17,113 Shares in Cadence Design Systems, Inc. $CDNS Purchased by Fortis Capital Management LLC

Fortis Capital Management LLC acquired a new position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,113 shares of the software maker’s stock, valued at approximately $6,011,000.

A number of other large investors also recently made changes to their positions in CDNS. Washington Trust Advisors Inc. acquired a new stake in shares of Cadence Design Systems during the third quarter worth approximately $55,000. Ameritas Investment Partners Inc. lifted its position in Cadence Design Systems by 0.4% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 11,572 shares of the software maker’s stock worth $4,065,000 after buying an additional 50 shares in the last quarter. Koshinski Asset Management Inc. lifted its position in Cadence Design Systems by 23.4% in the 3rd quarter. Koshinski Asset Management Inc. now owns 834 shares of the software maker’s stock worth $293,000 after buying an additional 158 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in shares of Cadence Design Systems by 147.7% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 6,160 shares of the software maker’s stock valued at $2,164,000 after buying an additional 3,673 shares during the period. Finally, Westerkirk Capital Inc. grew its holdings in shares of Cadence Design Systems by 2.4% during the 3rd quarter. Westerkirk Capital Inc. now owns 6,724 shares of the software maker’s stock valued at $2,362,000 after acquiring an additional 155 shares in the last quarter. Institutional investors and hedge funds own 84.85% of the company’s stock.

Insiders Place Their Bets

In related news, CFO John M. Wall sold 27,805 shares of Cadence Design Systems stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $318.57, for a total value of $8,857,838.85. Following the transaction, the chief financial officer owned 69,957 shares in the company, valued at $22,286,201.49. This trade represents a 28.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $295.09, for a total transaction of $295,090.00. Following the transaction, the vice president directly owned 95,137 shares of the company’s stock, valued at approximately $28,073,977.33. This represents a 1.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 56,475 shares of company stock worth $18,505,486 in the last ninety days. 0.37% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CDNS. Citigroup initiated coverage on Cadence Design Systems in a report on Monday, November 24th. They set a “buy” rating and a $385.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $390.00 price target on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cadence Design Systems in a report on Monday, December 29th. Stifel Nicolaus set a $395.00 price target on Cadence Design Systems in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Cadence Design Systems from $390.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, October 28th. Fifteen research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $376.50.

Trending Headlines about Cadence Design Systems

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

• Positive Sentiment: Q4 beats, strong guidance and record backlog — Cadence topped Q4 revenue and EPS estimates, reported a record $7.8B backlog and gave upbeat 2026 guidance tied to AI-driven chip-design demand, supporting the post‑earnings rally. Cadence Tops Q4 Earnings on Upbeat AI Trends, Posts Solid Backlog
• Positive Sentiment: Market commentary highlights AI products (ChipStack, Cerebrus) that management says can materially boost chip-design productivity — a structural tailwind that investors are rewarding after the print.
• Positive Sentiment: Brokerage support — Bank of America reaffirmed a Buy with a $400 target (bullish price objective) and Rosenblatt/Needham issued Buy ratings, providing institutional endorsement of the AI story. Bank of America Securities Remains Bullish on Cadence Design Systems Rosenblatt Raised to Buy Needham Buy Rating
• Neutral Sentiment: ChipStack AI launch draws attention but raises valuation/implementation watchpoints — product launch is positive for long‑term thesis, though some coverage flags valuation risk. Cadence ChipStack AI Super Agent Launch Meets High Valuation Watchpoints
• Neutral Sentiment: International revenue exposure and technicals matter — analysts note international trends and the stock is testing its 50‑day moving average after the earnings move, important for near‑term momentum. Don’t Overlook Cadence (CDNS) International Revenue Trends Cadence Stock Is Challenging Its 50-Day Moving Average
• Neutral Sentiment: Short-interest entries in the feed show anomalous/zero values (likely a data glitch) — no clear short‑squeeze signal from the reported figures.
• Negative Sentiment: Some firms trimmed expectations — Morgan Stanley and Piper Sandler lowered forecasts/price expectations, which can cap upside if follow‑through downgrades occur. Piper Sandler Lowers Expectations Morgan Stanley Lowers Expectations
• Negative Sentiment: Unusual options activity — large volume of put purchases was reported, which can signal some trader hedging or bearish positioning ahead of further volatility. Stock Traders Buy Large Volume of Cadence Put Options

Cadence Design Systems Stock Performance

Shares of NASDAQ CDNS opened at $296.28 on Monday. The business’s 50-day simple moving average is $307.90 and its 200-day simple moving average is $327.57. 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 52 week low of $221.56 and a 52 week high of $376.45. The firm has a market cap of $80.78 billion, a price-to-earnings ratio of 72.98, a P/E/G ratio of 3.64 and a beta of 1.01.

Cadence Design Systems (NASDAQ:CDNS) 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. 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 earned $1.88 earnings per share. The company’s 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 research analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

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.