Ilmarinen Mutual Pension Insurance Co Sells 4,118 Shares of Cadence Design Systems, Inc. $CDNS

Ilmarinen Mutual Pension Insurance Co reduced its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 7.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 48,503 shares of the software maker’s stock after selling 4,118 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Cadence Design Systems were worth $15,161,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CDNS. Peterson Wealth Services increased 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 valued at $65,726,000 after buying an additional 175,430 shares during the period. Sun Financial Inc bought a new position in Cadence Design Systems in the fourth quarter worth about $1,225,000. Thrivent Financial for Lutherans raised its stake in Cadence Design Systems by 301.9% in 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 in the last quarter. DDD Partners LLC boosted its position in Cadence Design Systems by 27.4% during the 4th quarter. DDD Partners LLC now owns 41,968 shares of the software maker’s stock valued at $13,118,000 after acquiring an additional 9,024 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Cadence Design Systems by 28.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 8,044 shares of the software maker’s stock valued at $2,816,000 after acquiring an additional 1,779 shares in the last quarter. 84.85% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $337.49, for a total value of $337,490.00. Following the sale, the vice president directly owned 127,586 shares of the company’s stock, valued at approximately $43,058,999.14. This represents a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anirudh Devgan sold 51,887 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $370.00, for a total value of $19,198,190.00. Following the completion of the sale, the chief executive officer directly owned 303,525 shares in the company, valued at approximately $112,304,250. This represents a 14.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 93,138 shares of company stock valued at $32,492,540. 0.49% of the stock is currently owned by corporate insiders.

Cadence Design Systems Price Performance

Shares of CDNS stock opened at $373.85 on Friday. Cadence Design Systems, Inc. has a twelve month low of $262.75 and a twelve month high of $383.80. The stock has a market cap of $103.12 billion, a price-to-earnings ratio of 87.14, a PEG ratio of 4.43 and a beta of 1.13. The business’s fifty day moving average is $319.52 and its 200 day moving average is $312.37. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38.

Cadence Design Systems (NASDAQ:CDNS) last released its earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period in the prior year, the firm posted $1.57 earnings per share. The company’s quarterly revenue 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. Research analysts expect that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CDNS has been the topic of several recent research reports. Morgan Stanley reduced their price target on 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. Robert W. Baird upped their price target on Cadence Design Systems from $381.00 to $385.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 28th. Piper Sandler upped their price target on Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 28th. Berenberg Bank set a $440.00 price target on Cadence Design Systems in a research note on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 price target on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $384.41.

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.