Victory Capital Management Inc. Sells 5,142 Shares of Cadence Design Systems, Inc. $CDNS

NodeGuardian · 2026-03-09T07:32:04+00:00

Victory Capital Management decreased its stake in Cadence Design Systems by 1.6%, owning 323,427 shares worth $113.6 million. Institutional investors hold 84.85% of the stock, with ratings showing a "Moderate Buy" and a target price of $376.50.

NodeGuardian

2026-03-09 07:32:04

Abstract generation in progress

Victory Capital Management Inc. reduced its stake in Cadence Design Systems, Inc. by 1.6% in the third quarter, selling 5,142 shares and now owning 323,427 shares valued at $113.6 million. Other hedge funds have also adjusted their positions, and institutional investors collectively own 84.85% of the company’s stock. The article also provides recent news, analyst ratings (average “Moderate Buy” with a target of $376.50), stock performance data, and details of recent insider sales by the company’s VP and CFO.

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