Cypress Funds LLC Trims Stock Position in Cadence Design Systems, Inc. $CDNS

Key Points

• Cypress Funds LLC trimmed its Cadence stake by 20.1% in Q4, selling 25,030 shares to hold 99,787 shares worth $31.19M (Cadence is its 12th largest position), while institutional investors own about 84.85% of CDNS and insiders have sold roughly 3,185 shares in the past 90 days.
• Analysts remain broadly positive with a consensus Moderate Buy and an average target of $376.50 (15 Buys, 3 Holds); Cadence recently beat Q4 EPS and revenue, provided FY26 guidance, and its shares trade nearer the lower end of the 52‑week range (~$278.72).

Cypress Funds LLC lessened its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 20.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,787 shares of the software maker's stock after selling 25,030 shares during the period. Cadence Design Systems accounts for approximately 5.2% of Cypress Funds LLC's portfolio, making the stock its 12th largest position. Cypress Funds LLC's holdings in Cadence Design Systems were worth $31,191,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CDNS. Peterson Wealth Services increased its holdings in shares of 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 valued at $65,726,000 after acquiring an additional 175,430 shares during the period. Pacer Advisors Inc. boosted its stake in Cadence Design Systems by 83.3% during the 3rd quarter. Pacer Advisors Inc. now owns 182,348 shares of the software maker's stock worth $64,052,000 after purchasing an additional 82,856 shares during the period. Stanley Laman Group Ltd. purchased a new position in Cadence Design Systems during the 3rd quarter worth $6,177,000. Patton Fund Management Inc. increased its stake in Cadence Design Systems by 1,743.7% in the third quarter. Patton Fund Management Inc. now owns 13,994 shares of the software maker's stock valued at $4,916,000 after purchasing an additional 13,235 shares during the period. Finally, Nvwm LLC increased its stake in Cadence Design Systems by 102.0% in the third quarter. Nvwm LLC now owns 10,028 shares of the software maker's stock valued at $3,522,000 after purchasing an additional 5,064 shares during the period. Institutional investors and hedge funds own 84.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CDNS shares. Wells Fargo & Company decreased their target price 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. Morgan Stanley reduced their price objective on Cadence Design Systems from $385.00 to $370.00 and set an "overweight" rating for the company in a research note on Wednesday, February 18th. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a research report on Wednesday, February 18th. Needham & Company LLC reiterated a "buy" rating and issued a $390.00 target price on shares of Cadence Design Systems in a research note on Wednesday, February 18th. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $360.00 target price on shares of Cadence Design Systems in a report on Thursday, February 26th. Fifteen investment 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 company has a consensus rating of "Moderate Buy" and an average target price of $376.50.

Insiders Place Their Bets

In other Cadence Design Systems news, Director Ita M. Brennan sold 180 shares of the business's stock in a transaction 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 sale, the director directly owned 7,470 shares in the company, valued at approximately $2,203,874.10. The trade was a 2.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction on Monday, March 2nd. The stock was 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 $28,032,115.86. The trade was a 1.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,185 shares of company stock worth $927,728 in the last ninety days. 1.99% of the stock is currently owned by corporate insiders.

Cadence Design Systems Stock Performance

Shares of Cadence Design Systems stock opened at $278.72 on Friday. The firm has a market cap of $76.95 billion, a price-to-earnings ratio of 68.65, a price-to-earnings-growth ratio of 3.35 and a beta of 1.04. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45. The company's 50-day simple moving average is $291.71 and its 200-day simple moving average is $315.31. 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 (NASDAQ:CDNS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 17th. The software maker reported $1.99 EPS 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 during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm earned $1.88 earnings per share. The firm's 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. As a group, equities research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

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.

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