CDNS

CADENCE DESIGN SYSTEMS INC

Nasdaq · Services-Prepackaged Software · Inc. DE · CIK 0000813672
$384.96 +0.32% $106.2B
Insider Selling Cluster (4 insiders)33 New Institutional Positions17 Institutional ExitsCongressional Activity (1)
Vol
Market Cap$106.2B
Cap SizeLarge Cap
Analyst ConsensusStrong Buy (91%)
Inst. Holders50 funds
Inst. Value$41.2B
Inst. Activity33 buys / 17 sells
Insider Activity0B / 14S
Insider Net $-$65.3M
SEC Reports9
Congressional1 trades
Exchange Nasdaq·Sector Services-Prepackaged Software·Inc. DE·CIK 0000813672·Prev Close $383.74

Recent Activity

Jul 27, 2026 earnings_calendar
CDNS Q2 2026 Earnings After Market Close — 2026-07-27
EPS est: $1.92 | Rev est: $1.5B
Jun 10, 2026 Insider
Brennan Ita M sold 21 shares
Director @ $383.29 ($8.0K)
Jun 3, 2026 SEC
President & CEO Anirudh Devgan and SVP Paul Scannell sold a combined $23.26M in open-market stock on June 1, 2026. Devga
CLUSTER — Impact 3/10
Jun 2, 2026 Insider
DEVGAN ANIRUDH sold 25,005 shares
President and CEO @ $415.00 ($10.4M)
Jun 1, 2026 Insider
DEVGAN ANIRUDH sold 51,822 shares
President and CEO @ $395.00 ($20.5M)
May 31, 2026 SEC
Rosenblatt upgrades CDNS to Buy from Neutral — PT $360 (+7.5%)
ANALYST-UPGRADE — Impact 3/10
May 1, 2026 SEC
Rosenblatt upgrades Cadence Design Systems to Buy — PT $360 (+9.2%)
ANALYST-UPGRADE — Impact 3/10
Inst.
JENNISON ASSOCIATES LLC — TRIM
5,761,905 shares ($1.6B)

Price Targets

$385.37 +0.1% upside Hold
Current $384.96 Low $275.00 Median $387.50 High $440.00 26 analysts
$275.00 $440.00

Analyst Ratings

Strong Buy91% buy · 32 analysts
9Strong Buy
20Buy
3Hold
0Sell
0Strong Sell
Recent Analyst Actions
DateFirmActionRating
Jun 9, 2026 Stifel MAINTAIN Buy → Buy
May 26, 2026 Wells Fargo MAINTAIN Overweight → Overweight
Apr 29, 2026 Citigroup MAINTAIN Buy → Buy
Apr 28, 2026 Wells Fargo MAINTAIN Overweight → Overweight
Apr 28, 2026 Keybanc MAINTAIN Overweight → Overweight

Earnings Estimates

PeriodEPS Est.RangeGrowth#
Current Q $2.05 $2.03 — $2.08 25% YoY 19
Next Q $1.94 $1.79 — $2.10 1% YoY 18
Current FY $4.49 $4.38 — $4.67 11% YoY 13
Next FY $9.38 $8.71 — $9.91 18% YoY 23

Top Institutional Holders

FundValueMove
BlackRock, Inc.$7.1B
VANGUARD CAPITAL MANAGEMENT LLC$4.9B
STATE STREET CORP$3.5B
FMR LLC$2.5B
VANGUARD PORTFOLIO MANAGEMENT LLC$2.0B

Recent Insider Trades

DateInsiderTypeValue
Jun 10, 2026Brennan ItaSELL$8.0K
Jun 2, 2026DEVGAN ANIRUDHSELL$10.4M
Jun 1, 2026DEVGAN ANIRUDHSELL$20.5M
Jun 1, 2026DEVGAN ANIRUDHM$2.1M
Jun 1, 2026Scannell PaulSELL$2.8M

Congressional Trades

1 members: 1 buys, 0 sells
MemberPartyTypeAmount
Ro KhannaDBUY$1,001 - $15,000
50 institutional holders with $41.2B total value (147,809,709 shares) as of 2026-Q1. Top holders: BlackRock,, VANGUARD, STATE. Net buying activity: 33 institutions added/increased vs 17 reduced.

