Mariner LLC Grows Position in Cadence Design Systems, Inc. $CDNS

Mariner LLC boosted its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 10.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 556,595 shares of the software maker’s stock after buying an additional 50,569 shares during the period. Mariner LLC owned 0.20% of Cadence Design Systems worth $195,496,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Brighton Jones LLC raised its position in Cadence Design Systems by 80.2% in the 4th quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after purchasing an additional 676 shares during the last quarter. Integrated Wealth Concepts LLC grew its position in Cadence Design Systems by 3.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock worth $560,000 after purchasing an additional 80 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new position in Cadence Design Systems in the second quarter valued at $205,000. Advisors Capital Management LLC increased its stake in Cadence Design Systems by 29.3% in the second quarter. Advisors Capital Management LLC now owns 1,113 shares of the software maker’s stock valued at $343,000 after purchasing an additional 252 shares during the period. Finally, Creative Planning raised its holdings in shares of Cadence Design Systems by 53.1% in the second quarter. Creative Planning now owns 76,510 shares of the software maker’s stock valued at $23,577,000 after buying an additional 26,534 shares during the last quarter. 84.85% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the stock in a transaction dated 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 transaction, the vice president directly owned 94,137 shares of the company’s stock, valued at approximately $28,032,115.86. This trade represents a 1.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold 3,005 shares of company stock valued at $910,133 over the last three months. Company insiders own 1.99% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CDNS shares. Morgan Stanley lowered their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Citigroup began coverage on Cadence Design Systems in a research note on Monday, November 24th. They set a “buy” rating and a $385.00 price objective for the company. Oppenheimer raised 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. Needham & Company LLC reiterated a “buy” rating and issued a $390.00 target price on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $360.00 target price on shares of Cadence Design Systems in a report on Thursday, February 26th. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $376.50.

Cadence Design Systems Stock Up 2.0%

Cadence Design Systems stock opened at $292.72 on Tuesday. The stock’s 50 day moving average price is $301.77 and its 200 day moving average price is $321.51. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The company has a market cap of $79.81 billion, a PE ratio of 72.10, a price-to-earnings-growth ratio of 3.45 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67.

Cadence Design Systems (NASDAQ:CDNS) last released its quarterly earnings data 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. 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 analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the business posted $1.88 earnings per share. Cadence Design Systems’s 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. On average, sell-side analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

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.