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Ethic Inc. has expanded its position in Cadence Design Systems (CDNS), increasing its total holdings to 31,244 shares valued at approximately $9.77 million. This accumulation occurs as institutional ownership in CDNS remains robust, currently standing at about 84.85% of the company's outstanding shares. Market analysts have established an average price target of $380.59 for the stock, signaling significant confidence in the firm's growth trajectory within the electronic design automation sector. The strategic move by Ethic Inc. underscores a growing institutional appetite for high-performing technology assets. Investors are closely monitoring these shifts in ownership as indicators of long-term value in the semiconductor software space.
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