13,441 Shares in Cadence Design Systems, Inc. $CDNS Purchased by Caprock Group LLC

Caprock Group LLC purchased a new stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) in the 3rd quarter, Holdings Channel reports. The firm purchased 13,441 shares of the software maker’s stock, valued at approximately $4,710,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Norges Bank purchased a new stake in Cadence Design Systems in the second quarter valued at approximately $1,190,618,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Cadence Design Systems by 16.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,314,407 shares of the software maker’s stock valued at $1,866,739,000 after purchasing an additional 731,788 shares during the last quarter. Voya Investment Management LLC grew its stake in shares of Cadence Design Systems by 914.2% during the 3rd quarter. Voya Investment Management LLC now owns 691,071 shares of the software maker’s stock valued at $242,746,000 after buying an additional 622,934 shares during the period. Scge Management L.P. acquired a new stake in shares of Cadence Design Systems during the 2nd quarter worth $187,663,000. Finally, Bain Capital Public Equity Management II LLC purchased a new position in shares of Cadence Design Systems in the 2nd quarter worth $130,534,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Analyst Upgrades and Downgrades

CDNS has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on Cadence Design Systems from $405.00 to $410.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. JPMorgan Chase & Co. lifted their price target on shares of Cadence Design Systems from $390.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Wolfe Research reissued an “outperform” rating and issued a $385.00 price objective on shares of Cadence Design Systems in a research report on Tuesday, October 28th. Finally, Rosenblatt Securities raised their target price on shares of Cadence Design Systems from $320.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $379.59.

More Cadence Design Systems News

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Cadence unveiled “ChipStack AI Super Agent,” an agentic AI workflow aimed at accelerating silicon design with management claiming multi‑fold productivity gains — a clear revenue/positioning catalyst if customers adopt it. Cadence Unveils ChipStack AI Super Agent for Next-Gen Chips
• Positive Sentiment: Major outlets picked up the AI‑agent story (MSN, Seeking Alpha), amplifying investor awareness and helping drive short‑term momentum. Cadence introduces an AI agent to speed up computer chip design Cadence unveils AI agent to accelerate chip design
• Positive Sentiment: Market sentiment reports note increased bullishness this week (coverage highlights an ~8% weekly advance), suggesting investor appetite for Cadence’s AI narrative. Investors more bullish on Cadence Design Systems (NASDAQ:CDNS) this week as stock advances 8.4%
• Neutral Sentiment: Analysts and research outlets are digging into Q4 (Dec‑2025) metric-level estimates to assess upside vs. consensus; this deeper analysis could influence earnings expectations but is not itself a directional catalyst. Unlocking Q4 Potential of Cadence (CDNS): Exploring Wall Street Estimates for Key Metrics
• Neutral Sentiment: Cadence is due to report quarterly results next week — a clear near‑term catalyst that can swing the stock either way depending on revenue, margin, and guidance. Cadence Design Systems (CDNS) Expected to Announce Quarterly Earnings on Tuesday
• Neutral Sentiment: Recent short‑interest reports in the feed show zero shares/erroneous NaN increases (data appears unreliable) — no clear short squeeze signal from these entries.
• Negative Sentiment: A Zacks note warned Cadence “doesn’t possess the right combination” for a likely earnings beat in the upcoming report, implying risk of a disappointment that could reverse recent gains. Cadence Design Systems (CDNS) Reports Next Week: Wall Street Expects Earnings Growth

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $299.65 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.05 and a quick ratio of 2.84. The company’s fifty day moving average price is $313.41 and its two-hundred day moving average price is $330.94. The firm has a market capitalization of $81.56 billion, a P/E ratio of 77.23, a P/E/G ratio of 3.33 and a beta of 1.01. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45.

Insiders Place Their Bets

In related news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $295.09, for a total value of $295,090.00. Following the completion of the transaction, the vice president owned 95,137 shares of the company’s stock, valued at approximately $28,073,977.33. This represents a 1.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Anirudh Devgan sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $340.00, for a total value of $6,800,000.00. Following the sale, the chief executive officer owned 195,844 shares of the company’s stock, valued at approximately $66,586,960. This trade represents a 9.27% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 56,475 shares of company stock valued at $18,505,486. Insiders own 1.99% of the company’s stock.

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.