New Analyst Forecast: $CDNS Given $360.0 Price Target

We just received data on a new analyst forecast for $CDNS. Siti Panigrahi from Mizuho set a price target of 360.0 for CDNS.

To track analyst ratings and price targets for $CDNS, check out Quiver Quantitative's $CDNS forecast page.

$CDNS Price Targets

Multiple analysts have issued price targets for $CDNS recently. We have seen 12 analysts offer price targets for $CDNS in the last 6 months, with a median target of $340.0.

Here are some recent targets:

• Siti Panigrahi from Mizuho set a target price of $360.0 on 07/22/2025
• Gary Mobley from Loop Capital set a target price of $370.0 on 07/14/2025
• Jason Celino from Keybanc set a target price of $358.0 on 07/10/2025
• James Schneider from Goldman Sachs set a target price of $380.0 on 07/10/2025
• Joe Quatrochi from Wells Fargo set a target price of $365.0 on 05/16/2025
• Charles Shi from Needham set a target price of $325.0 on 05/13/2025
• Blair Abernethy from Rosenblatt set a target price of $300.0 on 04/29/2025

$CDNS 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 JEFFERSON SHREVE sold up to $100,000 on 05/12.
• REPRESENTATIVE GREG LANDSMAN sold up to $15,000 on 03/27.
• REPRESENTATIVE ROBERT BRESNAHAN purchased up to $15,000 on 03/17.
• 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.

$CDNS Insider Trading Activity

$CDNS insiders have traded $CDNS stock on the open market 34 times in the past 6 months. Of those trades, 0 have been purchases and 34 have been sales.

Here’s a breakdown of recent trading of $CDNS stock by insiders over the last 6 months:

• CHIN-CHI TENG (Sr. Vice President) has made 0 purchases and 16 sales selling 30,740 shares for an estimated $9,395,739.
• ANIRUDH DEVGAN (President and CEO) sold 10,737 shares for an estimated $3,328,470
• PAUL CUNNINGHAM (Sr. Vice President) has made 0 purchases and 7 sales selling 5,250 shares for an estimated $1,509,679.
• PAUL SCANNELL (Sr. Vice President) sold 4,710 shares for an estimated $1,413,000
• KARNA NISEWANER (SVP & General Counsel) has made 0 purchases and 2 sales selling 2,421 shares for an estimated $624,635.
• JAMES D PLUMMER sold 868 shares for an estimated $277,715
• ITA M BRENNAN has made 0 purchases and 6 sales selling 360 shares for an estimated $104,220.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$CDNS Hedge Fund Activity

We have seen 586 institutional investors add shares of $CDNS stock to their portfolio, and 627 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• ALPHINITY INVESTMENT MANAGEMENT PTY LTD removed 1,779,444 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $452,565,992
• BLACKROCK, INC. added 1,332,106 shares (+4.4%) to their portfolio in Q1 2025, for an estimated $338,794,518
• LONE PINE CAPITAL LLC added 1,218,389 shares (+inf%) to their portfolio in Q1 2025, for an estimated $309,872,874
• GAMMA INVESTING LLC removed 1,211,620 shares (-99.5%) from their portfolio in Q2 2025, for an estimated $373,360,703
• PRICE T ROWE ASSOCIATES INC /MD/ removed 1,078,675 shares (-36.7%) from their portfolio in Q1 2025, for an estimated $274,339,412
• JENNISON ASSOCIATES LLC added 1,054,702 shares (+13.2%) to their portfolio in Q1 2025, for an estimated $268,242,359
• JPMORGAN CHASE & CO added 850,565 shares (+30.2%) to their portfolio in Q1 2025, for an estimated $216,324,196

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.