Cadence Design Systems, Inc. $CDNS Shares Purchased by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd increased its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 30.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,941 shares of the software maker’s stock after buying an additional 12,495 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Cadence Design Systems were worth $14,711,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Alliance LLC increased its position in shares of Cadence Design Systems by 29.5% during the first quarter. Wealth Alliance LLC now owns 1,040 shares of the software maker’s stock worth $289,000 after acquiring an additional 237 shares during the period. Unisphere Establishment acquired a new stake in shares of Cadence Design Systems in the first quarter valued at $114,899,000. Entropy Technologies LP boosted its holdings in Cadence Design Systems by 874.6% in the first quarter. Entropy Technologies LP now owns 26,461 shares of the software maker’s stock valued at $7,353,000 after purchasing an additional 23,746 shares during the period. Dai ichi Life Insurance Company Ltd boosted its holdings in Cadence Design Systems by 15.9% in the first quarter. Dai ichi Life Insurance Company Ltd now owns 21,982 shares of the software maker’s stock valued at $6,108,000 after purchasing an additional 3,020 shares during the period. Finally, Renaissance Technologies LLC acquired a new position in Cadence Design Systems during the 1st quarter worth $44,604,000. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO John M. Wall sold 5,000 shares of the stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $348.71, for a total value of $1,743,550.00. Following the transaction, the chief financial officer directly owned 81,875 shares of the company’s stock, valued at $28,550,631.25. This trade represents a 5.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anirudh Devgan sold 51,887 shares of Cadence Design Systems stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $370.00, for a total transaction of $19,198,190.00. Following the sale, the chief executive officer owned 303,525 shares in the company, valued at $112,304,250. This represents a 14.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 157,057 shares of company stock worth $60,272,277. 0.49% of the stock is currently owned by company insiders.

Cadence Design Systems Price Performance

CDNS stock opened at $326.24 on Friday. The business has a 50 day moving average price of $373.92 and a 200 day moving average price of $329.27. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. The stock has a market cap of $89.98 billion, a price-to-earnings ratio of 76.05, a PEG ratio of 3.86 and a beta of 1.15. Cadence Design Systems, Inc. has a fifty-two week low of $262.75 and a fifty-two week high of $416.69.

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

Analyst Upgrades and Downgrades

CDNS has been the topic of several recent research reports. 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 report on Tuesday, April 28th. Stifel Nicolaus lifted their price objective on Cadence Design Systems from $395.00 to $432.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Wells Fargo & Company boosted their price objective on Cadence Design Systems from $400.00 to $425.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Benchmark initiated coverage on shares of Cadence Design Systems in a research note on Wednesday, July 15th. They set a “buy” rating and a $450.00 target price on the stock. Finally, Citigroup raised their target price on shares of Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Cadence Design Systems currently has an average rating of “Moderate Buy” and a consensus price target of $393.65.

Cadence Design Systems Company 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.