Patton Fund Management Inc. Has $3.20 Million Stock Holdings in Cadence Design Systems, Inc. $CDNS

Key Points

• Patton Fund Management cut its Cadence stake by 26.8%, selling 3,749 shares and leaving 10,245 shares valued at $3.20 million in its most recent 13F filing.
• Cadence beat quarterly estimates with $1.99 EPS (vs. $1.91) and $1.44B revenue (vs. $1.42B), issued Q1 2026 EPS guidance of 1.890–1.950 and FY2026 guidance of 8.050–8.150, and holds a consensus “Moderate Buy” rating with an average price target of $376.50.
• Several institutions materially increased positions (notably Peterson Wealth Services and Pacer Advisors), leaving institutional investors with 84.85% ownership, while insiders sold a modest 3,185 shares last quarter and now own 0.49% of the company.

Patton Fund Management Inc. cut its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 26.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,245 shares of the software maker's stock after selling 3,749 shares during the quarter. Patton Fund Management Inc.'s holdings in Cadence Design Systems were worth $3,202,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Peterson Wealth Services boosted its position in Cadence Design Systems by 1,501.3% during 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. boosted its position 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 acquiring an additional 82,856 shares during the last quarter. Stanley Laman Group Ltd. acquired a new position in Cadence Design Systems during the 3rd quarter worth approximately $6,177,000. Nvwm LLC boosted its position in Cadence Design Systems by 102.0% during the 3rd quarter. Nvwm LLC now owns 10,028 shares of the software maker's stock worth $3,522,000 after acquiring an additional 5,064 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Cadence Design Systems by 301.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 49,999 shares of the software maker's stock worth $17,563,000 after acquiring an additional 37,558 shares during the last quarter. 84.85% of the stock is currently owned by institutional investors and hedge funds.

Cadence Design Systems Stock Up 8.5%

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

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The software maker reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.91 by $0.08. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.42 billion. Cadence Design Systems had a return on equity of 29.34% and a net margin of 20.93%.The company's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter last year, the business 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. On average, equities analysts anticipate that Cadence Design Systems, Inc. will post 5.41 earnings per share for the current year.

Insider Buying and Selling at Cadence Design Systems

In related news, Director Ita M. Brennan sold 180 shares of the firm's 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 transaction, the director owned 7,470 shares in the company, valued at approximately $2,203,874.10. This trade represents a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul Cunningham sold 1,000 shares of the firm's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $297.78, for a total value of $297,780.00. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,185 shares of company stock worth $927,728 in the last quarter. Company insiders own 0.49% of the company's stock.

Analyst Ratings Changes

CDNS has been the subject of several recent analyst reports. Weiss Ratings reissued a "hold (c)" rating on shares of Cadence Design Systems in a report on Monday, December 29th. Rosenblatt Securities reissued a "buy" rating and issued a $360.00 price objective on shares of Cadence Design Systems in a report on Thursday, February 26th. Wells Fargo & Company cut their price objective on Cadence Design Systems from $410.00 to $375.00 and set an "overweight" rating for the company in a report on Wednesday, February 18th. Stifel Nicolaus set a $395.00 price objective on Cadence Design Systems in a report on Wednesday, February 18th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $390.00 price objective on shares of Cadence Design Systems in a report on Wednesday, February 18th. Fifteen analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Cadence Design Systems currently has a consensus rating of "Moderate Buy" and an average price target of $376.50.

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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