Kepler Cheuvreux Suisse SA Makes New Investment in Cadence Design Systems, Inc. $CDNS

Key Points

• Kepler Cheuvreux Suisse SA initiated a new position in Cadence, purchasing 4,867 shares (~$1.71M) in Q3, amid broad institutional ownership of about 84.85%.
• Cadence beat expectations with Q quarterly EPS of $1.99 vs. $1.91 and revenue of $1.44B (up 6.2%), and issued Q1 2026 EPS guidance of 1.890–1.950 and FY 2026 guidance of 8.050–8.150; analysts hold a "Moderate Buy" consensus with an average target of $376.50.
• Insider selling has been significant recently—company insiders sold 30,810 shares (~$9.77M) in the last 90 days, leaving insiders with roughly 1.99% ownership.

Kepler Cheuvreux Suisse SA purchased a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,867 shares of the software maker's stock, valued at approximately $1,710,000.

Several other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC raised its position in shares of Cadence Design Systems by 80.2% in the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker's stock valued at $456,000 after purchasing an additional 676 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Cadence Design Systems by 3.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker's stock worth $560,000 after purchasing an additional 80 shares during the last quarter. Savant Capital LLC increased its stake in Cadence Design Systems by 31.9% during the 2nd quarter. Savant Capital LLC now owns 3,633 shares of the software maker's stock valued at $1,119,000 after purchasing an additional 879 shares in the last quarter. Prospera Financial Services Inc increased its stake in Cadence Design Systems by 85.6% during the 2nd quarter. Prospera Financial Services Inc now owns 1,791 shares of the software maker's stock valued at $552,000 after purchasing an additional 826 shares in the last quarter. Finally, Midwest Trust Co purchased a new position in shares of Cadence Design Systems in the second quarter worth $525,000. Institutional investors and hedge funds own 84.85% of the company's stock.

Cadence Design Systems Stock Up 0.3%

CDNS stock opened at $294.16 on Thursday. The company has a market capitalization of $80.20 billion, a P/E ratio of 72.45, a price-to-earnings-growth ratio of 3.52 and a beta of 1.00. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. The firm's fifty day simple moving average is $302.86 and its 200-day simple moving average is $322.90. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.08. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The firm had revenue of $1.44 billion during the quarter, compared to analysts' expectations of $1.42 billion. During the same quarter last year, the company posted $1.88 earnings per share. The firm's revenue was up 6.2% compared to the same quarter last year. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. As a group, equities research analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stifel Nicolaus set a $395.00 price objective on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Citigroup initiated coverage on Cadence Design Systems in a research report on Monday, November 24th. They issued a "buy" rating and a $385.00 target price on the stock. Oppenheimer upgraded Cadence Design Systems from an "underperform" rating to a "market perform" rating and set a $275.00 target price for the company in a research note on Monday, December 1st. Rosenblatt Securities reiterated a "buy" rating and set a $360.00 price target on shares of Cadence Design Systems in a research note on Thursday, February 26th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $390.00 price objective on shares of Cadence Design Systems in a report on Wednesday, February 18th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $376.50.

Insider Transactions at Cadence Design Systems

In related news, VP Paul Cunningham sold 1,000 shares of the firm's stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $297.78, for a total transaction of $297,780.00. Following the sale, the vice president directly owned 94,137 shares of the company's stock, valued at $28,032,115.86. This trade represents a 1.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John M. Wall sold 27,805 shares of Cadence Design Systems stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $318.57, for a total value of $8,857,838.85. Following the transaction, the chief financial officer owned 69,957 shares of the company's stock, valued at approximately $22,286,201.49. This represents a 28.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 30,810 shares of company stock worth $9,767,972 in the last 90 days. Company insiders own 1.99% of the company's stock.

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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