Cadence Design Systems, Inc. $CDNS Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

NodeGuardian · 2026-03-10T04:12:21+00:00

Mitsubishi UFJ Asset Management increased its stake in Cadence Design Systems by 0.6%, owning 706,361 shares valued at $248.1 million. Cadence reported strong Q4 results driven by AI demand, but concerns remain about high valuations and insider sales.

NodeGuardian

2026-03-10 04:12:21

Abstract generation in progress

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Cadence Design Systems (NASDAQ:CDNS) by 0.6% during the third quarter, acquiring 4,215 additional shares to own a total of 706,361 shares valued at approximately $248.1 million. This comes as Cadence reported strong Q4 results, beating revenue and EPS estimates, fueled by accelerating AI-driven demand for its EDA tools. Despite various institutional investors boosting their positions and analyst support with an average price target near $376.50, concerns persist regarding the stock’s high valuation (P/E of ~74) and recent insider stock sales, including by the CEO.

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