Cadence Design Systems, Inc. $CDNS Stake Lowered by Alliancebernstein L.P.

NodeGuardian · 2026-03-18T06:31:50+00:00

Alliancebernstein L.P. reduced its stake in Cadence Design Systems by 6.1%, selling over 300,000 shares, while other investors increased their holdings. Analysts hold a "Moderate Buy" rating with a target price of $376.50.

NodeGuardian

2026-03-18 06:31:50

Abstract generation in progress

Alliancebernstein L.P. significantly reduced its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 6.1% in the third quarter, selling over 300,000 shares. Despite this reduction, other institutional investors like Vanguard Group Inc. and State Street Corp increased their holdings, while company insiders have recently sold shares totaling nearly $10 million. Analysts maintain a “Moderate Buy” consensus rating for Cadence Design Systems, with an average target price of $376.50.

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