Top Institutional Holders — 2026-Q1

#FundSharesValue% of TrackedLast Move
1BlackRock, Inc.25,452,593$7.1B17.2%
2VANGUARD CAPITAL MANAGEMENT LLC17,813,174$4.9B12.0%
3STATE STREET CORP12,492,023$3.5B8.4%
4FMR LLC9,153,206$2.5B6.2%
5VANGUARD PORTFOLIO MANAGEMENT LLC7,031,933$2.0B4.7%
6JENNISON ASSOCIATES LLC5,761,905$1.6B3.9%TRIM -25.3%
7ALLIANCEBERNSTEIN L.P.5,008,665$1.6B3.8%
8WELLINGTON MANAGEMENT GROUP LLP4,901,229$1.4B3.3%ADD +92.0%
9GOLDMAN SACHS GROUP INC4,025,703$1.1B2.7%
10Capital International Investors3,954,412$1.1B2.7%NEW
11MORGAN STANLEY3,474,474$965.5M2.3%
12Invesco Ltd.3,022,123$839.8M2.0%
13MASSACHUSETTS FINANCIAL SERVICES CO /MA/2,974,520$838.7M2.0%TRIM -38.0%
14FRANKLIN RESOURCES INC2,690,581$747.6M1.8%
15JANUS HENDERSON GROUP PLC2,298,483$638.7M1.5%
16SCHRODER INVESTMENT MANAGEMENT GROUP2,198,452$610.9M1.5%
17Amundi2,060,334$572.5M1.4%
18CHARLES SCHWAB INVESTMENT MANAGEMENT INC2,013,314$559.4M1.4%
19Legal & General Group Plc1,968,343$546.9M1.3%
20Swedbank AB1,835,744$510.1M1.2%

Recent Position Changes

FundActionPrev SharesCurr SharesChange %ValueQuarter
JENNISON ASSOCIATES LLCTRIM7,715,5505,761,905-25.3%$1.6B2026-Q1
WELLINGTON MANAGEMENT GROUP LLPADD2,553,2254,901,229+92.0%$1.4B2026-Q1
Capital International InvestorsNEW3,954,412$1.1B2026-Q1
MASSACHUSETTS FINANCIAL SERVICES CO /MA/TRIM4,794,2862,974,520-38.0%$838.7M2026-Q1
ARROWSTREET CAPITAL, LIMITED PARTNERSHIPDOUBLED430,7371,430,599+232.1%$397.5M2026-Q1
BANK OF AMERICA CORP /DE/TRIM1,552,4051,100,771-29.1%$305.9M2026-Q1
Temasek Holdings (Private) LtdDOUBLED178,576749,113+319.5%$208.2M2026-Q1
BNP Paribas Asset Management Holding S.A.TRIM1,076,444670,931-37.7%$186.4M2026-Q1
ENVESTNET ASSET MANAGEMENT INCTRIM948,156613,175-35.3%$170.4M2026-Q1
CANADA PENSION PLAN INVESTMENT BOARDADD387,366507,690+31.1%$141.1M2026-Q1
1832 Asset Management L.P.TRIM652,930451,039-30.9%$125.3M2026-Q1
Unisphere EstablishmentNEW413,500$114.9M2026-Q1
CAISSE DE DEPOT ET PLACEMENT DU QUEBECADD210,564334,452+58.8%$92.9M2026-Q1
VOYA INVESTMENT MANAGEMENT LLCTRIM592,301321,018-45.8%$89.2M2026-Q1
Freestone Grove Partners LPDOUBLED18,839269,954+1333.0%$75.0M2026-Q1
SEI INVESTMENTS COTRIM552,378267,420-51.6%$74.3M2026-Q1
Korea Investment CORPADD174,767262,318+50.1%$72.9M2026-Q1
Assenagon Asset Management S.A.NEAR_EXIT1,124,417224,138-80.1%$62.3M2026-Q1
Zurich Insurance Group Ltd/FINEW190,259$52.9M2026-Q1
NEOS Investment Management LLCADD146,905186,766+27.1%$51.9M2026-Q1
Artisan Partners Limited PartnershipTRIM328,118169,948-48.2%$47.2M2026-Q1
NOMURA ASSET MANAGEMENT CO LTDTRIM236,240169,178-28.4%$47.0M2026-Q1
Allianz Asset Management GmbHDOUBLED60,554166,871+175.6%$46.4M2026-Q1
PRUDENTIAL FINANCIAL INCTRIM375,136164,881-56.0%$45.8M2026-Q1
LOS ANGELES CAPITAL MANAGEMENT LLCDOUBLED33,010162,296+391.7%$45.1M2026-Q1
16 unique insiders with 50 transactions. Net insider value: -$65.3M ($0.00 bought, $65.3M sold).

