Vestmark Advisory Solutions Inc. Purchases 3,673 Shares of Cadence Design Systems, Inc. $CDNS

Vestmark Advisory Solutions Inc. raised its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 147.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,160 shares of the software maker’s stock after buying an additional 3,673 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Cadence Design Systems were worth $2,164,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Y.D. More Investments Ltd acquired a new position in Cadence Design Systems during the third quarter worth $26,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Cadence Design Systems during the second quarter valued at about $32,000. Promus Capital LLC bought a new stake in shares of Cadence Design Systems during the second quarter worth about $33,000. Robbins Farley acquired a new stake in shares of Cadence Design Systems in the 3rd quarter worth about $35,000. Finally, Cloud Capital Management LLC bought a new position in Cadence Design Systems in the 3rd quarter valued at about $35,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Price Performance

CDNS opened at $290.63 on Wednesday. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45. The firm has a 50-day moving average of $306.55 and a 200 day moving average of $326.61. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86. The firm has a market cap of $79.24 billion, a P/E ratio of 71.58, a PEG ratio of 3.44 and a beta of 1.01.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.08. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. Cadence Design Systems’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.88 EPS. Cadence Design Systems has set its Q1 2026 guidance at 1.890-1.950 EPS and its FY 2026 guidance at 8.050-8.150 EPS. On average, research analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Activity

In other news, CEO Anirudh Devgan sold 20,000 shares of Cadence Design Systems stock in a transaction dated Friday, December 5th. The shares were sold at an average price of $340.00, for a total value of $6,800,000.00. Following the completion of the transaction, the chief executive officer owned 195,844 shares in the company, valued at $66,586,960. This trade represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John M. Wall sold 27,805 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $318.57, for a total transaction of $8,857,838.85. Following the completion of the sale, the chief financial officer directly owned 69,957 shares in the company, valued at approximately $22,286,201.49. This trade represents a 28.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 56,475 shares of company stock valued at $18,505,486. 0.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have commented on CDNS. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a report on Wednesday, February 18th. Rosenblatt Securities raised Cadence Design Systems from a “neutral” rating to a “buy” rating and lifted their target price for the company from $335.00 to $360.00 in a research report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Robert W. Baird lifted their price objective on shares of Cadence Design Systems from $390.00 to $418.00 and gave the stock an “outperform” rating in a report on Tuesday, October 28th. Finally, KeyCorp reiterated an “overweight” rating and issued a $405.00 target price on shares of Cadence Design Systems in a research note on Tuesday, October 28th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $376.50.

Cadence Design Systems Profile

Cadence Design Systems, Inc (NASDAQ: CDNS) is a global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging. Headquartered in San Jose, California and founded in 1988, Cadence serves semiconductor companies, original equipment manufacturers and system designers across the globe, helping customers accelerate design cycles and manage the complexity of modern integrated systems.

The company’s offerings span software tools for digital, custom/analog and mixed-signal design, verification and signoff, as well as solutions for system-level modeling, thermal and signal integrity analysis, and PCB and package design.