Park National Corp OH Increases Stock Holdings in Cadence Design Systems, Inc. $CDNS

Park National Corp OH grew its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 186.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 372,703 shares of the software maker’s stock after purchasing an additional 242,816 shares during the quarter. Cadence Design Systems makes up approximately 3.3% of Park National Corp OH’s investment portfolio, making the stock its 8th largest position. Park National Corp OH’s holdings in Cadence Design Systems were worth $123,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Cadence Design Systems by 1.1% in the 4th quarter. State Street Corp now owns 12,603,368 shares of the software maker’s stock worth $3,939,561,000 after buying an additional 135,206 shares during the period. Van ECK Associates Corp increased its position in 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Cadence Design Systems by 1.5% in 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 purchasing an additional 48,937 shares in the last quarter. J. Stern & Co. LLP lifted its position in shares of 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 worth $923,129,000 after purchasing an additional 2,924,470 shares during the period. Finally, Legal & General Group Plc purchased a new stake in shares of Cadence Design Systems in the 2nd quarter worth approximately $702,615,000. Hedge funds and other institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Stock Up 0.4%

Shares of Cadence Design Systems stock traded up $1.24 during trading on Monday, reaching $352.59. The company’s stock had a trading volume of 844,617 shares, compared to its average volume of 2,463,389. The company has a 50-day simple moving average of $317.93 and a two-hundred day simple moving average of $335.16. Cadence Design Systems, Inc. has a 1-year low of $262.75 and a 1-year high of $416.69. The company has a market cap of $97.10 billion, a price-to-earnings ratio of 70.08, a P/E/G ratio of 3.77 and a beta of 1.13. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.06. Cadence Design Systems had a return on equity of 27.98% and a net margin of 23.60%.The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the business posted $1.65 earnings per share. The firm’s revenue was up 24.2% compared to the same quarter last year. 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 analysts forecast that Cadence Design Systems, Inc. will post 6.4 earnings per share for the current year.

Insider Activity at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Scannell sold 280 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $339.00, for a total transaction of $94,920.00. Following the sale, the vice president owned 31,720 shares of the company’s stock, valued at approximately $10,753,080. The trade was a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the firm’s stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $320.88, for a total transaction 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 represents a 2.97% decrease in their position. 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. Insiders have sold 5,710 shares of company stock valued at $1,748,292 over the last 90 days. Company insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on CDNS shares. Rosenblatt Securities lifted their price objective on shares of Cadence Design Systems from $410.00 to $420.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Morgan Stanley reissued an “overweight” rating and issued a $400.00 price target on shares of Cadence Design Systems in a research report on Wednesday, July 29th. Stifel Nicolaus upped their price objective on Cadence Design Systems from $395.00 to $432.00 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Citigroup lifted their target price on Cadence Design Systems from $400.00 to $420.00 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Finally, Bank of America increased their price target 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $404.12.

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.