Insider Transactions

DateInsiderTitleTypeSharesPriceValue
Jun 10, 2026Brennan Ita MDirectorSELL21$383.29$8.0K
Jun 2, 2026DEVGAN ANIRUDHPresident and CEOSELL25,005$415.00$10.4M
Jun 1, 2026DEVGAN ANIRUDHPresident and CEOSELL51,822$395.00$20.5M
Jun 1, 2026DEVGAN ANIRUDHPresident and CEOEXERCISE26,821$78.76$2.1M
Jun 1, 2026Scannell PaulSr. Vice PresidentSELL7,081$393.91$2.8M
Jun 1, 2026Scannell PaulSr. Vice PresidentEXERCISE7,081$285.19$2.0M
May 22, 2026TENG CHIN-CHISr. Vice PresidentEXERCISE1,000$202.94$202.9K
May 22, 2026TENG CHIN-CHISr. Vice PresidentSELL2,117$361.88$766.1K
May 22, 2026DEVGAN ANIRUDHPresident and CEOEXERCISE25,000$78.76$2.0M
May 22, 2026DEVGAN ANIRUDHPresident and CEOSELL51,887$370.00$19.2M
May 18, 2026Scannell PaulSr. Vice PresidentSELL1,071$345.06$369.6K
May 18, 2026Scannell PaulSr. Vice PresidentSELL1,071$345.06$369.6K
May 15, 2026Taxay MarcSVP & General CounselTAX W/H1,384$347.24$480.6K
May 15, 2026Scannell PaulSr. Vice PresidentTAX W/H75$347.24$26.0K
May 15, 2026Scannell PaulSr. Vice PresidentTAX W/H75$347.24$26.0K
May 7, 2026Liuson JuliaDirectorAWARD714
May 7, 2026SOHN YOUNGDirectorAWARD714
May 7, 2026PLUMMER JAMES DDirectorGIFT779
May 7, 2026PLUMMER JAMES DDirectorAWARD714
May 7, 2026Adams MarkDirectorGIFT779
May 7, 2026Adams MarkDirectorAWARD714
May 7, 2026CHEW LEWISDirectorAWARD714
May 7, 2026Brennan Ita MDirectorAWARD714
May 7, 2026Krakauer Mary LDirectorAWARD714
May 7, 2026GAVRIELOV MOSHEDirectorAWARD714
May 7, 2026SANGIOVANNI VINCENTELLI ALBERTODirectorAWARD714
May 7, 2026Van den hove LucDirectorAWARD714
May 6, 2026Scannell PaulSr. Vice PresidentTAX W/H619$354.90$219.7K
May 6, 2026SOHN YOUNGDirectorGIFT72$354.90$25.6K
May 5, 2026WALL JOHN MSr. VP & CFOSELL412$346.68$142.8K
May 1, 2026Scannell PaulSr. Vice PresidentSELL10,500$339.00$3.6M
May 1, 2026Cunningham PaulSr. Vice PresidentSELL1,000$337.49$337.5K
Apr 16, 2026WALL JOHN MSr. VP & CFOSELL21,500$309.45$6.7M
Apr 1, 2026Cunningham PaulSr. Vice PresidentSELL1,000$280.19$280.2K
Mar 18, 2026DEVGAN ANIRUDHPresident and CEOTAX W/H18,138$289.64$5.3M
Mar 18, 2026DEVGAN ANIRUDHPresident and CEOAWARD146,849
Mar 18, 2026Cunningham PaulSr. Vice PresidentAWARD39,032
Mar 18, 2026Cunningham PaulSr. Vice PresidentTAX W/H3,546$289.64$1.0M
Mar 18, 2026Taxay MarcSVP & General CounselAWARD973
Mar 18, 2026TENG CHIN-CHISr. Vice PresidentAWARD39,032
Mar 18, 2026TENG CHIN-CHISr. Vice PresidentTAX W/H3,546$289.64$1.0M
Mar 18, 2026Scannell PaulSr. Vice PresidentAWARD8,962
Mar 18, 2026Scannell PaulSr. Vice PresidentTAX W/H4,492$289.64$1.3M
Mar 18, 2026WALL JOHN MSr. VP & CFOAWARD43,239
Mar 18, 2026WALL JOHN MSr. VP & CFOTAX W/H4,239$289.64$1.2M
Mar 17, 2026DEVGAN ANIRUDHPresident and CEOTAX W/H7,559$293.75$2.2M
Mar 17, 2026TENG CHIN-CHISr. Vice PresidentTAX W/H2,362$293.75$693.8K
Mar 17, 2026Scannell PaulSr. Vice PresidentTAX W/H1,610$293.75$472.9K
Mar 17, 2026Brennan Ita MDirectorSELL73$293.53$21.4K
Mar 17, 2026WALL JOHN MSr. VP & CFOTAX W/H2,867$293.75$842.2K

