Cadence Design Systems, Inc. $CDNS Shares Purchased by Teacher Retirement System of Texas

The Teacher Retirement System of Texas increased its holdings in Cadence Design Systems (NASDAQ:CDNS) by 28.3% during the fourth quarter, acquiring an additional 24,918 shares. Other institutional investors like Vanguard Group Inc. and State Street Corp also increased their stakes. Analysts maintain a “Moderate Buy” rating for CDNS with a consensus price target of $377.06, driven by the company’s strategic partnerships and strong interest in AI products despite recent insider selling and valuation concerns.

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