Crossmark Global Holdings Inc. Acquires 16,060 Shares of Cadence Design Systems, Inc. $CDNS

Key Points

• Crossmark Global boosted its stake in Cadence by 108.3% in Q3, buying 16,060 shares to own 30,890 shares valued at about $10.85 million, and institutional investors now hold roughly 84.85% of the stock.
• Cadence reported a Q4 beat on revenue and EPS and is seeing strong demand for its AI/EDA products, while analysts are largely bullish with a consensus rating of "Moderate Buy" and an average price target near $376.50.
• Insider activity has been skewed toward selling recently — insiders disposed of 36,480 shares (~$11.69 million) over the last three months, despite a small director open‑market purchase.

Crossmark Global Holdings Inc. increased its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 108.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,890 shares of the software maker's stock after buying an additional 16,060 shares during the period. Crossmark Global Holdings Inc.'s holdings in Cadence Design Systems were worth $10,850,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Y.D. More Investments Ltd bought a new stake in shares of Cadence Design Systems during the 3rd quarter valued at $26,000. Caitlin John LLC purchased a new position in Cadence Design Systems during the 3rd quarter valued at about $29,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Cadence Design Systems during the second quarter valued at about $32,000. Promus Capital LLC purchased a new stake in shares of Cadence Design Systems in the second quarter worth about $33,000. Finally, Robbins Farley purchased a new stake in shares of Cadence Design Systems in the third quarter worth about $35,000. Institutional investors own 84.85% of the company's stock.

Cadence Design Systems News Summary

Here are the key news stories impacting Cadence Design Systems this week:

• Positive Sentiment: Q4 beat on both revenue and EPS and Stifel reiterated a Buy with a $395 target — supports the bullish case on Cadence’s AI/EDA positioning. Cadence Q4 beat & Stifel note
• Positive Sentiment: Large institutional accumulation reported (Norges Bank, J. Stern, Wellington, etc.), which underpins demand and can support higher multiples over time. Institutional ownership update
• Positive Sentiment: Director Moshe Gavrielov made a small open‑market purchase (54 shares at ~$256.95), a modest insider buy that is a positive sentiment signal. SEC filing — Moshe Gavrielov purchase
• Neutral Sentiment: Management presented at the Morgan Stanley TMT conference — useful detail on strategy and AI roadmap but unlikely to move the stock absent new material disclosures. Morgan Stanley presentation transcript
• Neutral Sentiment: Market pieces noted CDNS “outperformed” intraday after earnings — reflects short‑term reaction rather than a durable change. Zacks intraday note
• Neutral Sentiment: Reported short‑interest shows “0” shares / 0.0 days to cover — this appears to be a data/reporting error and should not be treated as a market signal.
• Negative Sentiment: Insider selling: VP Paul Cunningham sold 1,000 shares (~$297.78 avg). While small relative to his total holdings, the sale can increase near‑term supply and feed profit‑taking narratives. SEC filing — Paul Cunningham sale
• Negative Sentiment: Additional small director sales (Dec/Jan) add to the insider‑activity story investors watch and can weigh on sentiment when the stock has already run up. SEC filings — director trades

Cadence Design Systems Price Performance

CDNS stock opened at $299.84 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45. The firm's 50-day moving average price is $304.50 and its two-hundred day moving average price is $324.57. The stock has a market capitalization of $81.75 billion, a price-to-earnings ratio of 73.85, a PEG ratio of 3.65 and a beta of 1.00. Cadence Design Systems, Inc. has a 12-month low of $221.56 and a 12-month high of $376.45.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted 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. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same period last year, the firm earned $1.88 earnings per share. Cadence Design Systems's quarterly revenue 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. As a group, equities analysts predict that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Wall Street Analyst Weigh In

CDNS has been the topic of a number of analyst reports. Morgan Stanley decreased their target price 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. Citigroup initiated 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. Wells Fargo & Company decreased their target price on 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. Rosenblatt Securities reiterated a "buy" rating and set a $360.00 price target on shares of Cadence Design Systems in a research report on Thursday, February 26th. Finally, Piper Sandler decreased 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. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Cadence Design Systems has a consensus rating of "Moderate Buy" and an average price target of $376.50.

Insiders Place Their Bets

In related news, VP Paul Scannell sold 5,490 shares of Cadence Design Systems stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $339.43, for a total value of $1,863,470.70. Following the sale, the vice president owned 20,321 shares in the company, valued at $6,897,557.03. The trade was a 21.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $297.78, for a total transaction of $297,780.00. Following the transaction, the vice president directly owned 94,137 shares in the company, valued at approximately $28,032,115.86. The trade was a 1.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 36,480 shares of company stock worth $11,692,189. Insiders own 1.99% 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.

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