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Strong Buy (91% buy). Based on 32 analysts: 9 strong buy, 20 buy, 3 hold, 0 sell, 0 strong sell.

Analyst Price Targets

$385.37 mean target +0.1% upside Hold (1.48)
$275.00 Low $440.00 High
MetricValue
Current Price$384.96
Target Low$275.00
Target Mean$385.37
Target Median$387.50
Target High$440.00
# Analysts26
RecommendationHold (1.48)

Earnings Estimates & Revisions

PeriodEPS AvgEPS LowEPS HighEPS Growth30d Rev.Up/DownRev. AvgRev. GrowthAnalysts
Current Q
2026-06-30
$2.05 $2.03 $2.08 24.5% +0.0% 8↑ 0↓ $1.6B 23.5% 19
Next Q
2026-09-30
$1.94 $1.79 $2.10 0.5% +0.0% 2↑ 6↓ $1.6B 15.8% 18
Current FY
2026-12-31
$4.49 $4.38 $4.67 10.7% -0.0% 0↑ 4↓ $6.2B 17.1% 13
Next FY
2027-12-31
$9.38 $8.71 $9.91 18.0% +0.0% 11↑ 2↓ $7.0B 13.1% 23

Current Quarter EPS Revision History

TimepointEPS EstimateChange
Current$2.055
7d ago$2.055
30d ago$2.055
60d ago$1.836+0.219
90d ago$1.836+0.219
9 analyst firms have rated this stock: 1 upgrades, 0 downgrades, 0 initiations.

Individual Analyst Actions

DateAnalyst FirmActionPrevious RatingNew Rating
Jun 9, 2026 Stifel MAINTAIN Buy Buy
May 26, 2026 Wells Fargo MAINTAIN Overweight Overweight
Apr 29, 2026 Citigroup MAINTAIN Buy Buy
Apr 28, 2026 Wells Fargo MAINTAIN Overweight Overweight
Apr 28, 2026 Keybanc MAINTAIN Overweight Overweight
Apr 28, 2026 Rosenblatt MAINTAIN Buy Buy
Apr 28, 2026 Baird MAINTAIN Outperform Outperform
Apr 28, 2026 Needham REITERATE Buy Buy
Apr 28, 2026 Piper Sandler MAINTAIN Neutral Neutral
Apr 24, 2026 Rosenblatt MAINTAIN Buy Buy
Apr 20, 2026 Needham MAINTAIN Buy Buy
Feb 26, 2026 Rosenblatt MAINTAIN Buy Buy
Feb 18, 2026 Wells Fargo MAINTAIN Overweight Overweight
Feb 18, 2026 Rosenblatt UPGRADE Neutral Buy
Feb 18, 2026 Piper Sandler MAINTAIN Neutral Neutral
Feb 18, 2026 Morgan Stanley MAINTAIN Overweight Overweight
Feb 18, 2026 Needham REITERATE Buy Buy
Feb 17, 2026 Rosenblatt MAINTAIN Neutral Neutral
Dec 22, 2025 Needham REITERATE Buy Buy

Monthly Consensus History

PeriodStrong BuyBuyHoldSellStrong SellBuy %Distribution
Jun 1, 202692030091%
May 1, 202692030091%
Apr 1, 202691940088%
Mar 1, 202691940088%
Feb 1, 202691760081%
Jan 1, 202691760081%
Dec 1, 202591750181%
Nov 1, 202571660177%
Strong BuyBuyHoldSellStrong Sell
1 members of Congress traded this stock: 1 buys, 0 sells.

