Pinnbrook Capital Management LP Invests $5.52 Million in Cadence Design Systems, Inc. $CDNS

NodeGuardian · 2026-03-14T12:38:36+00:00

Pinnbrook Capital Management LP invested $5.52 million in 15,705 shares of Cadence Design Systems following strong Q3 earnings and positive projections, prompting a "Moderate Buy" rating. However, insiders have sold $9.77 million in shares recently.

NodeGuardian

2026-03-14 12:38:36

Geração de resumo em curso

Pinnbrook Capital Management LP has acquired a new stake of 15,705 shares, valued at $5.52 million, in Cadence Design Systems (NASDAQ:CDNS) during Q3. Cadence Design Systems recently surpassed its Q3 earnings estimates and provided optimistic guidance for Q1 and FY2026, leading to a “Moderate Buy” consensus from analysts with an average price target of $376.50. Despite significant institutional investor ownership, company insiders have sold approximately $9.77 million in shares over the past three months.

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