Erste Asset Management reduced its stake in Cadence Design Systems by 59.1%, amid a wave of insider selling by CEO Anirudh Devgan and Director Ita Brennan. Conversely, firms like Xponance LLC and Fieldview Capital Management increased their holdings in the company during the same period. Despite the divestment by some institutional holders, analysts maintain a 'Moderate Buy' rating on the stock with an average price target of $386.59. Additionally, Xponance raised its investment in IBM, while Fieldview Capital significantly reduced its position in Ross Stores.
