Amundi 13F: Adds $28M to Cadence Design Systems (CDNS) Stake

Amundi's Increased Position

Amundi has boosted its position in Cadence Design Systems, Inc. (CDNS) by 75,492 shares, growing its total stake to 2,060,334 shares. This change represents a 3.8% increase in their holdings, valued at approximately $767.9 million as of May 18, 2026, according to the latest Form 13F filing with the SEC.

Insights on the Position Change

Amundi's decision to add shares reflects growing confidence in Cadence's performance. The fund's previous share count was 1,984,842, so this latest move marks a clear vote of confidence in the tech company's prospects.

Institutional Activity

While Amundi is the only fund reported in this filing, it's worth noting that Cadence has seen other recent institutional movements. For example, Danske Bank A opened a new position in Cadence Design Systems with 185,690 shares on May 12, 2026. Additionally, First Trust Advisors recently trimmed its stake by over 104,000 shares, now holding nearly 498,000 shares. These changes illustrate varying approaches to Cadence among institutional investors.

How Cadence Design Systems, Inc. Stock Has Traded

Cadence Design Systems' shares are currently trading at $372.72, well above its 52-week low of $262.75 and close to its 52-week high of $416.69. The stock's performance is significant as it reflects strong investor interest and confidence in the company's growth trajectory.

Recent Earnings

In its most recent financial report, Cadence reported revenue of approximately $5.84 billion, with a revenue growth rate of 24.2%. The company also posted an earnings per share (EPS) of $5.04. Its next earnings report is scheduled for October 26, 2026, which will provide further insights into its financial health.

Insider Buying and Selling at Cadence Design Systems, Inc.

Cadence has also seen insider activity recently. On June 22, 2026, Chin-Chi Teng, a Senior Vice President, purchased 1,000 shares at an average price of $202.94, totaling about $202,940. Conversely, Paul Cunningham, another Senior Vice President, sold 2,000 shares on June 15, 2026, as part of a planned transaction. These transactions highlight ongoing insider interest in the company's stock.

Analysts Set New Price Targets

Analysts are generally optimistic about Cadence Design Systems. On July 28, 2026, several firms, including B of A Securities, Citigroup, and Rosenblatt, maintained a "Buy" rating with a price target of $420. Additionally, Baird maintained an "Outperform" rating with a target of $420, while Piper Sandler took a more neutral stance with a target of $349. The consensus among analysts indicates strong confidence in Cadence's growth potential.

What Cadence Design Systems, Inc. Does

Cadence Design Systems, Inc. develops software and hardware solutions for electronic design automation. Its products are essential for designing and verifying complex chip systems, making it a key player in the technology sector. Amundi's increased stake signifies confidence in the company's ability to navigate the evolving tech landscape.

What's Ahead for Cadence Design Systems, Inc.

Investors should keep an eye on the upcoming earnings report on October 26, 2026, for additional insights into Cadence's performance. As a reminder, Amundi's latest 13F filing reflects holdings as of May 18, 2026, and may not represent its current position.