Various institutional investors have shown increased interest and investments in Cadence Design Systems Inc., (NASDAQ: CDNS). Notably, companies such as B. Riley Wealth Advisors, Sendero Wealth Management, Fiduciary Alliance, and Czech National Bank have either purchased or increased their stake in CDNS. Several market analyses point to rising relative price strength of CDNS’ shares amid stock market variance, while concerns still persist following its late-day plunge and a recent 9.1% pullback. Mixed insider activities were also reported with Vice President Paul Cunningham selling 650 shares, while some companies like GAMMA Investing considerably increased their holdings. Various analyses rate CDNS as a top-ranked growth stock with robust financial prospects. Despite bearish activities like the sale of shares by firms such as AEGON ASSET MANAGEMENT UK and Woodline Partners LP, many see Cadence Design Systems as potentially undervalued. On another note, it is significant to note a pullback after the release of the company’s first-quarter results and updated estimates from analysts but maintaining better than expected Q1 earnings and revenues.
Cadence Design Systems CDNS News Analytics from Fri, 10 Jan 2025 08:00:00 GMT to Sat, 07 Jun 2025 16:40:09 GMT - Rating 2 - Innovation 5 - Information 6 - Rumor 3
