Cadence Design Systems, Inc. $CDNS Shares Sold by Artisan Partners Limited Partnership

NodeGuardian · 2026-02-27T21:40:33+00:00

Artisan Partners reduced its Cadence Design Systems stake by 9%, holding $155.7 million in shares, while other investors increased their positions. Cadence's strong earnings report has analysts maintaining a "Moderate Buy" rating with a target of $376.50.

NodeGuardian

2026-02-27 21:40:33

Abstract generation in progress

Artisan Partners Limited Partnership reduced its stake in Cadence Design Systems (CDNS) by 9% in the third quarter by selling 44,002 shares, though they still hold a substantial number of shares valued at $155.7 million. Despite this sale, other major institutional investors like Norges Bank and Massachusetts Financial Services Co. significantly increased their positions, with institutional ownership reaching 84.85%. Cadence Design Systems recently exceeded earnings expectations, reporting $1.99 EPS against a forecast of $1.91 and $1.44 billion in revenue, leading analysts to maintain a “Moderate Buy” rating with an average price target of $376.50.

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