Ita Brennan Sells 180 Shares of Cadence Design Systems (NASDAQ:CDNS) Stock

Key Points

• Ita Brennan sold 180 shares of Cadence on March 17 at an average price of $295.03 for $53,105, trimming her stake by 2.35% to 7,470 shares, according to an SEC filing.
• Cadence beat recent quarterly estimates, reporting $1.99 EPS versus $1.91 expected and $1.44B in revenue, and issued Q1 2026 guidance of $1.890–1.950 EPS and FY2026 guidance of $8.050–8.150 EPS.
• Shares recently traded at $289.64 (below the 50‑day and 200‑day averages), the company has a market cap near $79B, institutional ownership of about 84.85%, and a consensus analyst rating of "Moderate Buy" with an average target of $376.50.

Cadence Design Systems, Inc. (NASDAQ:CDNS - Get Free Report) Director Ita Brennan sold 180 shares of the company's stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the completion of the transaction, the director directly owned 7,470 shares in the company, valued at $2,203,874.10. The trade was a 2.35% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Cadence Design Systems Stock Performance

Shares of Cadence Design Systems stock traded down $4.11 during trading on Wednesday, reaching $289.64. The company's stock had a trading volume of 1,666,806 shares, compared to its average volume of 2,655,883. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. The business's 50-day moving average price is $300.74 and its 200-day moving average price is $320.89. Cadence Design Systems, Inc. has a 52 week low of $221.56 and a 52 week high of $376.45. The firm has a market cap of $78.97 billion, a PE ratio of 71.34, a P/E/G ratio of 3.53 and a beta of 1.00.

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 (EPS) for the quarter, topping 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 business's revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business 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. Equities analysts forecast that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Institutional Trading of Cadence Design Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Y.D. More Investments Ltd bought a new stake in shares of Cadence Design Systems during the third quarter worth about $26,000. University of Texas Texas AM Investment Management Co. bought a new position in Cadence Design Systems in the 4th quarter valued at approximately $28,000. Caitlin John LLC acquired a new stake in Cadence Design Systems during the 3rd quarter worth approximately $29,000. Swiss RE Ltd. acquired a new stake in Cadence Design Systems during the 4th quarter worth approximately $29,000. Finally, Lodestone Wealth Management LLC bought a new stake in Cadence Design Systems during the 4th quarter worth approximately $30,000. Institutional investors own 84.85% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CDNS shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cadence Design Systems in a research note on Monday, December 29th. Morgan Stanley dropped their target price on shares of Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating for the company in a research report on Wednesday, February 18th. Piper Sandler reduced their price target 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. Rosenblatt Securities reissued a "buy" rating and issued a $360.00 price objective on shares of Cadence Design Systems in a research note on Thursday, February 26th. Finally, Citigroup began coverage on Cadence Design Systems in a research note on Monday, November 24th. They set a "buy" rating and a $385.00 target price for the company. Fifteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Cadence Design Systems presently has a consensus rating of "Moderate Buy" and an average price target of $376.50.

About Cadence Design Systems

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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