Baillie Gifford & Co. Cuts Holdings in Cadence Design Systems, Inc. $CDNS

Key Points

• Baillie Gifford & Co. reduced its Cadence stake by 19.7% in Q4, selling 7,127 shares and holding 29,025 shares worth about $9.07 million at period end.
• Insiders have recently sold shares — Director Ita M. Brennan sold 180 shares and VP Paul Cunningham sold 1,000 shares (the latter under a pre-arranged Rule 10b5-1 plan); insiders sold 3,185 shares totaling ~$927,728 last quarter and now own about 0.49% of the company.
• Cadence beat Q4 estimates, reporting $1.99 EPS vs. $1.91 expected and $1.44 billion revenue (up 6.2% YoY), and set Q1 2026 guidance of $1.890–$1.950 EPS and FY2026 guidance of $8.050–$8.150 EPS.

Baillie Gifford & Co. decreased its position in shares of Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 19.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,025 shares of the software maker's stock after selling 7,127 shares during the period. Baillie Gifford & Co.'s holdings in Cadence Design Systems were worth $9,073,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Occidental Asset Management LLC lifted its stake in Cadence Design Systems by 2.3% in the third quarter. Occidental Asset Management LLC now owns 1,321 shares of the software maker's stock worth $464,000 after purchasing an additional 30 shares during the last quarter. Whittier Trust Co. raised its stake in shares of Cadence Design Systems by 0.4% during the third quarter. Whittier Trust Co. now owns 7,072 shares of the software maker's stock valued at $2,456,000 after acquiring an additional 30 shares in the last quarter. Cornerstone Wealth Group LLC raised its stake in shares of Cadence Design Systems by 4.3% during the third quarter. Cornerstone Wealth Group LLC now owns 777 shares of the software maker's stock valued at $273,000 after acquiring an additional 32 shares in the last quarter. Spirepoint Private Client LLC raised its stake in shares of Cadence Design Systems by 4.6% during the fourth quarter. Spirepoint Private Client LLC now owns 722 shares of the software maker's stock valued at $226,000 after acquiring an additional 32 shares in the last quarter. Finally, KRS Capital Management LLC raised its stake in shares of Cadence Design Systems by 1.4% during the third quarter. KRS Capital Management LLC now owns 2,425 shares of the software maker's stock valued at $852,000 after acquiring an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company's stock.

Insider Transactions at Cadence Design Systems

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $295.03, for a total value of $53,105.40. Following the completion of the sale, the director owned 7,470 shares in the company, valued at approximately $2,203,874.10. This represents a 2.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $280.19, for a total transaction of $280,190.00. Following the completion of the sale, 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. 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. In the last quarter, insiders sold 3,185 shares of company stock valued at $927,728. 0.49% of the stock is owned by insiders.

Cadence Design Systems Price Performance

Shares of CDNS opened at $288.20 on Tuesday. The firm has a market capitalization of $79.57 billion, a PE ratio of 70.99, a price-to-earnings-growth ratio of 3.19 and a beta of 1.04. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.86 and a quick ratio of 2.67. Cadence Design Systems, Inc. has a 1-year low of $247.70 and a 1-year high of $376.45. The company's fifty day moving average price is $288.40 and its 200-day moving average price is $311.30.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates of $1.91 by $0.08. Cadence Design Systems had a net margin of 20.93% and a return on equity of 29.34%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company earned $1.88 earnings per share. The business's quarterly revenue was up 6.2% compared to the same quarter last year. 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, equities research analysts predict that Cadence Design Systems, Inc. will post 5.41 EPS for the current year.

Wall Street Analyst Weigh In

CDNS has been the subject of several research analyst reports. Stifel Nicolaus set a $395.00 price target on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cadence Design Systems in a research note on Monday, December 29th. Piper Sandler decreased their price target on shares of Cadence Design Systems from $355.00 to $319.00 and set a "neutral" rating for the company in a research note on Wednesday, February 18th. Needham & Company LLC reaffirmed a "buy" rating and set a $390.00 price target on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Finally, Wells Fargo & Company reduced their price objective on shares of 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. Fifteen equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $376.50.

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.

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