Artisan Partners Limited Partnership Has $155.69 Million Holdings in Cadence Design Systems, Inc. $CDNS

Artisan Partners Limited Partnership trimmed its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 9.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 443,219 shares of the software maker’s stock after selling 44,002 shares during the period. Artisan Partners Limited Partnership’s holdings in Cadence Design Systems were worth $155,685,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Cadence Design Systems by 1.2% during the third quarter. Vanguard Group Inc. now owns 26,923,317 shares of the software maker’s stock valued at $9,457,084,000 after acquiring an additional 327,456 shares in the last quarter. State Street Corp increased its stake in shares of Cadence Design Systems by 1.4% during the 2nd quarter. State Street Corp now owns 12,318,585 shares of the software maker’s stock worth $3,795,972,000 after purchasing an additional 172,551 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Cadence Design Systems by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 6,363,734 shares of the software maker’s stock valued at $1,952,771,000 after purchasing an additional 77,478 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Cadence Design Systems by 16.0% during 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 in the last quarter. Finally, Norges Bank acquired a new stake in shares of Cadence Design Systems in the 2nd quarter valued at $1,190,618,000. Institutional investors own 84.85% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CDNS. Morgan Stanley lowered 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 report on Wednesday, February 18th. Citigroup began coverage on Cadence Design Systems in a report on Monday, November 24th. They set a “buy” rating and a $385.00 price objective on the stock. Piper Sandler cut their price objective on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Fifteen 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 company presently has an average rating of “Moderate Buy” and a consensus price target of $376.50.

Insider Buying and Selling at Cadence Design Systems

In other news, VP Paul Scannell sold 5,490 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $339.43, for a total value of $1,863,470.70. Following the sale, the vice president directly owned 20,321 shares in the company, valued at approximately $6,897,557.03. This represents a 21.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO John M. Wall sold 27,805 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $318.57, for a total value of $8,857,838.85. Following the transaction, the chief financial officer owned 69,957 shares of the company’s stock, valued at $22,286,201.49. This trade represents a 28.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 56,475 shares of company stock worth $18,505,486 in the last 90 days. 1.99% of the stock is currently owned by insiders.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS opened at $297.60 on Friday. The firm has a market capitalization of $81.14 billion, a PE ratio of 73.30, a PEG ratio of 3.61 and a beta of 1.01. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The business’s 50 day moving average is $305.98 and its 200-day moving average is $326.24.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, topping the consensus estimate of $1.91 by $0.08. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business earned $1.88 earnings per share. Cadence Design Systems’s quarterly revenue was up 6.2% compared to the same quarter last year. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. Sell-side analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share 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.