Deutsche Bank AG Invests $532.34 Million in Cadence Design Systems, Inc. $CDNS

Deutsche Bank AG purchased a new stake in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,418,359 shares of the software maker's stock, valued at approximately $532,338,000. Deutsche Bank AG owned approximately 0.52% of Cadence Design Systems at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Perigon Wealth Management LLC bought a new position in Cadence Design Systems in the 2nd quarter valued at approximately $990,000. Commerzbank Aktiengesellschaft FI bought a new position in shares of Cadence Design Systems in the 2nd quarter valued at $735,000. Phillips Wealth Planners LLC bought a new stake in Cadence Design Systems during the 2nd quarter worth $225,000. Trust Co. of Vermont acquired a new position in Cadence Design Systems in the 2nd quarter worth about $105,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Cadence Design Systems in the 2nd quarter worth about $292,890,000. 84.85% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Ita M. Brennan sold 180 shares of the business'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 transaction, the director directly owned 8,004 shares of the company's stock, valued at $3,101,149.80. The trade was 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Plummer sold 1,511 shares of the company's stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $381.34, for a total value of $576,204.74. Following the sale, the director owned 23,264 shares in the company, valued at approximately $8,871,493.76. The trade was a 6.10% 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. In the last 90 days, insiders sold 139,486 shares of company stock worth $54,262,177. 0.49% of the stock is owned by insiders.

Cadence Design Systems Stock Down 0.4%

Shares of NASDAQ CDNS opened at $323.47 on Tuesday. The company's 50 day moving average price is $359.31 and its 200-day moving average price is $331.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $416.69. The company has a market capitalization of $89.08 billion, a P/E ratio of 64.31, a price-to-earnings-growth ratio of 3.49 and a beta of 1.15.

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 for the quarter, topping the consensus estimate of $2.05 by $0.06. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The company had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.58 billion. During the same period in the prior year, the company posted $1.65 earnings per share. 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. Equities analysts forecast that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on CDNS. Oppenheimer reissued 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. Rosenblatt Securities upped their price objective on Cadence Design Systems from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Morgan Stanley reiterated an "overweight" rating and issued a $400.00 price objective on shares of Cadence Design Systems in a report on Wednesday, July 29th. Needham & Company LLC reiterated 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, KeyCorp reissued an "overweight" rating on shares of Cadence Design Systems in a report on Tuesday, July 28th. Thirteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cadence Design Systems currently has an average rating of "Moderate Buy" and an average 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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