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

Evelyn Partners Investment Management LLP cut its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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.

A number of other institutional investors have also added to or reduced their stakes in the company. Aigen Investment Management LP acquired a new stake in Cadence Design Systems during the fourth quarter worth about $781,000. Arrowstreet Capital Limited Partnership grew its position in Cadence Design Systems by 23.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 430,737 shares of the software maker’s stock worth $134,640,000 after buying an additional 82,235 shares in the last quarter. Aptus Capital Advisors LLC lifted its stake in Cadence Design Systems by 2.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 3,730 shares of the software maker’s stock worth $1,166,000 after purchasing an additional 82 shares during the period. Jacobi Capital Management LLC lifted its stake in Cadence Design Systems by 3.8% during the fourth quarter. Jacobi Capital Management LLC now owns 976 shares of the software maker’s stock worth $305,000 after purchasing an additional 36 shares during the period. Finally, FORA Capital LLC bought a new position in Cadence Design Systems during the fourth quarter worth about $2,165,000. 84.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Anirudh Devgan sold 51,887 shares of Cadence Design Systems stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $370.00, for a total value of $19,198,190.00. Following the completion of the transaction, the chief executive officer owned 303,525 shares in the company, valued at approximately $112,304,250. The trade was a 14.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Paul Scannell sold 10,500 shares of Cadence Design Systems stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $339.00, for a total transaction of $3,559,500.00. Following the completion of the transaction, the vice president owned 33,946 shares of the company’s stock, valued at $11,507,694. This trade represents a 23.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 176,226 shares of company stock worth $65,900,542. 0.49% of the stock is currently owned by insiders.

Cadence Design Systems Stock Performance

NASDAQ:CDNS opened at $384.96 on Friday. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $416.69. The firm has a 50 day moving average of $344.32 and a 200-day moving average of $318.73. The company has a current ratio of 1.47, a quick ratio of 1.32 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $106.18 billion, a P/E ratio of 89.73, a price-to-earnings-growth ratio of 4.56 and a beta of 1.15.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.91 by $0.05. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the company posted $1.57 earnings per share. Cadence Design Systems’s quarterly revenue was up 18.6% compared to the same quarter last year. 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. As a group, sell-side analysts anticipate that Cadence Design Systems, Inc. will post 6.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CDNS shares. Berenberg Bank set a $440.00 price target on shares of Cadence Design Systems in a research note on Wednesday, May 27th. Morgan Stanley cut their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Stifel Nicolaus raised their price target on shares of Cadence Design Systems from $395.00 to $432.00 and gave the stock a “buy” rating in a research note on Tuesday. Citigroup raised their price target on shares of Cadence Design Systems from $385.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Needham & Company LLC restated a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a research note on Tuesday, April 28th. Fourteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Cadence Design Systems presently has an average rating of “Moderate Buy” and a consensus target price of $386.59.

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.