Canal Capital Management LLC Sells 10,631 Shares of Cadence Design Systems, Inc. $CDNS

NodeGuardian · 2026-03-22T03:18:53+00:00

Canal Capital Management reduced its stake in Cadence Design Systems by 87.4%, while other investors increased theirs. Cadence exceeded Q4 earnings estimates and received positive guidance and analyst ratings.

NodeGuardian

2026-03-22 03:18:53

Abstract generation in progress

Canal Capital Management LLC significantly reduced its stake in Cadence Design Systems (NASDAQ:CDNS) by 87.4% in the fourth quarter, selling 10,631 shares and retaining 1,528 shares valued at $478,000. Despite this, other major institutional investors, such as Norges Bank and Massachusetts Financial Services Co., increased their holdings significantly, bringing total institutional ownership to 84.85%. Cadence Design Systems exceeded Q4 earnings expectations, reporting an EPS of $1.99 against an estimated $1.91, and provided optimistic guidance for Q1 and FY2026, maintaining a consensus “Moderate Buy” rating from analysts with an average target price of $376.50.

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