Arista Wealth Management LLC Has $2.87 Million Holdings in Cadence Design Systems, Inc. $CDNS

Arista Wealth Management LLC raised its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 17.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 9,165 shares of the software maker’s stock after purchasing an additional 1,394 shares during the quarter. Arista Wealth Management LLC’s holdings in Cadence Design Systems were worth $2,865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CDNS. Y.D. More Investments Ltd acquired a new stake in Cadence Design Systems during the 3rd quarter valued at approximately $26,000. Caitlin John LLC acquired a new stake in Cadence Design Systems during the 3rd quarter valued at approximately $29,000. Lodestone Wealth Management LLC acquired a new stake in Cadence Design Systems during the 4th quarter valued at approximately $30,000. Imprint Wealth LLC acquired a new stake in Cadence Design Systems during the 3rd quarter valued at approximately $31,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in Cadence Design Systems during the 2nd quarter valued at approximately $32,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insider Buying and Selling

In related news, VP Paul Scannell sold 10,500 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $339.00, for a total value of $3,559,500.00. Following the transaction, the vice president directly owned 33,946 shares in the company, valued at $11,507,694. This trade represents a 23.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Anirudh Devgan sold 51,887 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $370.00, for a total value of $19,198,190.00. Following the completion of the transaction, the chief executive officer owned 303,525 shares in the company, valued at approximately $112,304,250. This represents a 14.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 93,138 shares of company stock worth $32,492,540 over the last quarter. Corporate insiders own 0.49% of the company’s stock.

Cadence Design Systems Price Performance

Shares of CDNS opened at $374.05 on Thursday. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $383.80. The business’s fifty day moving average is $317.92 and its 200 day moving average is $312.02. The company has a quick ratio of 1.32, a current ratio of 1.47 and a debt-to-equity ratio of 0.38. The stock has a market cap of $103.17 billion, a P/E ratio of 87.19, a P/E/G ratio of 4.52 and a beta of 1.13.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.91 by $0.05. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business earned $1.57 EPS. Cadence Design Systems’s quarterly revenue was up 18.6% compared to the same quarter last year. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. Sell-side analysts anticipate that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CDNS has been the subject of a number of recent analyst reports. Citigroup increased their target price on shares of Cadence Design Systems from $385.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Piper Sandler raised their price objective on shares of Cadence Design Systems from $319.00 to $325.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 28th. Morgan Stanley reduced their price objective 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. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price objective on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $360.00 price objective on shares of Cadence Design Systems in a research report on Friday, April 24th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $384.41.

Cadence Design Systems Company 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.