Cadence Design Systems, Inc. $CDNS Shares Bought by Mather Group LLC.

Mather Group LLC. grew its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 173.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 21,525 shares of the software maker’s stock after purchasing an additional 13,666 shares during the period. Mather Group LLC.’s holdings in Cadence Design Systems were worth $7,107,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CDNS. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Cadence Design Systems by 3.1% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,033 shares of the software maker’s stock valued at $287,000 after acquiring an additional 31 shares in the last quarter. Westfuller Advisors LLC boosted its stake in Cadence Design Systems by 8.2% in the 1st quarter. Westfuller Advisors LLC now owns 408 shares of the software maker’s stock worth $113,000 after purchasing an additional 31 shares during the period. Cornerstone Planning Group LLC grew its position in Cadence Design Systems by 32.0% during the 1st quarter. Cornerstone Planning Group LLC now owns 132 shares of the software maker’s stock worth $37,000 after purchasing an additional 32 shares in the last quarter. KCM Investment Advisors LLC grew its position in Cadence Design Systems by 0.4% during the 1st quarter. KCM Investment Advisors LLC now owns 8,013 shares of the software maker’s stock worth $2,227,000 after purchasing an additional 32 shares in the last quarter. Finally, Fulton Bank N.A. raised its stake in Cadence Design Systems by 2.6% during the 2nd quarter. Fulton Bank N.A. now owns 1,296 shares of the software maker’s stock valued at $486,000 after purchasing an additional 33 shares during the period. 84.85% of the stock is owned by hedge funds and other institutional investors.

Cadence Design Systems Price Performance

NASDAQ CDNS opened at $324.38 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.74 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $89.33 billion, a PE ratio of 64.49, a price-to-earnings-growth ratio of 3.52 and a beta of 1.13. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $416.69. The company has a 50 day moving average price of $319.25 and a two-hundred day moving average price of $338.97.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings results on Monday, July 27th. The software maker reported $2.11 EPS for the quarter, topping the consensus estimate of $2.05 by $0.06. Cadence Design Systems had a net margin of 23.60% and a return on equity of 27.98%. The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the business posted $1.65 EPS. Cadence Design Systems’s quarterly revenue was up 24.2% on a year-over-year basis. Cadence Design Systems has set its FY 2026 guidance at 8.050-8.150 EPS and its Q3 2026 guidance at 2.010-2.070 EPS. As a group, equities analysts predict that Cadence Design Systems, Inc. will post 6.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on CDNS. Needham & Company LLC restated a “buy” rating and issued a $400.00 target price on shares of Cadence Design Systems in a report on Tuesday, July 28th. BNP Paribas Exane lifted their price target on Cadence Design Systems from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Thursday, June 18th. Rothschild & Co Redburn upped their price target on Cadence Design Systems from $385.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. Piper Sandler increased their price objective on Cadence Design Systems from $325.00 to $349.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 28th. Finally, The Goldman Sachs Group increased their price objective on Cadence Design Systems from $410.00 to $470.00 and gave the stock a “buy” rating in a research note on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $404.14.

Insider Buying and Selling at Cadence Design Systems

In related news, Director Albert Sangiovanni-Vincentelli sold 1,250 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $350.07, for a total value of $437,587.50. Following the completion of the sale, the director directly owned 39,544 shares in the company, valued at approximately $13,843,168.08. This represents a 3.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 280 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $339.00, for a total transaction of $94,920.00. Following the transaction, the vice president directly owned 31,720 shares in the company, valued at $10,753,080. The trade was a 0.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 6,960 shares of company stock valued at $2,185,879. Company insiders own 0.49% of the company’s stock.

Cadence Design Systems Profile

Cadence Design Systems, Inc is a technology company that develops electronic design automation (EDA) software, hardware, and semiconductor intellectual property. Its products help engineers design, verify, analyze, and manufacture complex semiconductor chips, printed circuit boards, and electronic systems.

The company’s offerings include digital and custom/analog integrated-circuit design tools, functional verification and emulation platforms, semiconductor intellectual property, and system analysis solutions.