Sanctuary Advisors LLC Sells 2,312 Shares of Cadence Design Systems, Inc. $CDNS

Sanctuary Advisors LLC lessened its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Y.D. More Investments Ltd bought a new position in Cadence Design Systems in the third quarter worth $26,000. Caitlin John LLC bought a new stake in Cadence Design Systems in the 3rd quarter valued at $29,000. Lodestone Wealth Management LLC acquired a new position in shares of Cadence Design Systems in the 4th quarter valued at $30,000. Imprint Wealth LLC bought a new position in shares of Cadence Design Systems during the 3rd quarter worth about $31,000. Finally, Strategic Wealth Investment Group LLC bought a new position in shares of Cadence Design Systems during the 2nd quarter worth about $32,000. 84.85% of the stock is currently owned by institutional investors.

Trending Headlines about Cadence Design Systems

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

Insider Activity at Cadence Design Systems

In related news, CFO John M. Wall sold 21,500 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $309.45, for a total value of $6,653,175.00. Following the sale, the chief financial officer owned 86,875 shares in the company, valued at approximately $26,883,468.75. This represents a 19.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 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 sale, the director directly owned 7,470 shares of the company’s stock, valued at $2,203,874.10. This represents a 2.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 24,680 shares of company stock valued at $7,579,340. Insiders own 0.49% of the company’s stock.

Cadence Design Systems Stock Performance

Cadence Design Systems stock opened at $325.69 on Wednesday. Cadence Design Systems, Inc. has a 1 year low of $262.75 and a 1 year high of $376.45. The company’s 50-day moving average is $295.32 and its two-hundred day moving average is $309.04. 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 company has a market cap of $89.92 billion, a PE ratio of 75.92, a PEG ratio of 4.04 and a beta of 1.04.

Cadence Design Systems (NASDAQ:CDNS) last issued its quarterly earnings data 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 return on equity of 30.26% and a net margin of 21.18%.The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business posted $1.57 EPS. The firm’s 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. Equities analysts anticipate that Cadence Design Systems, Inc. will post 6.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

CDNS has been the topic of a number of analyst reports. Piper Sandler upped their target price on shares of Cadence Design Systems from $319.00 to $325.00 and gave the company a “neutral” rating in a research note on Tuesday. Wells Fargo & Company lifted 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. Rosenblatt Securities reissued a “buy” rating and issued a $360.00 target price on shares of Cadence Design Systems in a report on Friday, April 24th. Stifel Nicolaus set a $395.00 target price on Cadence Design Systems in a research report on Wednesday, February 18th. Finally, KeyCorp boosted their price target on Cadence Design Systems from $405.00 to $425.00 and gave the company an “overweight” rating in a research note on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $379.71.

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.