519,690 Cadence Design Systems, Inc. $CDNS Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC decreased its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 98.6% in the third quarter, HoldingsChannel.com reports. The fund owned 7,578 shares of the software maker’s stock after selling 519,690 shares during the quarter. Curated Wealth Partners LLC’s holdings in Cadence Design Systems were worth $2,502,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Van ECK Associates Corp increased its position in shares of Cadence Design Systems by 21.8% during the 2nd quarter. Van ECK Associates Corp now owns 4,889,765 shares of the software maker’s stock valued at $1,835,227,000 after purchasing an additional 874,392 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Cadence Design Systems by 1.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,385,655 shares of the software maker’s stock valued at $1,270,704,000 after buying an additional 48,937 shares in the last quarter. J. Stern & Co. LLP boosted its position in Cadence Design Systems by 10,159.3% in the 4th quarter. J. Stern & Co. LLP now owns 2,953,256 shares of the software maker’s stock valued at $923,129,000 after buying an additional 2,924,470 shares during the period. Legal & General Group Plc purchased a new position in shares of Cadence Design Systems during the second quarter worth approximately $702,615,000. Finally, Jupiter Topco LLC purchased a new position in Cadence Design Systems during the 2nd quarter worth $688,746,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Analyst Upgrades and Downgrades

CDNS has been the topic of a number of research reports. Bank of America raised their target price on shares of Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Robert W. Baird increased their target price on shares of Cadence Design Systems from $415.00 to $420.00 and gave the company an “outperform” rating in a research report on Tuesday, July 28th. Needham & Company LLC restated a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a report on Tuesday, July 28th. Morgan Stanley restated an “overweight” rating and set a $400.00 price target (up from $370.00) on shares of Cadence Design Systems in a research note on Wednesday, July 29th. Finally, FBN Securities assumed coverage on Cadence Design Systems in a research report on Friday, September 11th. They issued an “outperform” rating and a $375.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cadence Design Systems currently has an average rating of “Moderate Buy” and an average target price of $404.14.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, Director Ita Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $285.51, for a total value of $51,391.80. Following the completion of the transaction, the director directly owned 7,824 shares of the company’s stock, valued at $2,233,830.24. The trade was a 2.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Cunningham sold 2,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $277.12, for a total transaction of $554,240.00. Following the completion of the transaction, the vice president owned 121,793 shares of the company’s stock, valued at approximately $33,751,276.16. This trade represents a 1.62% decrease in their position. 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 ninety days, insiders have sold 6,960 shares of company stock valued at $2,185,879. Corporate insiders own 0.49% of the company’s stock.

Cadence Design Systems Price Performance

Cadence Design Systems stock traded down $7.40 during trading on Thursday, reaching $322.06. The company had a trading volume of 935,130 shares, compared to its average volume of 2,438,914. 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 firm’s 50-day simple moving average is $319.53 and its 200 day simple moving average is $338.60. The firm has a market capitalization of $88.69 billion, a PE ratio of 64.05, a price-to-earnings-growth ratio of 3.58 and a beta of 1.13. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $416.69.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings data on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, beating the consensus estimate of $2.05 by $0.06. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.58 billion. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%. The firm’s revenue was up 24.2% compared to the same quarter last year. During the same period in the prior year, the company 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. As a group, equities research analysts anticipate that Cadence Design Systems, Inc. will post 6.41 earnings per share for the current fiscal year.

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.