DDD Partners LLC Acquires New Position in Cadence Design Systems, Inc. $CDNS

DDD Partners LLC has initiated a new position in Cadence Design Systems (NASDAQ:CDNS) in Q3, purchasing 32,944 shares valued at $11.57 million. While institutional investors are increasing their stakes, company insiders have been net sellers, with CEO Anirudh Devgan and VP Paul Scannell selling shares totaling over $8.6 million. Despite insider selling, analyst sentiment remains largely positive, with a “Moderate Buy” consensus rating and an average price target of $379.59.