Machina Capital S.A.S. significantly reduced its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 85.2% during the third quarter, holding only 1,131 shares valued at $397,000. Despite this, other institutional investors have either acquired new stakes or increased their holdings in the company. Cadence Design Systems, a global provider of electronic design automation software, maintains a “Moderate Buy” rating from analysts with an average price target of $379.59.
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Cadence Design Systems, Inc. $CDNS Shares Sold by Machina Capital S.A.S.
Machina Capital S.A.S. significantly reduced its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 85.2% during the third quarter, holding only 1,131 shares valued at $397,000. Despite this, other institutional investors have either acquired new stakes or increased their holdings in the company. Cadence Design Systems, a global provider of electronic design automation software, maintains a “Moderate Buy” rating from analysts with an average price target of $379.59.