PFA Pension Forsikringsaktieselskab Invests $46.45 Million in Cadence Design Systems, Inc. $CDNS

Key Points

• PFA Pension Forsikringsaktieselskab opened a new stake of 147,191 shares in Cadence, worth approximately $46.45 million and representing about 0.05% of the company.
• Cadence beat quarterly expectations with EPS of $1.96 (vs. $1.91) and revenue of $1.47B (up 18.6% YoY), and issued FY2026 guidance of 7.850–7.950 EPS and Q2 guidance of 2.020–2.080 EPS.
• Wall Street is broadly positive—14 Buys vs. 3 Holds—with an average rating of “Moderate Buy” and an average target price around $380.59, with several firms raising targets up to $400.

PFA Pension Forsikringsaktieselskab purchased a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 147,191 shares of the software maker's stock, valued at approximately $46,454,000. PFA Pension Forsikringsaktieselskab owned 0.05% of Cadence Design Systems at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Peterson Wealth Services grew its stake in shares of Cadence Design Systems by 1,501.3% during the third 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. Stanley Laman Group Ltd. bought a new stake in shares of Cadence Design Systems during the third quarter worth $6,177,000. Thrivent Financial for Lutherans grew its stake in shares of Cadence Design Systems by 301.9% during the third quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker's stock worth $17,563,000 after buying an additional 37,558 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Cadence Design Systems by 62.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 571,278 shares of the software maker's stock worth $200,667,000 after buying an additional 220,464 shares during the last quarter. Finally, DDD Partners LLC grew its stake in shares of 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 buying an additional 9,024 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company's stock.

Cadence Design Systems Stock Performance

Shares of Cadence Design Systems stock opened at $340.94 on Friday. The company has a quick ratio of 2.67, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $376.45. The stock has a market cap of $94.13 billion, a price-to-earnings ratio of 79.47, a P/E/G ratio of 4.04 and a beta of 1.13. The company's fifty day moving average is $296.48 and its 200 day moving average is $309.17.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.05. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.46 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. Cadence Design Systems's revenue for the quarter was up 18.6% on a year-over-year basis. 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. Sell-side analysts forecast that Cadence Design Systems, Inc. will post 6.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CDNS shares. Robert W. Baird boosted their target price on shares of Cadence Design Systems from $381.00 to $385.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 28th. Citigroup boosted their target price on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a "buy" rating in a research note on Wednesday. Wells Fargo & Company boosted their target price on shares of Cadence Design Systems from $375.00 to $400.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 28th. Needham & Company LLC reaffirmed a "buy" rating and set a $400.00 target price on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Finally, Morgan Stanley decreased their target price on shares of Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 18th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $380.59.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $280.19, for a total value of $280,190.00. Following the sale, the vice president owned 128,586 shares of the company's stock, valued at $36,028,511.34. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 21,500 shares of the business's stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $309.45, for a total transaction of $6,653,175.00. Following the completion of the sale, the chief financial officer directly owned 86,875 shares in the company, valued at approximately $26,883,468.75. This represents a 19.84% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 24,680 shares of company stock valued at $7,579,340 over the last 90 days. 0.49% of the stock is owned by insiders.

About Cadence Design Systems

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.