WINTON GROUP Ltd Purchases 12,209 Shares of Cadence Design Systems, Inc. $CDNS

WINTON GROUP Ltd lifted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 185.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,808 shares of the software maker’s stock after acquiring an additional 12,209 shares during the quarter. WINTON GROUP Ltd’s holdings in Cadence Design Systems were worth $6,606,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Cadence Design Systems by 80.2% during the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker’s stock valued at $456,000 after buying an additional 676 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Cadence Design Systems by 3.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock valued at $560,000 after buying an additional 80 shares during the last quarter. Atlantic Union Bankshares Corp raised its holdings in shares of Cadence Design Systems by 35.3% in the second quarter. Atlantic Union Bankshares Corp now owns 2,526 shares of the software maker’s stock worth $778,000 after buying an additional 659 shares during the period. Savant Capital LLC raised its holdings in shares of Cadence Design Systems by 31.9% in the second quarter. Savant Capital LLC now owns 3,633 shares of the software maker’s stock worth $1,119,000 after buying an additional 879 shares during the period. Finally, AE Wealth Management LLC lifted its stake in shares of Cadence Design Systems by 5.3% during the 2nd quarter. AE Wealth Management LLC now owns 10,098 shares of the software maker’s stock worth $3,112,000 after acquiring an additional 512 shares during the last quarter. 84.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $337.48, for a total transaction of $60,746.40. Following the transaction, the director directly owned 7,650 shares in the company, valued at approximately $2,581,722. This trade represents a 2.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul Scannell sold 5,490 shares of Cadence Design Systems stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $339.43, for a total transaction of $1,863,470.70. Following the transaction, the vice president directly owned 20,321 shares in the company, valued at approximately $6,897,557.03. The trade was a 21.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 36,480 shares of company stock worth $11,692,189. Company insiders own 0.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Morgan Stanley dropped their price objective 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. Needham & Company LLC reiterated a “buy” rating and set a $390.00 target price on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Citigroup started coverage on shares of 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. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadence Design Systems in a research note on Monday, December 29th. Finally, Stifel Nicolaus set a $395.00 price objective on shares of Cadence Design Systems in a report on Wednesday, February 18th. Fifteen research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Cadence Design Systems has an average rating of “Moderate Buy” and an average price target of $376.50.

Cadence Design Systems Price Performance

Shares of CDNS stock opened at $296.94 on Monday. Cadence Design Systems, Inc. has a twelve month low of $221.56 and a twelve month high of $376.45. The company has a current ratio of 2.86, a quick ratio of 2.67 and a debt-to-equity ratio of 0.45. The stock has a fifty day simple moving average of $304.06 and a two-hundred day simple moving average of $323.85. The stock has a market capitalization of $80.96 billion, a price-to-earnings ratio of 73.14, a P/E/G ratio of 3.56 and a beta of 1.00.

Cadence Design Systems (NASDAQ:CDNS) last announced its quarterly earnings results on Tuesday, February 17th. The software maker reported $1.99 EPS for the quarter, beating the consensus estimate 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 return on equity of 29.34% and a net margin of 20.93%.The business’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 earnings per share. 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. On average, analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

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.