Groupama Asset Managment Lowers Stock Position in Cadence Design Systems, Inc. $CDNS

Groupama Asset Managment cut its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 38.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,950 shares of the software maker’s stock after selling 36,448 shares during the quarter. Groupama Asset Managment’s holdings in Cadence Design Systems were worth $20,707,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CDNS. Y.D. More Investments Ltd bought a new stake in shares of Cadence Design Systems during the 3rd quarter valued at $26,000. Caitlin John LLC bought a new position in Cadence Design Systems in the 3rd quarter worth $29,000. Imprint Wealth LLC bought a new position in Cadence Design Systems in the 3rd quarter worth $31,000. Strategic Wealth Investment Group LLC purchased a new stake in Cadence Design Systems in the 2nd quarter worth $32,000. Finally, Promus Capital LLC bought a new stake in Cadence Design Systems during the second quarter valued at about $33,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on CDNS. Wells Fargo & Company lowered their price objective on Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Morgan Stanley cut their target price on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Needham & Company LLC reissued a “buy” rating and issued a $390.00 price target on shares of Cadence Design Systems in a report on Wednesday, February 18th. Oppenheimer upgraded Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price target for the company in a research note on Monday, December 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Fifteen analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.50.

Insider Buying and Selling

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total transaction of $53,105.40. Following the completion of the transaction, the director owned 7,470 shares in the company, valued at $2,203,874.10. This trade represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $297.78, for a total transaction of $297,780.00. Following the sale, the vice president directly owned 94,137 shares of the company’s stock, valued at $28,032,115.86. This represents a 1.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,185 shares of company stock valued at $963,238 over the last quarter. Corporate insiders own 1.99% of the company’s stock.

Cadence Design Systems Trading Down 1.4%

Shares of Cadence Design Systems stock opened at $289.64 on Thursday. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of $300.74 and a 200-day moving average price of $320.89. The firm has a market cap of $78.97 billion, a price-to-earnings ratio of 71.34, a PEG ratio of 3.53 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the business earned $1.88 earnings per share. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. Equities research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Cadence Design Systems 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.