Amundi 13F: Adds $29M to Cadence Design Systems (CDNS) Stake

Amundi Expands Holding in Cadence Design Systems

Institutional investor Amundi grew its investment in Cadence Design Systems, Inc. CDNS during the period, adding 75,492 shares to its portfolio. The latest SEC Form 13F filing shows the fund lifted its stake by 3.8% to finish with 2,060,334 shares. That position carried an estimated value of $781.9 million at the time of the report.

Cadence Stock Valuation and Recent Trading

Shares of Cadence Design Systems trade around $379.54. The company has a P/E ratio of 58.5 and a forward P/E of 30.9, reflecting expectations for future earnings growth at the software developer.

Insider Buying and Selling at Cadence Design Systems, Inc.

Company insiders have been active in the open market recently. On June 22, 2026, senior vice president Chin-Chi Teng bought 1,000 shares at an average price of $202.94 for a total value of $202,940. Later, on June 15, 2026, senior vice president Paul Cunningham sold 2,000 shares at a price of $391.00 in a planned transaction under a rule 10b5-1 trading arrangement, bringing total proceeds to $782,000.

Wall Street Analyst Updates

Analyst firms adjusted their price targets for the chip verification software provider in late July. On July 28, 2026, B of A Securities maintained its buy rating while raising its price target to $420.00 from $400.00. On the same date, Rosenblatt maintained a buy rating and lifted its target to $420.00 from $410.00. Citigroup also kept a buy rating on July 28, 2026, pushing its target to $420.00 from $400.00, while Baird maintained an outperform rating with a $420.00 target. Needham reiterated a buy rating with a $400.00 target, and Piper Sandler maintained a neutral rating with a $349.00 target. Earlier in the month, Benchmark initiated coverage with a buy rating and a $450.00 target on July 16, 2026.

Inside the Software Maker's Operations

Cadence Design Systems builds software, hardware, and silicon intellectual property used to create complex integrated circuits and electronic systems. Headquartered in San Jose, California, the firm serves customers designing advanced chips for artificial intelligence, mobile devices, and automotive applications.

Looking Ahead for Institutional Filings

Investors tracking Amundi will need to wait for subsequent quarterly filings to see whether the firm builds further on this stake. Because 13F reports look backward, these disclosures outline holdings as of the end of the reporting period and may not reflect current positions. Cadence is scheduled to report its next round of earnings on October 26, 2026.