Rathbones Group PLC Buys 56,584 Shares of Cadence Design Systems, Inc. $CDNS

Rathbones Group PLC grew its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 616,533 shares of the software maker’s stock after acquiring an additional 56,584 shares during the period. Rathbones Group PLC’s holdings in Cadence Design Systems were worth $192,716,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Y.D. More Investments Ltd bought a new position in shares of Cadence Design Systems in the 3rd quarter valued at about $26,000. Caitlin John LLC bought a new position in shares of Cadence Design Systems in the 3rd quarter valued at about $29,000. Lodestone Wealth Management LLC bought a new position in shares of Cadence Design Systems in the 4th quarter valued at about $30,000. Imprint Wealth LLC bought a new position in shares of Cadence Design Systems in the 3rd quarter valued at about $31,000. Finally, Strategic Wealth Investment Group LLC bought a new position in shares of Cadence Design Systems in the 2nd quarter valued at about $32,000. Institutional investors own 84.85% of the company’s stock.

Cadence Design Systems Trading Up 3.8%

Cadence Design Systems stock opened at $350.89 on Thursday. Cadence Design Systems, Inc. has a 52 week low of $262.75 and a 52 week high of $376.45. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.32 and a current ratio of 1.47. The stock has a market capitalization of $96.78 billion, a P/E ratio of 81.79, a PEG ratio of 4.00 and a beta of 1.13. The stock has a 50-day simple moving average of $309.84 and a 200 day simple moving average of $310.60.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data on Monday, April 27th. The software maker reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.05. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.46 billion. Cadence Design Systems had a net margin of 21.18% and a return on equity of 28.44%. The business’s revenue for the quarter 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. Analysts expect that Cadence Design Systems, Inc. will post 6.23 earnings per share for the current year.

Insider Activity at Cadence Design Systems

In other Cadence Design Systems news, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $337.49, for a total transaction of $337,490.00. Following the completion of the sale, the vice president directly owned 127,586 shares in the company, valued at $43,058,999.14. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $348.71, for a total transaction of $1,743,550.00. Following the sale, the chief financial officer owned 81,875 shares of the company’s stock, valued at $28,550,631.25. This trade represents a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 41,251 shares of company stock valued at $13,294,350. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CDNS shares. Wells Fargo & Company raised their price objective on Cadence Design Systems from $375.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a report on Wednesday, February 18th. KeyCorp lifted their price target on Cadence Design Systems from $405.00 to $425.00 and gave the stock an “overweight” rating in a report on Tuesday, April 28th. Morgan Stanley reduced their price target on Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating for the company in a report on Wednesday, February 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $400.00 price target on shares of Cadence Design Systems in a report on Tuesday, April 28th. Fourteen investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $380.59.

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.