Bradley Foster & Sargent Inc. CT Has $41 Million Position in Cadence Design Systems, Inc. $CDNS

Bradley Foster & Sargent Inc. CT boosted its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 5.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 116,724 shares of the software maker’s stock after acquiring an additional 6,330 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Cadence Design Systems were worth $41,000,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Tiemann Investment Advisors LLC raised its holdings in shares of Cadence Design Systems by 2.9% during the 2nd quarter. Tiemann Investment Advisors LLC now owns 1,050 shares of the software maker’s stock valued at $324,000 after purchasing an additional 30 shares in the last quarter. Occidental Asset Management LLC increased its position in Cadence Design Systems by 2.3% during the third quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker’s stock worth $464,000 after buying an additional 30 shares during the last quarter. Whittier Trust Co. raised its holdings in Cadence Design Systems by 0.4% during the third quarter. Whittier Trust Co. now owns 7,072 shares of the software maker’s stock valued at $2,456,000 after buying an additional 30 shares in the last quarter. Cornerstone Wealth Group LLC raised its holdings in Cadence Design Systems by 4.3% during the third quarter. Cornerstone Wealth Group LLC now owns 777 shares of the software maker’s stock valued at $273,000 after buying an additional 32 shares in the last quarter. Finally, KRS Capital Management LLC lifted its position in shares of Cadence Design Systems by 1.4% in the third quarter. KRS Capital Management LLC now owns 2,425 shares of the software maker’s stock worth $852,000 after buying an additional 33 shares during the last quarter. 84.85% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, VP Paul Scannell sold 5,490 shares of Cadence Design Systems stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $339.43, for a total transaction of $1,863,470.70. Following the sale, the vice president owned 20,321 shares of the company’s stock, valued at approximately $6,897,557.03. This trade represents a 21.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Anirudh Devgan sold 20,000 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was 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 directly owned 195,844 shares of the company’s stock, valued at approximately $66,586,960. This trade represents a 9.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 56,475 shares of company stock worth $18,505,486. 0.37% of the stock is currently owned by corporate insiders.

Cadence Design Systems Trading Up 3.9%

Shares of CDNS stock opened at $290.63 on Wednesday. The firm has a market capitalization of $79.24 billion, a P/E ratio of 71.58, a price-to-earnings-growth ratio of 3.44 and a beta of 1.01. Cadence Design Systems, Inc. has a 1 year low of $221.56 and a 1 year high of $376.45. The firm’s fifty day simple moving average is $306.55 and its 200 day simple moving average is $326.61. 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 (NASDAQ:CDNS) last posted its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.08. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business 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. As a group, sell-side analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CDNS. Robert W. Baird increased their price objective on Cadence Design Systems from $390.00 to $418.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Needham & Company LLC reaffirmed a “buy” rating and set a $390.00 target price on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Citigroup began coverage on Cadence Design Systems in a report on Monday, November 24th. They set a “buy” rating and a $385.00 price target on the stock. Rosenblatt Securities upgraded shares of Cadence Design Systems from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $335.00 to $360.00 in a research note on Wednesday, February 18th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $405.00 price objective on shares of Cadence Design Systems in a report on Tuesday, October 28th. Fifteen investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Cadence Design Systems presently has an average rating of “Moderate Buy” and a consensus 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.