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Jennison Associates LLC Sells 1,016,098 Shares of Cadence Design Systems, Inc. $CDNS
Jennison Associates LLC significantly reduced its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 11.6% in the fourth quarter, selling over a million shares. Despite this, Cadence remains Jennison’s 20th largest holding, valued at $2.41 billion. The article also details recent analyst upgrades and price target increases for CDNS, as well as positive quarterly earnings results that beat consensus estimates.