First Trust Advisors LP Increases Position in Cadence Design Systems, Inc. $CDNS

First Trust Advisors LP increased its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 399,416 shares of the software maker’s stock after acquiring an additional 16,722 shares during the quarter. First Trust Advisors LP owned approximately 0.15% of Cadence Design Systems worth $140,299,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Y.D. More Investments Ltd purchased a new position in shares of Cadence Design Systems during the 3rd quarter worth $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 acquired a new position in Cadence Design Systems in the third quarter valued at $35,000. Cloud Capital Management LLC acquired a new position in Cadence Design Systems in the third quarter valued at $35,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in Cadence Design Systems during the second quarter worth about $32,000. 84.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO John M. Wall sold 27,805 shares of the business’s stock in a transaction 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 transaction, the chief financial officer directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ita M. Brennan sold 180 shares of the business’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $337.48, for a total transaction of $60,746.40. Following the transaction, the director directly owned 7,650 shares in the company, valued at approximately $2,581,722. The trade was a 2.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 36,480 shares of company stock worth $11,692,189 in the last 90 days. 0.37% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CDNS. Oppenheimer raised Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price target on the stock in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a research note on Monday, December 29th. Citigroup began coverage on shares of Cadence Design Systems in a report on Monday, November 24th. They set a “buy” rating and a $385.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating and issued a $360.00 target price on shares of Cadence Design Systems in a report on Thursday, February 26th. Finally, Morgan Stanley dropped their price target on shares of 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. Fifteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $376.50.

Cadence Design Systems Trading Down 1.0%

Shares of CDNS opened at $296.94 on Monday. The stock’s 50-day moving average is $304.06 and its two-hundred day moving average is $323.85. The stock has a market cap of $80.96 billion, a PE ratio of 73.14, a P/E/G ratio of 3.56 and a beta of 1.00. Cadence Design Systems, Inc. has a 12 month low of $221.56 and a 12 month high of $376.45. 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 (NASDAQ:CDNS) last issued its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.08. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The company’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Equities analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

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.