Sanctuary Advisors LLC Has $7.63 Million Stock Holdings in Cadence Design Systems, Inc. $CDNS

Sanctuary Advisors LLC trimmed its holdings in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,403 shares of the software maker’s stock after selling 2,312 shares during the quarter. Sanctuary Advisors LLC’s holdings in Cadence Design Systems were worth $7,628,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Y.D. More Investments Ltd bought a new position in Cadence Design Systems during the 3rd quarter worth $26,000. Caitlin John LLC acquired a new position in shares of Cadence Design Systems in the third quarter worth approximately $29,000. Lodestone Wealth Management LLC bought a new stake in Cadence Design Systems in the fourth quarter valued at approximately $30,000. Imprint Wealth LLC bought a new position in Cadence Design Systems during the 3rd quarter worth approximately $31,000. Finally, Strategic Wealth Investment Group LLC acquired a new position in shares of Cadence Design Systems in the 2nd quarter worth approximately $32,000. Institutional investors own 84.85% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Piper Sandler upped their price target on shares of Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a research report on Tuesday. Wells Fargo & Company raised their target price on Cadence Design Systems from $375.00 to $400.00 and gave the stock an “overweight” rating in a research note on Tuesday. Morgan Stanley lowered their target price 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. Rosenblatt Securities restated a “buy” rating and set a $360.00 price target on shares of Cadence Design Systems in a report on Friday, April 24th. Finally, Stifel Nicolaus set a $395.00 price objective on shares of Cadence Design Systems in a research report on Wednesday, February 18th. Fourteen investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cadence Design Systems presently has a consensus rating of “Moderate Buy” and a consensus price target of $379.71.

Insider Buying and Selling at Cadence Design Systems

In related news, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $280.19, for a total value of $280,190.00. Following the completion of the transaction, the vice president directly owned 128,586 shares of the company’s stock, valued at approximately $36,028,511.34. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ita M. Brennan sold 180 shares of Cadence Design Systems stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total transaction of $53,105.40. Following the completion of the transaction, the director owned 7,470 shares of the company’s stock, valued at $2,203,874.10. This represents a 2.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,680 shares of company stock worth $7,579,340 over the last ninety days. 0.49% of the stock is currently owned by company insiders.

Cadence Design Systems Stock Down 3.2%

Shares of NASDAQ:CDNS opened at $325.69 on Wednesday. The stock has a market cap of $89.92 billion, a price-to-earnings ratio of 75.92, a PEG ratio of 4.04 and a beta of 1.04. The company has a quick ratio of 2.67, a current ratio of 2.86 and a debt-to-equity ratio of 0.45. Cadence Design Systems, Inc. has a 12-month low of $262.75 and a 12-month high of $376.45. The business’s 50 day moving average is $295.32 and its 200 day moving average is $309.04.

Cadence Design Systems (NASDAQ:CDNS) last posted its earnings results on Monday, April 27th. The software maker reported $1.96 EPS for the quarter, topping the consensus estimate of $1.89 by $0.07. Cadence Design Systems had a net margin of 21.18% and a return on equity of 30.26%. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the firm earned $1.57 EPS. The company’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. On average, sell-side analysts forecast that Cadence Design Systems, Inc. will post 6.51 earnings per share for the current fiscal year.

Cadence Design Systems News Summary

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

• Positive Sentiment: Beat and guide?up — Cadence topped Q1 estimates, raised FY?2026 revenue and EPS guidance and disclosed a record $8 billion backlog, signaling sustained AI?chip design demand. Cadence Q1 Earnings Top Estimates, 2026 Revenue Outlook Raised
• Positive Sentiment: Product / TAM tailwind — Management launched agentic?AI “Super Agents” and highlighted broad strength across EDA, IP and system design, reinforcing AI/HPC upside for tool demand. Zacks: Cadence Q1 Earnings Top Estimates
• Positive Sentiment: Analyst upgrades / higher targets — Multiple firms (Wells Fargo, Baird, Needham, others) raised price targets or reiterated buys after the results, signaling renewed Street confidence in the longer?term growth outlook. These Analysts Increase Their Forecasts On Cadence
• Neutral Sentiment: Analyst commentary — Banks (example: BofA) and coverage pieces emphasize stronger growth after the guidance raise, but many notes call out model revisions rather than new evidence. Cadence Seen Delivering Stronger Growth After Guidance Raise, BofA Says
• Neutral Sentiment: Earnings detail & transcript — Q1 revenue grew ~19% YoY and non?GAAP EPS beat; management provided stronger Q2/FY guidance and discussed backlog conversion on the call. Investors can review the transcript for forward color. Earnings Call Transcript
• Negative Sentiment: Sell?the?news / profit?taking — Despite the beat?and?raise, the stock pulled back intraday, consistent with “sell?the?news” after a strong run-up; some investors were likely positioned for an even larger surprise. QuiverQuant: Slides Despite Q1 Beat-and-Raise
• Negative Sentiment: Near?term financial/operational headwinds — Reports flagged weaker operating cash flow, higher capex, margin pressure and potential short?term dilution/integration costs tied to recent M&A (Hexagon), which could weigh on near?term sentiment. QuiverQuant: Stock Falls on Q1 Earnings
• Negative Sentiment: Insider selling and options flow — Data showed recent insider sales and elevated put buying ahead of earnings, which may amplify short?term downside risk or signal hedging by larger holders. QuiverQuant: Insider & Options Activity

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.