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Ithaka Group LLC Grows Position in Cadence Design Systems, Inc. $CDNS
Ithaka Group LLC significantly increased its stake in Cadence Design Systems (CDNS) by 46.7% in Q3, now holding 39,606 shares valued at $13.91 million. This increase follows Cadence beating Q3 earnings expectations with strong Q1 and FY2026 guidance, driven by interest in its AI products. Despite insider selling, institutional investors own a substantial 84.85% of the software maker’s stock.