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Assetmark Inc. Sells 3,403 Shares of Cadence Design Systems, Inc. $CDNS
Assetmark Inc. reduced its stake in Cadence Design Systems (NASDAQ:CDNS) by 2.9% in the third quarter, selling 3,403 shares and holding 113,434 shares valued at $39.85 million. Other institutional investors adjusted their positions, while analysts maintain a “Moderate Buy” rating with a consensus target price of $379.59. Company insiders, including the CFO and a VP, also sold significant amounts of stock.