Assetmark Inc. Sells 4,732 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• Assetmark Inc. cut its Cadence stake by 4.2%, selling 4,732 shares in Q4 and leaving 108,702 shares valued at about $33.98 million per its SEC filing.
• Cadence beat expectations for the quarter with EPS of $1.99 (vs. $1.91 estimate) and revenue of $1.44B (vs. $1.42B), and set Q1 2026 guidance of $1.890–1.950 EPS and FY2026 guidance of $8.050–8.150 EPS.
• The stock has a market cap of $80.72B and a P/E of 72.01, and analysts' consensus is a “Moderate Buy” with an average target price of $376.50.

Assetmark Inc. cut its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 108,702 shares of the software maker's stock after selling 4,732 shares during the period. Assetmark Inc.'s holdings in Cadence Design Systems were worth $33,978,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Y.D. More Investments Ltd bought a new position in Cadence Design Systems in the 3rd quarter worth approximately $26,000. Caitlin John LLC bought a new position in Cadence Design Systems in the 3rd quarter worth approximately $29,000. Lodestone Wealth Management LLC bought a new position in Cadence Design Systems in the 4th quarter worth approximately $30,000. Imprint Wealth LLC purchased a new stake in Cadence Design Systems in the 3rd quarter worth approximately $31,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in Cadence Design Systems in the 2nd quarter worth approximately $32,000. 84.85% of the stock is owned by institutional investors.

Cadence Design Systems Trading Up 1.4%

Shares of CDNS opened at $292.37 on Wednesday. The firm's 50-day moving average price is $288.87 and its 200-day moving average price is $310.90. The firm has a market capitalization of $80.72 billion, a price-to-earnings ratio of 72.01, a PEG ratio of 3.47 and a beta of 1.04. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45. Cadence Design Systems, Inc. has a 1-year low of $247.70 and a 1-year high of $376.45.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.08. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. 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. Sell-side analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Insider Activity

In related news, VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $280.19, for a total transaction of $280,190.00. Following the sale, the vice president owned 128,586 shares of the company's stock, valued at $36,028,511.34. The trade was a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total transaction of $53,105.40. Following the completion of the transaction, the director directly owned 7,470 shares of the company's stock, valued at $2,203,874.10. This trade represents a 2.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,185 shares of company stock worth $927,728 in the last three months. 0.49% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on CDNS shares. Wells Fargo & Company lowered their target price on shares of Cadence Design Systems from $410.00 to $375.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 18th. Piper Sandler lowered their price objective on shares of Cadence Design Systems from $355.00 to $319.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 target price on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Morgan Stanley cut their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating on the stock in a report on Wednesday, February 18th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $360.00 price target 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.

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