Munich Reinsurance Co Stock Corp in Munich Raises Holdings in Cadence Design Systems, Inc. $CDNS

Munich Reinsurance Co Stock Corp in Munich significantly increased its stake in Cadence Design Systems (NASDAQ:CDNS) by 2,347.1% in Q4, acquiring an additional 10,914 shares to hold a total of 11,379 shares valued at $3.59 million. This increase comes as Cadence strengthens its AI-focused product pipeline through expanding partnerships with TSMC, NVIDIA, and Google, contributing to a “Moderate Buy” consensus rating among analysts with an average target price of $377.06. Despite significant institutional ownership, insider selling has also been noted, with the CFO selling 21,500 shares.

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