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Firetrail Investments PTY Ltd. Buys New Stake in Cadence Design Systems, Inc. $CDNS
Firetrail Investments PTY Ltd. has purchased a new stake in Cadence Design Systems, Inc. (NASDAQ:CDNS), acquiring 11,525 shares valued at approximately $3.62 million, making it their 29th largest holding. Other institutional investors also increased their positions in Cadence Design Systems, while some corporate insiders sold shares. This news comes as Cadence Design Systems stock is up 1.6% and has received a “Moderate Buy” consensus rating from analysts, with various firms boosting price targets after strong earnings.