Swedbank AB Purchases 51,394 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• Swedbank AB increased its stake in Cadence by 2.6%, buying 51,394 shares to hold 2,010,838 shares (about a 0.74% stake) worth roughly $628.55 million as of the latest 13F filing.
• Cadence beat Q results with $1.96 EPS vs. $1.91 expected and $1.47B revenue (up 18.6% YoY), and set FY2026 guidance of $7.85–$7.95 EPS and Q2 guidance of $2.02–$2.08.
• Several analysts raised price targets (e.g., Wells Fargo, KeyCorp, Robert W. Baird), leaving the consensus as a Moderate Buy with an average target of $380.59; the company has a market cap of about $97.6 billion and a PE of ~82.4.

Swedbank AB grew its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,010,838 shares of the software maker's stock after purchasing an additional 51,394 shares during the quarter. Swedbank AB owned about 0.74% of Cadence Design Systems worth $628,548,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd bought a new position in Cadence Design Systems during the 3rd quarter worth approximately $26,000. Caitlin John LLC bought a new position in Cadence Design Systems during the 3rd quarter worth approximately $29,000. Imprint Wealth LLC bought a new position in Cadence Design Systems during the 3rd quarter worth approximately $31,000. Lodestone Wealth Management LLC bought a new position in Cadence Design Systems during the 4th quarter worth approximately $30,000. Finally, Cloud Capital Management LLC bought a new stake in shares of Cadence Design Systems in the 3rd quarter valued at $35,000. Institutional investors own 84.85% of the company's stock.

Insider Buying and Selling

In other Cadence Design Systems news, CFO John M. Wall sold 21,500 shares of the company's stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $309.45, for a total value of $6,653,175.00. Following the completion of the sale, the chief financial officer owned 86,875 shares of the company's stock, valued at $26,883,468.75. This represents a 19.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total transaction of $53,105.40. Following the transaction, the director owned 7,470 shares in the company, valued at $2,203,874.10. The trade was a 2.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 35,180 shares of company stock valued at $11,181,240. Corporate insiders own 0.49% of the company's stock.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $353.63 on Wednesday. The firm has a market capitalization of $97.63 billion, a PE ratio of 82.43, a price-to-earnings-growth ratio of 4.14 and a beta of 1.13. The firm has a fifty day simple moving average of $297.62 and a two-hundred day simple moving average of $309.26. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. Cadence Design Systems, Inc. has a 12 month low of $262.75 and a 12 month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.91 by $0.05. The firm had revenue of $1.47 billion for 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%. The business's revenue for the quarter was up 18.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $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. Analysts forecast that Cadence Design Systems, Inc. will post 6.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CDNS. Wells Fargo & Company lifted their price objective on shares of Cadence Design Systems from $375.00 to $400.00 and gave the company an "overweight" rating in a research note on Tuesday, April 28th. Piper Sandler lifted their price objective on shares of Cadence Design Systems from $319.00 to $325.00 and gave the company a "neutral" rating in a research note on Tuesday, April 28th. Robert W. Baird lifted their price objective 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. Rosenblatt Securities reiterated a "buy" rating and issued a $360.00 price objective on shares of Cadence Design Systems in a research note on Friday, April 24th. Finally, KeyCorp lifted their price objective on shares of Cadence Design Systems from $405.00 to $425.00 and gave the company an "overweight" rating in a research note on Tuesday, April 28th. Fourteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $380.59.

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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