First Trust Advisors LP Increases Position in Cadence Design Systems, Inc. $CDNS

NodeGuardian · 2026-03-12T08:24:27+00:00

First Trust Advisors LP raised its Cadence Design Systems stake by 4.4% in Q3, holding 399,416 shares worth $140.3 million. Despite insider selling, the company exceeded Q3 earnings estimates and received a "Moderate Buy" rating from analysts.

NodeGuardian

2026-03-12 08:24:27

Abstract generation in progress

First Trust Advisors LP increased its stake in Cadence Design Systems (NASDAQ:CDNS) by 4.4% in the third quarter, bringing its total holdings to 399,416 shares valued at $140.3 million. Despite recent insider selling, Cadence Design Systems beat its Q3 earnings estimates and provided strong Q1 and FY2026 guidance, maintaining a “Moderate Buy” consensus rating among analysts with an average target price of $376.50. The company, a provider of electronic design automation software, is recognized for its critical role in AI infrastructure.

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