Evelyn Partners Investment Management LLP Has $4.76 Million Stake in Cadence Design Systems, Inc. $CDNS

Evelyn Partners Investment Management LLP trimmed its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 13.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,213 shares of the software maker’s stock after selling 2,437 shares during the quarter. Evelyn Partners Investment Management LLP’s holdings in Cadence Design Systems were worth $4,755,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CDNS. Y.D. More Investments Ltd acquired a new position in Cadence Design Systems during the third quarter worth $26,000. Caitlin John LLC acquired a new position in Cadence Design Systems during the third quarter worth $29,000. Swiss RE Ltd. acquired a new position in Cadence Design Systems during the fourth quarter worth $29,000. Lodestone Wealth Management LLC acquired a new position in Cadence Design Systems during the fourth quarter worth $30,000. Finally, Imprint Wealth LLC acquired a new position in Cadence Design Systems during the third quarter worth $31,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Paul Scannell sold 7,081 shares of Cadence Design Systems stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $393.91, for a total transaction of $2,789,276.71. Following the sale, the vice president directly owned 32,181 shares of the company’s stock, valued at $12,676,417.71. This trade represents a 18.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John M. Wall sold 5,000 shares of Cadence Design Systems stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $348.71, for a total value of $1,743,550.00. Following the sale, the chief financial officer directly owned 81,875 shares in the company, valued at approximately $28,550,631.25. This trade represents a 5.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 176,226 shares of company stock valued at $65,900,542 in the last quarter. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CDNS shares. Citigroup increased their target price on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Needham & Company LLC reissued a “buy” rating and set a $400.00 target price on shares of Cadence Design Systems in a research report on Tuesday, April 28th. Rosenblatt Securities reissued a “buy” rating and set a $360.00 target price on shares of Cadence Design Systems in a research report on Friday, April 24th. Berenberg Bank set a $440.00 target price on shares of Cadence Design Systems in a research report on Wednesday, May 27th. Finally, Wells Fargo & Company raised their price target on Cadence Design Systems from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Fourteen research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cadence Design Systems has a consensus rating of “Moderate Buy” and a consensus target price of $386.59.

Cadence Design Systems Trading Up 0.3%

Shares of NASDAQ:CDNS opened at $384.96 on Friday. The company has a market cap of $106.18 billion, a P/E ratio of 89.73, a P/E/G ratio of 4.56 and a beta of 1.15. The stock’s 50-day moving average is $344.32 and its 200-day moving average is $318.73. Cadence Design Systems, Inc. has a 52-week low of $262.75 and a 52-week high of $416.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.05. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.46 billion. Cadence Design Systems had a return on equity of 28.44% and a net margin of 21.18%.The firm’s revenue was up 18.6% compared to the same quarter last year. During the same period last year, the business posted $1.57 earnings per share. Cadence Design Systems has set its FY 2026 guidance at 7.850-7.950 EPS and its Q2 2026 guidance at 2.020-2.080 EPS. Equities research analysts predict that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Cadence Design Systems Company 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.