Nisa Investment Advisors LLC Has $22.59 Million Position in Cadence Design Systems, Inc. $CDNS

Nisa Investment Advisors LLC cut its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,271 shares of the software maker’s stock after selling 5,932 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cadence Design Systems were worth $22,590,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CDNS. Brighton Jones LLC boosted its position 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 worth $456,000 after buying an additional 676 shares during the period. Integrated Wealth Concepts LLC increased its position in Cadence Design Systems by 3.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock valued at $560,000 after acquiring an additional 80 shares during the period. Thompson Davis & CO. Inc. acquired a new position in Cadence Design Systems in the 2nd quarter valued at approximately $205,000. Advisors Asset Management Inc. raised its stake in shares of Cadence Design Systems by 124.8% during the second quarter. Advisors Asset Management Inc. now owns 1,005 shares of the software maker’s stock valued at $310,000 after acquiring an additional 558 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Cadence Design Systems by 15.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 14,779 shares of the software maker’s stock valued at $4,554,000 after acquiring an additional 1,951 shares during the last quarter. 84.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CDNS has been the topic of several analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $390.00 price objective on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Piper Sandler cut their target price on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Rosenblatt Securities reissued a “buy” rating and issued a $360.00 price target on shares of Cadence Design Systems in a research note on Thursday, February 26th. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a report on Wednesday, February 18th. Finally, Wells Fargo & Company lowered their price target on shares of Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Cadence Design Systems has an average rating of “Moderate Buy” and an average target price of $376.50.

Insider Buying and Selling at Cadence Design Systems

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the transaction, the director directly owned 7,470 shares of the company’s stock, valued at approximately $2,203,874.10. This trade represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of Cadence Design Systems 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 transaction, the vice president owned 94,137 shares of the company’s stock, valued at $28,032,115.86. This represents a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,185 shares of company stock worth $963,238. Corporate insiders own 0.37% of the company’s stock.

Cadence Design Systems Trading Up 2.6%

NASDAQ CDNS opened at $277.87 on Wednesday. The company has a market cap of $76.72 billion, a price-to-earnings ratio of 68.44, a P/E/G ratio of 3.26 and a beta of 1.00. Cadence Design Systems, Inc. has a 52 week low of $221.56 and a 52 week high of $376.45. The business has a 50 day moving average price of $293.95 and a 200-day moving average price of $316.32. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45.

Cadence Design Systems (NASDAQ:CDNS) last issued its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the business earned $1.88 EPS. Cadence Design Systems’s quarterly revenue was up 6.2% compared to the same quarter last year. 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. As a group, equities analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share 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.