Stonehage Fleming Financial Services Holdings Ltd Has $169.80 Million Stake in Cadence Design Systems, Inc. $CDNS

Stonehage Fleming Financial Services Holdings Ltd cut its stake in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 3.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 543,226 shares of the software maker’s stock after selling 20,285 shares during the quarter. Cadence Design Systems accounts for about 5.2% of Stonehage Fleming Financial Services Holdings Ltd’s investment portfolio, making the stock its 10th largest holding. Stonehage Fleming Financial Services Holdings Ltd owned approximately 0.20% of Cadence Design Systems worth $169,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Peterson Wealth Services grew its holdings in Cadence Design Systems by 1,501.3% in the 3rd quarter. Peterson Wealth Services now owns 187,115 shares of the software maker’s stock worth $65,726,000 after acquiring an additional 175,430 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Cadence Design Systems by 83.3% during the third quarter. Pacer Advisors Inc. now owns 182,348 shares of the software maker’s stock valued at $64,052,000 after acquiring an additional 82,856 shares during the last quarter. Stanley Laman Group Ltd. purchased a new stake in shares of Cadence Design Systems during the third quarter worth about $6,177,000. Patton Fund Management Inc. boosted its holdings in shares of Cadence Design Systems by 1,743.7% during the third quarter. Patton Fund Management Inc. now owns 13,994 shares of the software maker’s stock worth $4,916,000 after purchasing an additional 13,235 shares during the period. Finally, Westerkirk Capital Inc. bought a new stake in shares of Cadence Design Systems in the second quarter worth about $2,024,000. 84.85% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus set a $395.00 price target on Cadence Design Systems in a research report on Wednesday, February 18th. Oppenheimer upgraded Cadence Design Systems from an “underperform” rating to a “market perform” rating and set a $275.00 price objective on the stock in a research report on Monday, December 1st. Piper Sandler decreased their target price on Cadence Design Systems from $355.00 to $319.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Wells Fargo & Company dropped their price target on Cadence Design Systems from $410.00 to $375.00 and set an “overweight” rating for the company in a research note on Wednesday, February 18th. Finally, Morgan Stanley cut their price target on shares of Cadence Design Systems from $385.00 to $370.00 and set an “overweight” rating on the stock in a report on Wednesday, February 18th. Fifteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $376.50.

Cadence Design Systems Stock Performance

Cadence Design Systems stock opened at $280.62 on Friday. The stock’s 50 day simple moving average is $296.37 and its two-hundred day simple moving average is $318.45. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.67 and a current ratio of 2.86. The stock has a market cap of $76.51 billion, a price-to-earnings ratio of 69.12, a PEG ratio of 3.38 and a beta of 1.00. Cadence Design Systems, Inc. has a fifty-two week low of $221.56 and a fifty-two week high of $376.45.

Cadence Design Systems (NASDAQ:CDNS) last announced its earnings results on Tuesday, February 17th. The software maker reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.08. The firm had revenue of $1.44 billion during 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 was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.88 EPS. 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. As a group, analysts expect that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $295.03, for a total value of $53,105.40. Following the completion of the transaction, the director owned 7,470 shares in the company, valued at approximately $2,203,874.10. This represents a 2.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul Cunningham sold 1,000 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $297.78, for a total transaction of $297,780.00. Following the sale, the vice president owned 94,137 shares in the company, valued at approximately $28,032,115.86. This trade represents a 1.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 3,185 shares of company stock valued at $963,238. 1.99% of the stock is owned by corporate insiders.

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.