2,561 Shares in Cadence Design Systems, Inc. $CDNS Bought by Runnymede Capital Advisors Inc.

Runnymede Capital Advisors Inc. acquired a new stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,561 shares of the software maker’s stock, valued at approximately $801,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Y.D. More Investments Ltd purchased a new stake in shares of Cadence Design Systems in the 3rd quarter worth about $26,000. Caitlin John LLC purchased a new position in shares of Cadence Design Systems during the third quarter valued at about $29,000. Lodestone Wealth Management LLC purchased a new position in shares of Cadence Design Systems during the fourth quarter valued at about $30,000. Imprint Wealth LLC bought a new position in Cadence Design Systems in the third quarter worth about $31,000. Finally, Strategic Wealth Investment Group LLC bought a new position in Cadence Design Systems in the second quarter worth about $32,000. 84.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total transaction of $297,780.00. Following the completion of the transaction, the vice president owned 94,137 shares of the company’s stock, valued at $28,032,115.86. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the transaction, the director owned 7,470 shares of the company’s stock, valued at $2,203,874.10. The trade was a 2.35% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,185 shares of company stock valued at $927,728. 1.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Morgan Stanley decreased their target price on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research report on Wednesday, February 18th. Rosenblatt Securities restated a “buy” rating and issued a $360.00 target price on shares of Cadence Design Systems in a research note on Thursday, February 26th. Needham & Company LLC restated a “buy” rating and set a $390.00 price target on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Finally, Stifel Nicolaus set a $395.00 price target on Cadence Design Systems in a research note on Wednesday, February 18th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Cadence Design Systems presently has an average rating of “Moderate Buy” and an average price target of $376.50.

Cadence Design Systems Stock Performance

NASDAQ:CDNS opened at $278.72 on Monday. The firm has a market capitalization of $76.95 billion, a P/E ratio of 68.65, a PEG ratio of 3.35 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. The company’s 50-day simple moving average is $291.71 and its 200 day simple moving average is $314.84.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, beating analysts’ consensus estimates of $1.91 by $0.08. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate 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, analysts forecast that Cadence Design Systems, Inc. will post 5.41 EPS 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.