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Exchange Traded Concepts LLC Acquires 9,997 Shares of Cadence Design Systems, Inc. $CDNS
Exchange Traded Concepts LLC increased its stake in Cadence Design Systems, Inc. by 22.5% in the fourth quarter, now holding 54,386 shares valued at $17 million. Despite beating Q4 earnings estimates, Cadence Design Systems’ stock was down approximately 3.2%, and insiders have recently been net sellers. The company carries an average analyst rating of “Moderate Buy” with a target price of $376.50.