Cadence Design Systems, Inc. $CDNS Shares Acquired by Schaper Benz & Wise Investment Counsel Inc. WI

Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 63.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,561 shares of the software maker’s stock after buying an additional 2,537 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Cadence Design Systems were worth $2,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pinnacle Wealth Management Advisory Group LLC raised its position in shares of Cadence Design Systems by 3.1% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,033 shares of the software maker’s stock worth $287,000 after purchasing an additional 31 shares during the period. Westfuller Advisors LLC raised its holdings in Cadence Design Systems by 8.2% during the first quarter. Westfuller Advisors LLC now owns 408 shares of the software maker’s stock worth $113,000 after buying an additional 31 shares during the last quarter. Cornerstone Planning Group LLC raised its holdings in Cadence Design Systems by 32.0% during the first quarter. Cornerstone Planning Group LLC now owns 132 shares of the software maker’s stock worth $37,000 after buying an additional 32 shares during the last quarter. KCM Investment Advisors LLC lifted its stake in shares of Cadence Design Systems by 0.4% in the first quarter. KCM Investment Advisors LLC now owns 8,013 shares of the software maker’s stock valued at $2,227,000 after buying an additional 32 shares in the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of Cadence Design Systems by 2.6% during the second quarter. Fulton Bank N.A. now owns 1,296 shares of the software maker’s stock valued at $486,000 after buying an additional 33 shares during the last quarter. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Trading Up 1.1%

Shares of CDNS stock opened at $352.84 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.53 and a current ratio of 1.74. The company has a market capitalization of $97.17 billion, a price-to-earnings ratio of 70.15, a PEG ratio of 3.73 and a beta of 1.13. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $416.69. The company has a 50-day simple moving average of $319.56 and a two-hundred day simple moving average of $337.12.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping the consensus estimate of $2.05 by $0.06. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The company’s quarterly revenue was up 24.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.65 EPS. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. Research analysts anticipate that Cadence Design Systems, Inc. will post 6.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Paul Scannell sold 280 shares of Cadence Design Systems stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $339.00, for a total transaction of $94,920.00. Following the sale, the vice president directly owned 31,720 shares in the company, valued at $10,753,080. The trade was a 0.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $285.51, for a total transaction of $51,391.80. Following the transaction, the director owned 7,824 shares of the company’s stock, valued at approximately $2,233,830.24. The trade was a 2.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,960 shares of company stock worth $2,185,879 in the last ninety days. Company insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CDNS. KeyCorp reissued an “overweight” rating on shares of Cadence Design Systems in a research report on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $420.00 price target (up from $400.00) on shares of Cadence Design Systems in a research note on Wednesday. Rothschild & Co Redburn boosted their price objective on Cadence Design Systems from $385.00 to $395.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Benchmark reissued a “buy” rating on shares of Cadence Design Systems in a research note on Tuesday, July 28th. Finally, Rosenblatt Securities raised their target price on Cadence Design Systems from $410.00 to $420.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and an average target price of $404.14.

Cadence Design Systems Profile

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.