Dakota Wealth Management Buys New Shares in Cadence Design Systems, Inc. $CDNS

Dakota Wealth Management purchased a new position in Cadence Design Systems, Inc. (NASDAQ:CDNS) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,281 shares of the software maker’s stock, valued at approximately $1,963,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Y.D. More Investments Ltd bought a new stake in shares of Cadence Design Systems in the third quarter valued at about $26,000. Caitlin John LLC bought a new position in Cadence Design Systems during the third quarter valued at about $29,000. Imprint Wealth LLC acquired a new position in Cadence Design Systems in the 3rd quarter valued at approximately $31,000. Strategic Wealth Investment Group LLC acquired a new position in Cadence Design Systems in the 2nd quarter valued at approximately $32,000. Finally, Promus Capital LLC bought a new stake in shares of Cadence Design Systems in the 2nd quarter worth approximately $33,000. Institutional investors own 84.85% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CDNS. Morgan Stanley decreased their price objective on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Piper Sandler reduced their target price on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 price target on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $360.00 price objective on shares of Cadence Design Systems in a research note on Thursday, February 26th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Cadence Design Systems currently has an average rating of “Moderate Buy” and an average target price of $376.50.

Insider Activity

In related news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $297.78, for a total transaction of $297,780.00. Following the completion of the sale, the vice president owned 94,137 shares in the company, valued at $28,032,115.86. This trade represents a 1.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total transaction of $53,105.40. Following the transaction, the director directly owned 7,470 shares of the company’s stock, valued at $2,203,874.10. This represents a 2.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,185 shares of company stock worth $963,238. 1.99% of the stock is owned by insiders.

Cadence Design Systems Price Performance

Cadence Design Systems stock opened at $271.77 on Friday. The business has a 50 day simple moving average of $295.46 and a 200 day simple moving average of $317.52. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. The company has a market capitalization of $75.03 billion, a PE ratio of 66.94, a price-to-earnings-growth ratio of 3.27 and a beta of 1.00. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45.

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, topping the consensus estimate of $1.91 by $0.08. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.88 earnings per share. 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, sell-side 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.