Cadence Design Systems, Inc. $CDNS Stock Holdings Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. lifted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 84.8% in the 3rd quarter, Holdings Channel reports. The fund owned 228,641 shares of the software maker’s stock after buying an additional 104,891 shares during the period. Russell Investments Group Ltd.’s holdings in Cadence Design Systems were worth $80,262,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Y.D. More Investments Ltd purchased a new position in Cadence Design Systems during the 3rd quarter worth approximately $26,000. Caitlin John LLC purchased a new stake in shares of Cadence Design Systems in the third quarter valued at $29,000. Robbins Farley purchased a new stake in shares of Cadence Design Systems in the third quarter valued at $35,000. Cloud Capital Management LLC acquired a new stake in shares of Cadence Design Systems in the third quarter worth $35,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in shares of Cadence Design Systems in the second quarter worth $32,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Transactions at Cadence Design Systems

In related news, CFO John M. Wall sold 27,805 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $318.57, for a total value of $8,857,838.85. Following the completion of the sale, the chief financial officer owned 69,957 shares of the company’s stock, valued at approximately $22,286,201.49. The trade was a 28.44% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ita M. Brennan sold 180 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $337.48, for a total value of $60,746.40. Following the completion of the transaction, the director owned 7,650 shares in the company, valued at $2,581,722. This represents a 2.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 36,480 shares of company stock valued at $11,692,189 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CDNS. Wells Fargo & Company dropped their price target on Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 18th. Oppenheimer upgraded Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price objective for the company in a research report on Monday, December 1st. Morgan Stanley lowered their target price on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $376.50.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS opened at $298.05 on Tuesday. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The business has a fifty day simple moving average of $303.67 and a 200 day simple moving average of $323.50. The firm has a market cap of $81.26 billion, a price-to-earnings ratio of 73.41, a P/E/G ratio of 3.56 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the firm earned $1.88 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. 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. As a group, sell-side analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

About Cadence Design Systems

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.