CADENCE DESIGN SYSTEMS ($CDNS) is expected to release its quarterly earnings data on Monday, April 28th after market close, per Finnhub. Analysts are expecting revenue of $1,263,803,143 and earnings of $1.52 per share.
You can see Quiver Quantitative's $CDNS stock page to track data on insider trading, hedge fund activity, congressional trading, and more.
CADENCE DESIGN SYSTEMS Insider Trading Activity
CADENCE DESIGN SYSTEMS insiders have traded $CDNS stock on the open market 36 times in the past 6 months. Of those trades, 0 have been purchases and 36 have been sales.
Here’s a breakdown of recent trading of $CDNS stock by insiders over the last 6 months:
- ANIRUDH DEVGAN (President and CEO) has made 0 purchases and 5 sales selling 99,071 shares for an estimated $30,676,738.
- CHIN-CHI TENG (Sr. Vice President) has made 0 purchases and 20 sales selling 41,018 shares for an estimated $12,368,369.
- JOHN M WALL (Sr. VP & CFO) sold 4,224 shares for an estimated $1,305,342
- PAUL CUNNINGHAM (Sr. Vice President) has made 0 purchases and 6 sales selling 3,900 shares for an estimated $1,095,068.
- PAUL SCANNELL (Sr. Vice President) sold 3,171 shares for an estimated $969,628
- KARNA NISEWANER (SVP & General Counsel) has made 0 purchases and 2 sales selling 2,421 shares for an estimated $624,635.
- VINCENTELLI ALBERTO SANGIOVANNI sold 1,500 shares for an estimated $447,675
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
CADENCE DESIGN SYSTEMS Hedge Fund Activity
We have seen 602 institutional investors add shares of CADENCE DESIGN SYSTEMS stock to their portfolio, and 578 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 2,633,224 shares (-33.4%) from their portfolio in Q4 2024, for an estimated $791,178,483
- HOLOCENE ADVISORS, LP added 766,171 shares (+inf%) to their portfolio in Q4 2024, for an estimated $230,203,738
- LEGAL & GENERAL GROUP PLC removed 743,370 shares (-28.0%) from their portfolio in Q4 2024, for an estimated $223,352,950
- SCHRODER INVESTMENT MANAGEMENT GROUP added 716,041 shares (+53.1%) to their portfolio in Q4 2024, for an estimated $215,141,678
- FMR LLC added 639,146 shares (+8.7%) to their portfolio in Q4 2024, for an estimated $192,037,807
- ALLIANCEBERNSTEIN L.P. added 632,175 shares (+12.5%) to their portfolio in Q4 2024, for an estimated $189,943,300
- PRICE T ROWE ASSOCIATES INC /MD/ added 601,834 shares (+25.8%) to their portfolio in Q4 2024, for an estimated $180,827,043
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
CADENCE DESIGN SYSTEMS Government Contracts
We have seen $2,453,516 of award payments to $CDNS over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- SOFTWARE MAINTENANCE: $1,099,257
- THIS IS BPA CALL # 12 FOR THE AGENCY-WIDE POINTWISE RENEWAL. QUOTE # O-1355980 DATED 05/27/2024 IS ATTACHED...: $504,916
- CADENCE SOFTWARE LICENSE RENEWAL (1 YEAR): $148,740
- POINTWISE SOFTWARE MAINTENANCE RENEWAL: $75,600
- FINETURBO HPC LICENSE: $72,819
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.
CADENCE DESIGN SYSTEMS Congressional Stock Trading
Members of Congress have traded $CDNS stock 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $CDNS stock by members of Congress over the last 6 months:
- REPRESENTATIVE GREG LANDSMAN sold up to $15,000 on 03/27.
- REPRESENTATIVE ROBERT BRESNAHAN has traded it 2 times. They made 1 purchase worth up to $15,000 on 03/17 and 1 sale worth up to $15,000 on 01/13.
- REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $15,000 on 02/26.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
CADENCE DESIGN SYSTEMS Analyst Ratings
Wall Street analysts have issued reports on $CDNS in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Loop Capital Markets issued a "Buy" rating on 11/11/2024
- Needham issued a "Buy" rating on 10/29/2024
- Piper Sandler issued a "Overweight" rating on 10/29/2024
To track analyst ratings and price targets for CADENCE DESIGN SYSTEMS, check out Quiver Quantitative's $CDNS forecast page.
CADENCE DESIGN SYSTEMS Price Targets
Multiple analysts have issued price targets for $CDNS recently. We have seen 6 analysts offer price targets for $CDNS in the last 6 months, with a median target of $327.5.
Here are some recent targets:
- Siti Panigrahi from Mizuho Securities set a target price of $300.0 on 04/15/2025
- Gary Mobley from Loop Capital Markets set a target price of $360.0 on 11/11/2024
- Vivek Arya from Bank of America Securities set a target price of $310.0 on 10/29/2024
- Charles Shi from Needham set a target price of $315.0 on 10/29/2024
- Jon Vruwink from Robert W. Baird set a target price of $340.0 on 10/29/2024
- Ruben Roy from Stifel Nicolaus set a target price of $350.0 on 10/29/2024
This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.
