Cadence Design Systems, Inc. $CDNS Shares Purchased by Thematics Asset Management

Key Points

• Thematics Asset Management increased its holdings in Cadence Design Systems by 7.3% in Q1, now owning approximately $46.6 million worth of stock, making it the firm's 4th largest position.
• Multiple institutional investors have significantly raised their stakes, with GAMMA Investing LLC increasing its holding by over 31,000% and Nuveen LLC acquiring a new position valued at around $290 million.
• Cadence Design Systems reported a quarterly EPS of $1.65, beating estimates, and has set optimistic guidance for Q3 2025, suggesting expected EPS between $1.750 and $1.810.

Thematics Asset Management increased its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 7.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,049 shares of the software maker's stock after purchasing an additional 12,396 shares during the quarter. Cadence Design Systems makes up 2.4% of Thematics Asset Management's investment portfolio, making the stock its 4th largest holding. Thematics Asset Management owned about 0.07% of Cadence Design Systems worth $46,555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CDNS. Smallwood Wealth Investment Management LLC purchased a new position in Cadence Design Systems in the 1st quarter worth about $25,000. Costello Asset Management INC purchased a new position in Cadence Design Systems in the 1st quarter worth about $25,000. Valley National Advisers Inc. increased its stake in Cadence Design Systems by 707.1% in the 1st quarter. Valley National Advisers Inc. now owns 113 shares of the software maker's stock worth $28,000 after purchasing an additional 99 shares in the last quarter. Ancora Advisors LLC increased its stake in Cadence Design Systems by 1,400.0% in the 4th quarter. Ancora Advisors LLC now owns 120 shares of the software maker's stock worth $36,000 after purchasing an additional 112 shares in the last quarter. Finally, Meeder Asset Management Inc. grew its stake in Cadence Design Systems by 36.5% during the 1st quarter. Meeder Asset Management Inc. now owns 172 shares of the software maker's stock valued at $44,000 after acquiring an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 84.85% of the company's stock.

Cadence Design Systems Stock Performance

CDNS traded down $1.16 on Tuesday, hitting $344.03. The company had a trading volume of 1,718,578 shares, compared to its average volume of 1,818,608. The company's fifty day moving average price is $331.14 and its 200 day moving average price is $296.38. Cadence Design Systems, Inc. has a 1-year low of $221.56 and a 1-year high of $376.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.82 and a quick ratio of 2.67. The stock has a market cap of $93.74 billion, a price-to-earnings ratio of 92.98, a price-to-earnings-growth ratio of 4.53 and a beta of 0.97.

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

Insider Buying and Selling

In other news, Director Ita M. Brennan sold 180 shares of the business's stock in a transaction that occurred 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 sale, the director directly owned 8,010 shares in the company, valued at approximately $2,435,040. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $358.72, for a total value of $358,720.00. Following the sale, the vice president owned 104,499 shares in the company, valued at approximately $37,485,881.28. This represents a 0.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,830 shares of company stock worth $1,207,671. 0.37% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CDNS has been the topic of several research analyst reports. Bank of America lifted their target price on Cadence Design Systems from $320.00 to $350.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Needham & Company LLC lifted their target price on Cadence Design Systems from $325.00 to $390.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $300.00 target price on shares of Cadence Design Systems in a research note on Friday, July 25th. Berenberg Bank set a $400.00 target price on Cadence Design Systems in a research note on Wednesday, July 30th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $355.00 target price (up previously from $328.00) on shares of Cadence Design Systems in a research note on Tuesday, July 29th. Twelve research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Cadence Design Systems has an average rating of "Moderate Buy" and an average price target of $364.33.

Cadence Design Systems Company Profile

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.