Mitsubishi UFJ Asset Management Co. Ltd. Has $226.38 Million Stock Holdings in Cadence Design Systems, Inc. $CDNS

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 3.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 729,323 shares of the software maker's stock after acquiring an additional 22,962 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.27% of Cadence Design Systems worth $226,382,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Peterson Wealth Services boosted its stake in shares of Cadence Design Systems by 1,501.3% during the 3rd quarter. Peterson Wealth Services now owns 187,115 shares of the software maker's stock worth $65,726,000 after buying an additional 175,430 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Cadence Design Systems by 301.9% in the third quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker's stock valued at $17,563,000 after acquiring an additional 37,558 shares during the last quarter. DDD Partners LLC raised its holdings in Cadence Design Systems by 27.4% during the fourth quarter. DDD Partners LLC now owns 41,968 shares of the software maker's stock worth $13,118,000 after acquiring an additional 9,024 shares in the last quarter. Sun Financial Inc bought a new stake in Cadence Design Systems during the fourth quarter worth about $1,225,000. Finally, Rakuten Investment Management Inc. acquired a new position in Cadence Design Systems during the third quarter valued at approximately $5,806,000. Institutional investors and hedge funds own 84.85% of the company's stock.

Insider Transactions at Cadence Design Systems

In other news, VP Paul Scannell sold 10,500 shares of the company's stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $339.00, for a total value of $3,559,500.00. Following the transaction, the vice president owned 33,946 shares of the company's stock, valued at approximately $11,507,694. This represents a 23.62% decrease in their ownership of the stock. The transaction 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, Director Ita M. Brennan sold 180 shares of the business's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the completion of the sale, the director owned 7,470 shares of the company's stock, valued at $2,203,874.10. This trade represents a 2.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 35,180 shares of company stock worth $11,181,240. Insiders own 0.49% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wells Fargo & Company raised their price target on Cadence Design Systems from $375.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, April 28th. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a report on Wednesday, February 18th. Robert W. Baird raised their target price on shares of Cadence Design Systems from $381.00 to $385.00 and gave the company an "outperform" rating in a research note on Tuesday, April 28th. KeyCorp boosted their target price on shares of Cadence Design Systems from $405.00 to $425.00 and gave the stock an "overweight" rating in a report on Tuesday, April 28th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $360.00 price target on shares of Cadence Design Systems in a research report on Friday, April 24th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $380.59.

Cadence Design Systems Price Performance

Shares of CDNS opened at $354.90 on Thursday. The firm has a market capitalization of $97.99 billion, a PE ratio of 82.73, a PEG ratio of 4.19 and a beta of 1.13. The company's 50-day moving average is $299.13 and its 200-day moving average is $309.48. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $376.45. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.47 and a quick ratio of 1.32.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, topping the consensus estimate of $1.91 by $0.05. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. Cadence Design Systems's revenue was up 18.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.57 EPS. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. Equities analysts forecast that Cadence Design Systems, Inc. will post 6.22 EPS for the current year.

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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