company earned $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. As a group, analysts anticipate that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CDNS. Stifel Nicolaus boosted their target price on Cadence Design Systems from $395.00 to $432.00 and gave the company a "buy" rating in a research note on Tuesday, June 9th. Oppenheimer reiterated a "market perform" rating and set a $300.00 price target on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Morgan Stanley reissued an "overweight" rating and issued a $400.00 price objective on shares of Cadence Design Systems in a report on Wednesday, July 29th. Citigroup upped their price objective 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, KeyCorp reiterated an "overweight" rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Thirteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $405.69.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the firm's stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $387.45, for a total value of $69,741.00. Following the completion of the transaction, the director owned 8,004 shares in the company, valued at $3,101,149.80. This trade represents a 2.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $2,789,276.71. Following the transaction, the vice president directly owned 32,181 shares of the company's stock, valued at $12,676,417.71. The trade was a 18.04% 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 a total of 139,486 shares of company stock worth $54,262,177 in the last three months. 0.49% of the stock is currently owned by corporate insiders.

Cadence Design Systems Company 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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