Danske Bank A 13F: New $70M Stake in CDNS

Danske Bank A has taken a new position in Cadence Design Systems, Inc. (NasdaqGS: CDNS), as revealed in its latest 13F filing with the SEC. The bank acquired 185,690 shares, valued at approximately $73.25 million, reflecting a significant move into the software company's stock.

What Changed in Danske Bank A's Cadence Design Systems Position

Danske Bank A's acquisition of Cadence Design Systems shares marks a new position, with the bank now holding 185,690 shares. This was a fresh purchase, as there were no shares held prior to this action.

Other Institutional Activity in Cadence Design Systems

Other major institutional investors have also adjusted their positions in Cadence Design Systems. BlackRock, Inc. trimmed its holdings by 694,182 shares, leaving it with 25,452,593 shares valued at about $7.07 billion. Vanguard Capital Management LLC added 17,813,174 shares, resulting in a holding of the same amount worth approximately $4.95 billion. Meanwhile, State Street Corp reduced its stake by 111,345 shares, now holding 12,492,023 shares valued at $3.47 billion. FMR LLC cut its position by 730,636 shares, retaining 9,153,206 shares worth about $2.54 billion. Geode Capital Management, LLC increased its stake by 248,199 shares, ending with 7,875,471 shares valued at $2.19 billion.

Cadence Design Systems, Inc. Stock Up 16.9%

Shares of Cadence Design Systems (NasdaqGS: CDNS) traded near $394.50 recently. The company boasts a market cap of $108.81 billion and a P/E ratio of 91.74, indicating high investor expectations. Its stock has seen a 52-week low of $262.75 and a high of $416.69, with a 50-day moving average of $347.38 and a 200-day moving average of $325.74. The beta of 1.149 suggests slightly higher volatility compared to the overall market.

Recent Earnings

Cadence Design Systems reported revenue of $5.53 billion with a growth rate of 18.7%. The company achieved an EPS of $4.30, a net margin of 21.18%, and a return on equity of 20.66%. The next earnings report is scheduled for July 27, 2026.

Insider Buying and Selling at Cadence Design Systems, Inc.

There has been notable insider activity at Cadence Design Systems. CEO Anirudh Devgan sold 25,005 shares at $415.00 each on June 2, 2026, under a planned transaction. Senior Vice President Paul Scannell sold 7,081 shares at an average price of $393.91 on June 1, 2026, also as part of a planned sale.

Analysts Set New Price Targets

Analysts have been active in maintaining their ratings on Cadence Design Systems. On June 9, 2026, Stifel maintained a 'buy' rating with a price target of $432.00. Wells Fargo reiterated its 'buy' rating with a $425.00 target on May 26, 2026. The consensus among analysts is strong buy, with a mean target price of $385.37 across 26 opinions.

About Cadence Design Systems

Cadence Design Systems, Inc., headquartered in San Jose, California, develops software and hardware solutions for electronic design. The company offers a range of products including AI-driven software, hardware, and silicon intellectual property. Cadence serves the technology sector, specifically in the application software industry, under the leadership of CEO Dr. Anirudh Devgan.

Bottom Line

Danske Bank A's new stake in Cadence Design Systems highlights the bank's interest in the technology sector. This move, disclosed in a backward-looking 13F filing, provides insight into institutional confidence in Cadence's growth prospects. Investors will continue to watch insider transactions and analyst ratings for further signals on the company's performance.