IPG Investment Advisors LLC Takes Position in Cadence Design Systems, Inc. $CDNS

IPG Investment Advisors LLC purchased a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) in the second quarter, Holdings Channel.com reports. The fund purchased 5,068 shares of the software maker’s stock, valued at approximately $1,902,000.

Other large investors have also bought and sold shares of the company. California State Teachers Retirement System raised its stake in Cadence Design Systems by 37,856.6% during the second quarter. California State Teachers Retirement System now owns 154,968,502 shares of the software maker’s stock worth $58,162,778,000 after acquiring an additional 154,560,224 shares in the last quarter. Norges Bank bought a new position in Cadence Design Systems in the 4th quarter valued at approximately $1,352,922,000. J. Stern & Co. LLP boosted its position in Cadence Design Systems by 10,159.3% in the fourth 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 in the last quarter. Legal & General Group Plc bought a new stake in shares of Cadence Design Systems during the second quarter worth $702,615,000. Finally, Jupiter Topco LLC bought a new stake in shares of Cadence Design Systems during the second quarter worth $688,746,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CDNS has been the subject of a number of research reports. Wells Fargo & Company increased their price target on Cadence Design Systems from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. Piper Sandler upped their target price on Cadence Design Systems from $325.00 to $349.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Morgan Stanley reiterated an “overweight” rating and issued a $400.00 target price on shares of Cadence Design Systems in a research report on Wednesday, July 29th. Robert W. Baird lifted their price target on Cadence Design Systems from $415.00 to $420.00 and gave the company an “outperform” rating in a research note on Tuesday, July 28th. Finally, Rosenblatt Securities boosted their price target on Cadence Design Systems from $410.00 to $420.00 and gave the stock a “buy” rating in a report on Tuesday, July 28th. Thirteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $405.69.

Cadence Design Systems Trading Up 0.2%

Shares of CDNS stock opened at $284.60 on Thursday. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $416.69. The company has a current ratio of 1.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.36. The stock has a market cap of $78.38 billion, a price-to-earnings ratio of 56.58, a PEG ratio of 3.05 and a beta of 1.14. The stock has a 50-day moving average of $336.28 and a 200-day moving average of $333.89.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results 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 business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.65 earnings per share. 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. On average, equities research analysts forecast that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of Cadence Design Systems stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $320.88, for a total value of $401,100.00. Following the completion of the transaction, the director directly owned 40,794 shares of the company’s stock, valued at approximately $13,089,978.72. This trade represents a 2.97% decrease in their position. 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, VP Paul Cunningham sold 2,000 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $323.32, for a total value of $646,640.00. Following the completion of the transaction, the vice president directly owned 124,586 shares in the company, valued at $40,281,145.52. This represents a 1.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 5,530 shares of company stock worth $1,924,660. Company insiders own 0.49% of the company’s stock.

About Cadence Design Systems

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

The company offers solutions spanning digital and custom IC design, functional verification, digital and analog simulation, emulation and prototyping, system analysis, and 3D computational fluid dynamics.