DRW Securities LLC Raises Stake in Cadence Design Systems, Inc. $CDNS

Key Points

• DRW Securities LLC increased its holdings in Cadence Design Systems by 72.5% in Q1, acquiring an additional 1,278 shares for a total of 3,041 shares valued at approximately $773,000.
• Other institutional investors, like GAMMA Investing LLC, significantly increased their stakes, with GAMMA raising its holdings by an astounding 31,049.1% during the same quarter.
• Cadence Design Systems reported a quarterly EPS of $1.65, surpassing expectations, and also projected Q3 2025 EPS guidance of 1.750-1.810.

DRW Securities LLC boosted its position in Cadence Design Systems, Inc. (NASDAQ:CDNS - Free Report) by 72.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,041 shares of the software maker's stock after purchasing an additional 1,278 shares during the period. DRW Securities LLC's holdings in Cadence Design Systems were worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CDNS. Brighton Jones LLC lifted its stake in Cadence Design Systems by 80.2% in the fourth quarter. Brighton Jones LLC now owns 1,519 shares of the software maker's stock worth $456,000 after purchasing an additional 676 shares during the last quarter. Highview Capital Management LLC DE grew its stake in Cadence Design Systems by 2.7% in the 4th quarter. Highview Capital Management LLC DE now owns 6,304 shares of the software maker's stock worth $1,894,000 after acquiring an additional 163 shares in the last quarter. Ancora Advisors LLC grew 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 acquiring an additional 112 shares in the last quarter. BNP Paribas grew its stake in Cadence Design Systems by 12.8% in the 4th quarter. BNP Paribas now owns 6,575 shares of the software maker's stock worth $1,980,000 after acquiring an additional 748 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its stake in Cadence Design Systems by 13.4% in the 4th quarter. Benjamin Edwards Inc. now owns 21,523 shares of the software maker's stock worth $6,467,000 after acquiring an additional 2,544 shares in the last quarter. Institutional investors own 84.85% of the company's stock.

Insider Activity

In other news, Director Ita M. Brennan sold 180 shares of the company's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $304.00, for a total transaction of $54,720.00. Following the transaction, the director owned 8,010 shares in the company, valued at $2,435,040. This represents a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Paul Cunningham sold 1,000 shares of the company'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 owned 102,499 shares in the company, valued at approximately $35,254,531.05. This trade represents a 0.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,180 shares of company stock worth $1,365,740. Corporate insiders own 1.99% of the company's stock.

Cadence Design Systems Stock Up 0.5%

Shares of NASDAQ:CDNS traded up $1.68 during trading on Friday, reaching $351.01. The stock had a trading volume of 1,115,780 shares, compared to its average volume of 1,252,134. Cadence Design Systems, Inc. has a one year low of $221.56 and a one year high of $376.45. The company has a market capitalization of $95.65 billion, a P/E ratio of 94.87, a PEG ratio of 4.58 and a beta of 1.00. 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 50-day simple moving average is $339.27 and its 200 day simple moving average is $299.17.

Cadence Design Systems (NASDAQ:CDNS - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The software maker reported $1.65 earnings per share for the quarter, beating analysts' consensus estimates of $1.56 by $0.09. Cadence Design Systems had a net margin of 19.88% and a return on equity of 29.65%. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.25 billion. During the same period last year, the business earned $1.28 EPS. The company's revenue was up 20.2% compared to the same quarter last year. 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, research analysts expect that Cadence Design Systems, Inc. will post 5.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CDNS. Piper Sandler restated a "neutral" rating and issued a $355.00 target price (up from $328.00) on shares of Cadence Design Systems in a research note on Tuesday, July 29th. Needham & Company LLC boosted their price target on shares of Cadence Design Systems from $325.00 to $390.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Mizuho boosted their price target on shares of Cadence Design Systems from $360.00 to $375.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. Wall Street Zen lowered shares of Cadence Design Systems from a "buy" rating to a "hold" rating in a report on Sunday, August 31st. Finally, Robert W. Baird boosted their price target on shares of Cadence Design Systems from $340.00 to $380.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Twelve investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus 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.