Cadence Design Systems, Inc. $CDNS Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC decreased its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 8.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 111,882 shares of the software maker’s stock after selling 10,852 shares during the quarter. Gotham Asset Management LLC’s holdings in Cadence Design Systems were worth $39,300,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Peterson Wealth Services boosted its stake in shares of Cadence Design Systems by 1,501.3% in the 3rd quarter. Peterson Wealth Services now owns 187,115 shares of the software maker’s stock valued at $65,726,000 after buying an additional 175,430 shares during the period. Pacer Advisors Inc. increased its stake in shares of Cadence Design Systems by 83.3% during the third quarter. Pacer Advisors Inc. now owns 182,348 shares of the software maker’s stock worth $64,052,000 after buying an additional 82,856 shares during the period. Stanley Laman Group Ltd. purchased a new stake in shares of Cadence Design Systems during the third quarter worth approximately $6,177,000. Patton Fund Management Inc. raised its holdings in Cadence Design Systems by 1,743.7% in the third quarter. Patton Fund Management Inc. now owns 13,994 shares of the software maker’s stock valued at $4,916,000 after acquiring an additional 13,235 shares in the last quarter. Finally, Westerkirk Capital Inc. purchased a new position in Cadence Design Systems in the second quarter worth approximately $2,024,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Cadence Design Systems Trading Down 1.1%

NASDAQ:CDNS opened at $287.03 on Monday. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $376.45. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45. The stock’s 50 day simple moving average is $301.94 and its 200-day simple moving average is $321.94. The firm has a market cap of $78.26 billion, a P/E ratio of 70.70, a PEG ratio of 3.45 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly 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. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The firm had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period last year, the company earned $1.88 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. 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 anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Buying and Selling at Cadence Design Systems

In other news, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $297.78, for a total value of $297,780.00. Following the completion of the sale, the vice president owned 94,137 shares in the company, valued at approximately $28,032,115.86. This trade represents a 1.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John M. Wall sold 27,805 shares of Cadence Design Systems stock in a transaction dated 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 completion of the sale, the chief financial officer directly owned 69,957 shares in the company, valued at approximately $22,286,201.49. The trade was a 28.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 30,810 shares of company stock valued at $9,767,972 in the last 90 days. Company insiders own 0.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CDNS. Stifel Nicolaus set a $395.00 price objective on shares of Cadence Design Systems 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 for the company in a research report on Monday, December 1st. Citigroup initiated coverage on Cadence Design Systems in a report on Monday, November 24th. They issued a “buy” rating and a $385.00 target price on the stock. Morgan Stanley cut their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Fifteen equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cadence Design Systems currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.50.

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.