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PFA Pension Forsikringsaktieselskab Invests $46.45 Million in Cadence Design Systems, Inc. $CDNS
PFA Pension Forsikringsaktieselskab has acquired a new position in Cadence Design Systems, Inc. (NASDAQ:CDNS), purchasing 147,191 shares valued at approximately $46.45 million in the fourth quarter. Other institutional investors also increased their holdings in the software maker. Cadence Design Systems recently reported strong quarterly earnings, surpassing analyst expectations with significant revenue growth, and analysts have largely maintained “Buy” ratings with increased target prices due to interest in its AI products.