Nykredit A S Acquires New Holdings in Cadence Design Systems, Inc. $CDNS

Key Points

• Nykredit A/S acquired 575,738 Cadence Design Systems shares worth approximately $216.1 million in the second quarter, giving it about 0.21% ownership. Institutional investors and hedge funds collectively own 84.85% of CDNS.
• Cadence reported quarterly EPS of $2.11, beating estimates of $2.05, while revenue rose 24.2% year over year to $1.58 billion. The company issued fiscal 2026 EPS guidance of $8.05–$8.15.
• Analysts maintain a favorable outlook, with a “Moderate Buy” consensus and an average price target of $403.88, although insiders have sold 5,710 shares worth about $1.75 million over the past 90 days.

Nykredit A S bought a new stake in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 575,738 shares of the software maker's stock, valued at approximately $216,086,000. Cadence Design Systems makes up about 0.7% of Nykredit A S's investment portfolio, making the stock its 21st largest position. Nykredit A S owned approximately 0.21% of Cadence Design Systems as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Avalon Trust Co bought a new stake in shares of Cadence Design Systems in the 2nd quarter valued at $30,000. Fiduciary Financial Advisors bought a new position in Cadence Design Systems during the second quarter worth about $31,000. University of Texas Texas AM Investment Management Co. acquired a new position in Cadence Design Systems in the fourth quarter valued at about $28,000. Arlington Trust Co LLC grew its stake in Cadence Design Systems by 154.3% in the second quarter. Arlington Trust Co LLC now owns 89 shares of the software maker's stock valued at $33,000 after acquiring an additional 54 shares during the period. Finally, Whipplewood Advisors LLC increased its holdings in shares of Cadence Design Systems by 933.3% in the first quarter. Whipplewood Advisors LLC now owns 93 shares of the software maker's stock worth $26,000 after acquiring an additional 84 shares in the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Cadence Design Systems Stock Up 0.3%

CDNS stock opened at $280.76 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.53. The stock has a market capitalization of $77.32 billion, a P/E ratio of 55.82, a P/E/G ratio of 3.00 and a beta of 1.14. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69. The business has a 50-day moving average of $324.98 and a 200-day moving average of $333.33.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its earnings results on Monday, July 27th. The software maker reported $2.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the firm earned $1.65 EPS. 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. On average, sell-side analysts anticipate that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Cadence Design Systems from $395.00 to $432.00 and gave the company a "buy" rating in a report on Tuesday, June 9th. Wells Fargo & Company increased their target price on Cadence Design Systems from $400.00 to $425.00 and gave the stock an "overweight" rating in a research note on Tuesday, May 26th. Berenberg Bank set a $440.00 target price on shares of Cadence Design Systems in a report on Wednesday, May 27th. Rosenblatt Securities lifted their price target on shares of Cadence Design Systems from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Finally, Oppenheimer reiterated a "market perform" rating and issued a $300.00 price target on shares of Cadence Design Systems in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $403.88.

Insider Buying and Selling at Cadence Design Systems

In related news, Director Ita M. Brennan sold 180 shares of the firm's stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $285.51, for a total value of $51,391.80. Following the completion of the transaction, the director owned 7,824 shares of the company's stock, valued at approximately $2,233,830.24. This trade represents a 2.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of Cadence Design Systems stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $320.88, for a total transaction of $401,100.00. Following the completion of the sale, the director owned 40,794 shares in the company, valued at $13,089,978.72. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,710 shares of company stock valued at $1,748,292 over the last ninety days. 0.49% of the stock is currently owned by company insiders.

Cadence Design Systems Company 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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