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Swedbank AB Purchases 51,394 Shares of Cadence Design Systems, Inc. $CDNS
Swedbank AB increased its stake in Cadence Design Systems (NASDAQ:CDNS) by 2.6% in the fourth quarter, acquiring an additional 51,394 shares and bringing its total holdings to over 2 million shares valued at $628.5 million. Other institutional investors have also adjusted their positions in the software maker, which currently has a market capitalization of $97.63 billion. The article also details recent insider stock sales, the company’s financial performance, and analyst ratings, with the stock holding a “Moderate Buy” consensus.