Congressional Trades

DateMemberPartyChamberTypeAmountAssetDisclosed
Apr 13, 2026Ro KhannaDHOUSEBUY$1,001 - $15,000Cadence Design Systems IncMay 13, 2026 (31d)

No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.

Jul 27, 2026
earnings_calendar
CDNS Q2 2026 Earnings After Market Close — 2026-07-27
EPS est: $1.92 | Rev est: $1.5B
Jun 11, 2026
short_volume
Short Volume: CDNS — 66.5% short (0.4M / 0.6M)
Short: 387,569 | Exempt: 351 | TRF Vol: 582,727 | Short Ratio: 66.5% | Off-exchange volume (dark pool + OTC)
Jun 10, 2026
short_volume
Short Volume: CDNS — 67.6% short (0.4M / 0.6M)
Short: 389,790 | Exempt: 913 | TRF Vol: 577,005 | Short Ratio: 67.6% | Off-exchange volume (dark pool + OTC)
Jun 9, 2026
short_volume
Short Volume: CDNS — 64.6% short (0.4M / 0.7M)
Short: 429,442 | Exempt: 474 | TRF Vol: 665,176 | Short Ratio: 64.6% | Off-exchange volume (dark pool + OTC)
Jun 1, 2026
short_volume
Short Volume: CDNS — 62.9% short (1.1M / 1.8M)
Short: 1,109,716 | Exempt: 26,586 | TRF Vol: 1,763,863 | Short Ratio: 62.9% | Off-exchange volume (dark pool + OTC)
May 25, 2026
dark_pool
Dark Pool: CDNS — 2.4M shares, 78,562 trades
Week starting 2026-05-25. Total ATS volume: 2,390,292 shares across 78,562 trades.
May 18, 2026
dark_pool
Dark Pool: CDNS — 2.6M shares, 89,405 trades
Week starting 2026-05-18. Total ATS volume: 2,649,146 shares across 89,405 trades.
May 14, 2026
short_volume
Short Volume: CDNS — 57.7% short (0.3M / 0.6M)
Short: 346,633 | Exempt: 900 | TRF Vol: 601,069 | Short Ratio: 57.7% | Off-exchange volume (dark pool + OTC)
May 14, 2026
short_interest
FTD: CDNS — 200,814 shares ($71.2M) failed to deliver
Settlement: 20260514, Price: $354.55, FTD Value: $71,198,603.7, CADENCE DESIGN SYS INC
May 12, 2026
short_interest
FTD: CDNS — 1,979 shares ($0.7M) failed to deliver
Settlement: 20260512, Price: $364.20, FTD Value: $720,751.8, CADENCE DESIGN SYS INC
May 11, 2026
short_interest
FTD: CDNS — 46,754 shares ($17.0M) failed to deliver
Settlement: 20260511, Price: $362.70, FTD Value: $16,957,675.8, CADENCE DESIGN SYS INC
May 11, 2026
dark_pool
Dark Pool: CDNS — 2.7M shares, 78,725 trades
Week starting 2026-05-11. Total ATS volume: 2,710,735 shares across 78,725 trades.
May 4, 2026
dark_pool
Dark Pool: CDNS — 3.2M shares, 93,407 trades
Week starting 2026-05-04. Total ATS volume: 3,170,578 shares across 93,407 trades.
May 4, 2026
short_volume
Short Volume: CDNS — 55.8% short (0.5M / 1.0M)
Short: 542,494 | Exempt: 656 | TRF Vol: 971,546 | Short Ratio: 55.8% | Off-exchange volume (dark pool + OTC)
May 4, 2026
short_interest
FTD: CDNS — 2,526 shares ($0.9M) failed to deliver
Settlement: 20260504, Price: $340.94, FTD Value: $861,214.44, CADENCE DESIGN SYS INC