Cadence Design Systems, Inc. $CDNS Shares Sold by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG cut its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 30.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,105 shares of the software maker’s stock after selling 29,647 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Cadence Design Systems were worth $20,976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Y.D. More Investments Ltd acquired a new position in shares of Cadence Design Systems during the 3rd quarter valued at about $26,000. Caitlin John LLC purchased a new position in shares of Cadence Design Systems during the 3rd quarter worth about $29,000. Imprint Wealth LLC acquired a new stake in shares of Cadence Design Systems in the third quarter worth approximately $31,000. Strategic Wealth Investment Group LLC purchased a new stake in Cadence Design Systems in the second quarter valued at approximately $32,000. Finally, Promus Capital LLC purchased a new stake in Cadence Design Systems in the second quarter valued at approximately $33,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Cadence Design Systems Trading Down 0.3%

NASDAQ CDNS opened at $270.88 on Tuesday. The firm has a market capitalization of $74.79 billion, a price-to-earnings ratio of 66.72, a PEG ratio of 3.27 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. The company’s 50 day moving average price is $294.53 and its 200 day moving average price is $316.79.

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 net margin of 20.93% and a return on equity of 29.34%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm earned $1.88 earnings per share. Cadence Design Systems’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. On average, sell-side analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insiders Place Their Bets

In other news, Director Ita M. Brennan sold 180 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total value of $53,105.40. Following the completion of the sale, the director owned 7,470 shares of the company’s stock, valued at $2,203,874.10. This represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the vice president 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 position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 3,185 shares of company stock valued at $963,238. 0.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CDNS shares. Oppenheimer raised shares of Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price target on the stock in a research note on Monday, December 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Cadence Design Systems in a research note on Monday, December 29th. Needham & Company LLC restated a “buy” rating and set a $390.00 price objective on shares of Cadence Design Systems in a report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research report on Wednesday, February 18th. Finally, Piper Sandler reduced 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. Fifteen investment 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, the company currently has an average rating of “Moderate Buy” and an average price target of $376.50.

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.