Cadence Design Systems, Inc. $CDNS Shares Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC raised its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 76.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 76,225 shares of the software maker’s stock after acquiring an additional 33,061 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Cadence Design Systems were worth $26,775,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in CDNS. Y.D. More Investments Ltd acquired a new position in Cadence Design Systems in the third quarter valued at approximately $26,000. Caitlin John LLC purchased a new stake in shares of Cadence Design Systems during the 3rd quarter worth approximately $29,000. Strategic Wealth Investment Group LLC acquired a new position in shares of Cadence Design Systems in the 2nd quarter valued at $32,000. Promus Capital LLC purchased a new position in shares of Cadence Design Systems in the 2nd quarter valued at $33,000. Finally, Robbins Farley acquired a new stake in Cadence Design Systems during the 3rd quarter worth $35,000. Institutional investors and hedge funds own 84.85% of the company’s stock.

Analysts Set New Price Targets

CDNS has been the topic of a number of research analyst reports. Oppenheimer upgraded Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 target price on the stock in a research report on Monday, December 1st. Stifel Nicolaus set a $395.00 target price on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a research report on Monday, December 29th. Piper Sandler decreased their price target on shares of Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Finally, Morgan Stanley dropped their price objective on shares of 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. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Cadence Design Systems presently has a consensus rating of “Moderate Buy” and an average price target of $376.50.

Cadence Design Systems Price Performance

Shares of NASDAQ:CDNS opened at $303.36 on Tuesday. Cadence Design Systems, Inc. has a 52 week low of $221.56 and a 52 week high of $376.45. The company has a 50-day moving average price of $305.43 and a 200 day moving average price of $325.23. The company has a market cap of $82.71 billion, a P/E ratio of 74.72, a PEG ratio of 3.60 and a beta of 1.00. 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 released its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.08. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The firm’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Research analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Paul Cunningham sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $295.09, for a total value of $295,090.00. Following the sale, the vice president owned 95,137 shares in the company, valued at $28,073,977.33. This represents a 1.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Anirudh Devgan sold 20,000 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $340.00, for a total value of $6,800,000.00. Following the completion of the sale, the chief executive officer directly owned 195,844 shares in the company, valued at $66,586,960. This trade represents a 9.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 55,475 shares of company stock valued at $18,192,846 in the last quarter. Corporate insiders own 0.37% of the company’s stock.

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.