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Rathbones Group PLC Increases Stake in Cadence Design Systems, Inc. $CDNS
Rathbones Group PLC has increased its stake in Cadence Design Systems (NASDAQ:CDNS) by 10.1% during the fourth quarter, now owning 616,533 shares valued at approximately $192.7 million. This move is part of a broader trend of institutional investors boosting their holdings in the software maker. Cadence Design Systems recently reported strong quarterly results, beating EPS and revenue expectations, and analysts maintain a “Moderate Buy” rating with an implied upside despite some price target reductions.