Nordea Investment Management AB Trims Stock Position in Cadence Design Systems, Inc. $CDNS

Nordea Investment Management AB cut its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 46.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 373,501 shares of the software maker’s stock after selling 318,632 shares during the period. Nordea Investment Management AB’s holdings in Cadence Design Systems were worth $117,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CDNS. Y.D. More Investments Ltd purchased a new position in shares of Cadence Design Systems during the 3rd quarter valued at about $26,000. Caitlin John LLC acquired a new position in shares of Cadence Design Systems in the 3rd quarter valued at about $29,000. Imprint Wealth LLC purchased a new stake in shares of Cadence Design Systems in the third quarter worth about $31,000. Strategic Wealth Investment Group LLC acquired a new stake in Cadence Design Systems during the second quarter worth about $32,000. Finally, Promus Capital LLC acquired a new stake in Cadence Design Systems during the second quarter worth about $33,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

Cadence Design Systems Stock Performance

Shares of CDNS stock opened at $283.90 on Monday. The company has a market capitalization of $77.41 billion, a P/E ratio of 69.93, a P/E/G ratio of 3.41 and a beta of 1.00. The business’s 50 day moving average is $299.24 and its two-hundred day moving average is $319.85. 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 12-month low of $221.56 and a 12-month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The business’s revenue was up 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.88 earnings per share. 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. Analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the completion of the sale, the director owned 7,470 shares of the company’s stock, valued at approximately $2,203,874.10. The trade was a 2.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total transaction of $297,780.00. Following the transaction, the vice president owned 94,137 shares of the company’s stock, valued at $28,032,115.86. This represents a 1.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,185 shares of company stock worth $963,238 in the last three months. 1.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CDNS has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $360.00 price objective on shares of Cadence Design Systems in a research note on Thursday, February 26th. Stifel Nicolaus set a $395.00 target price on shares of Cadence Design Systems in a report on Wednesday, February 18th. Piper Sandler decreased their target price on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Finally, Oppenheimer raised shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price target on the stock in a report on Monday, December 1st. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $376.50.

More Cadence Design Systems News

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

• Positive Sentiment: Cadence expanded its strategic work with NVIDIA to power “agentic AI” capabilities that accelerate chip design, verification and system-level innovation — a narrative that supports long-term growth and Cadence’s role in AI-driven EDA demand. Cadence and NVIDIA Redefining Chip Design With Agentic AI: Here’s How
• Positive Sentiment: Flexcompute launched a PhotonForge connector for Cadence Virtuoso Studio, integrating GPU‑accelerated photonic simulation into Cadence’s EPDA workflow — strengthens Cadence’s ecosystem and could broaden addressable markets (AI data‑center photonics). Flexcompute Launches PhotonForge Connector for Cadence Virtuoso Studio
• Positive Sentiment: Analyst coverage remains generally favorable: multiple buy/overweight ratings and a consensus target well above current levels support upside expectations over time (MarketBeat summary of recent analyst notes). Cadence (CDNS) analyst & market summary
• Neutral Sentiment: General media/retail attention: Zacks/Yahoo flagged Cadence as attracting investor interest — useful as a gauge of retail/search activity but not a direct catalyst. Cadence Design Systems, Inc. (CDNS) is Attracting Investor Attention
• Neutral Sentiment: Reported short-interest data in feeds appears anomalous (shows 0 shares / 0 days-to-cover) — likely a reporting glitch; no clear short-squeeze risk or pressure indicated by these figures. (No article link available)
• Negative Sentiment: Insider selling: a Cadence director sold 180 shares (~$53k) — small in size but often read by traders as modest negative signal when combined with other near-term weakness. Insider Selling: Cadence Director Sells 180 Shares
• Negative Sentiment: Near-term sentiment pressure: articles note the stock is down since the last earnings report and discuss earnings/estimate dynamics — investors remain focused on execution and guidance vs. elevated valuation (reason for short-term weakness). Why Is Cadence (CDNS) Down 5% Since Last Earnings Report?

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.