Cadence Design Systems, Inc. $CDNS Stake Boosted by Parkwood LLC

Parkwood LLC boosted its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 81.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,894 shares of the software maker’s stock after purchasing an additional 31,324 shares during the quarter. Cadence Design Systems makes up about 1.6% of Parkwood LLC’s investment portfolio, making the stock its 25th largest holding. Parkwood LLC’s holdings in Cadence Design Systems were worth $17,777,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Cadence Design Systems by 77.9% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 222,397 shares of the software maker’s stock valued at $56,562,000 after buying an additional 97,350 shares during the period. NewEdge Advisors LLC lifted its holdings in Cadence Design Systems by 70.8% in the first quarter. NewEdge Advisors LLC now owns 24,980 shares of the software maker’s stock worth $6,353,000 after acquiring an additional 10,354 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cadence Design Systems by 12.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 362,978 shares of the software maker’s stock valued at $92,383,000 after acquiring an additional 39,871 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Cadence Design Systems by 3.8% during the first quarter. Integrated Wealth Concepts LLC now owns 2,203 shares of the software maker’s stock valued at $560,000 after purchasing an additional 80 shares during the last quarter. Finally, KADENSA CAPITAL Ltd raised its position in shares of Cadence Design Systems by 130.5% during the 1st quarter. KADENSA CAPITAL Ltd now owns 35,181 shares of the software maker’s stock worth $8,948,000 after purchasing an additional 19,916 shares during the period. 84.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CDNS shares. KeyCorp boosted their price objective on Cadence Design Systems from $358.00 to $405.00 and gave the company an “overweight” rating in a research report on Tuesday, July 29th. The Goldman Sachs Group assumed coverage on Cadence Design Systems in a research note on Thursday, July 10th. They set a “buy” rating and a $380.00 price objective for the company. Robert W. Baird upped their price objective on Cadence Design Systems from $340.00 to $380.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Loop Capital upped their price objective on Cadence Design Systems from $370.00 to $390.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Finally, Rosenblatt Securities restated a “neutral” rating and set a $300.00 price objective on shares of Cadence Design Systems in a research note on Friday, July 25th. Twelve equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $364.33.

Cadence Design Systems Trading Up 0.5%

Shares of NASDAQ:CDNS opened at $351.01 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 2.67 and a current ratio of 2.82. The stock has a market capitalization of $95.65 billion, a price-to-earnings ratio of 94.87, a PEG ratio of 4.58 and a beta of 1.00. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The company has a 50 day moving average price of $339.27 and a 200 day moving average price of $299.17.

Cadence Design Systems (NASDAQ:CDNS) last posted its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.09. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Cadence Design Systems had a return on equity of 29.65% and a net margin of 19.88%.The firm’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.28 earnings per share. Cadence Design Systems has set its Q3 2025 guidance at 1.750-1.810 EPS. FY 2025 guidance at 6.850-6.950 EPS. On average, research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Insider Buying and Selling at Cadence Design Systems

In other news, Director Ita M. Brennan sold 180 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $304.00, for a total transaction of $54,720.00. Following the completion of the sale, the director directly owned 8,010 shares of the company’s stock, valued at $2,435,040. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Paul Cunningham sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $343.95, for a total value of $343,950.00. Following the sale, the vice president directly owned 102,499 shares of the company’s stock, valued at approximately $35,254,531.05. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,180 shares of company stock valued at $1,365,740. Corporate insiders own 1.99% of the company’s stock.

About Cadence Design Systems

Cadence Design Systems, Inc provides software, hardware, services, and reusable integrated circuit (IC) design blocks worldwide. The company offers functional verification services, including emulation and prototyping hardware. Its functional verification offering consists of JasperGold, a formal verification platform; Xcelium, a parallel logic simulation platform; Palladium, an enterprise emulation platform; and Protium, a prototyping platform for chip verification.