Parkwood LLC Raises Stock Position in Cadence Design Systems, Inc. $CDNS

Key Points

• Parkwood LLC increased its stake in Cadence Design Systems by 81.2%, now holding 69,894 shares valued at $17.77 million, making it the firm's 25th largest investment.
• Multiple institutional investors, including Nissay Asset Management and NewEdge Advisors, have notably boosted their holdings in Cadence Design Systems during the first quarter, with 84.85% of the stock now owned by institutional investors and hedge funds.
• Cadence Design Systems reported $1.65 EPS for the latest quarter, exceeding expectations and showing a 20.2% year-over-year revenue increase, with a future earnings guidance of $1.750-$1.810 EPS for Q3 2025.

Parkwood LLC lifted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 81.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,894 shares of the software maker's stock after acquiring an additional 31,324 shares during the period. Cadence Design Systems accounts for approximately 1.6% of Parkwood LLC's investment portfolio, making the stock its 25th biggest holding. Parkwood LLC's holdings in Cadence Design Systems were worth $17,777,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Piper Sandler reaffirmed a "neutral" rating and set a $355.00 price target (up from $328.00) on shares of Cadence Design Systems in a research report on Tuesday, July 29th. KeyCorp boosted their price target on Cadence Design Systems from $358.00 to $405.00 and gave the company an "overweight" rating in a report on Tuesday, July 29th. Mizuho upped their price objective on Cadence Design Systems from $360.00 to $375.00 and gave the stock an "outperform" rating in a research report 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 report on Friday, July 25th. Finally, Wells Fargo & Company increased their price target on shares of Cadence Design Systems from $365.00 to $405.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Twelve equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $364.33.

Insider Buying and Selling at Cadence Design Systems

In related news, VP Paul Cunningham sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $343.95, for a total transaction of $343,950.00. Following the transaction, the vice president directly owned 102,499 shares in the company, valued at approximately $35,254,531.05. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have sold 4,000 shares of company stock valued at $1,311,020 over the last quarter. Company insiders own 1.99% of the company's stock.

Cadence Design Systems Price Performance

NASDAQ:CDNS traded down $23.24 during trading hours on Wednesday, hitting $338.53. 5,844,814 shares of the stock were exchanged, compared to its average volume of 1,247,144. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.49. The firm's fifty day moving average price is $341.92 and its 200 day moving average price is $300.96. The company has a market cap of $92.25 billion, a P/E ratio of 91.49, a P/E/G ratio of 4.74 and a beta of 1.00. Cadence Design Systems, Inc. has a 52-week low of $221.56 and a 52-week high of $376.45.

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 firm had revenue of $1.28 billion during 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 for the quarter was up 20.2% on a year-over-year basis. During the same period in the previous year, the business 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. As a group, equities research analysts anticipate that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

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.