Bradley Foster & Sargent Inc. CT Buys 6,330 Shares of Cadence Design Systems, Inc. $CDNS

Bradley Foster & Sargent Inc. CT boosted its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 5.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 116,724 shares of the software maker’s stock after purchasing 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.

Several other institutional investors and hedge funds also recently made changes to their positions in CDNS. Brighton Jones LLC lifted its holdings in Cadence Design Systems by 80.2% during the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after purchasing an additional 676 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Cadence Design Systems by 3.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock worth $560,000 after buying an additional 80 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of Cadence Design Systems by 3.5% in the second quarter. D.A. Davidson & CO. now owns 3,258 shares of the software maker’s stock valued at $1,004,000 after acquiring an additional 111 shares during the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Cadence Design Systems by 2.0% in the 2nd quarter. Wealthfront Advisers LLC now owns 26,502 shares of the software maker’s stock worth $8,167,000 after acquiring an additional 521 shares in the last quarter. Finally, Resonant Capital Advisors LLC grew its position in Cadence Design Systems by 42.5% during the 2nd quarter. Resonant Capital Advisors LLC now owns 1,368 shares of the software maker’s stock worth $422,000 after acquiring an additional 408 shares during the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CDNS. Morgan Stanley cut their price objective 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. Citigroup initiated coverage on Cadence Design Systems in a report on Monday, November 24th. They issued a “buy” rating and a $385.00 price target for the company. Piper Sandler reduced their price target on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Oppenheimer raised shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price objective on the stock in a report on Monday, December 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $390.00 target price on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $376.50.

Insider Activity

In related news, CEO Anirudh Devgan sold 20,000 shares of Cadence Design Systems stock in a transaction on Friday, December 5th. The stock was sold at an average price of $340.00, for a total transaction of $6,800,000.00. Following the completion of the sale, the chief executive officer directly owned 195,844 shares of the company’s stock, valued at $66,586,960. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Paul Scannell sold 5,490 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $339.43, for a total value of $1,863,470.70. Following the completion of the sale, the vice president owned 20,321 shares of the company’s stock, valued at $6,897,557.03. This represents a 21.27% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 56,475 shares of company stock worth $18,505,486. Corporate insiders own 0.37% of the company’s stock.

Cadence Design Systems Stock Performance

Shares of NASDAQ:CDNS opened at $290.63 on Wednesday. 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 stock has a market capitalization of $79.24 billion, a P/E ratio of 71.58, a P/E/G ratio of 3.44 and a beta of 1.01. The business has a 50-day moving average price of $306.55 and a two-hundred day moving average price of $326.61.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS 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 analysts’ expectations of $1.42 billion. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. Cadence Design Systems’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $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. Equities analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current 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.