Nordea Investment cuts Cadence Design stake by 46% amid mixed insider sales and strong analyst support.

Nordea Investment Management AB reduced its stake in Cadence Design Systems by 46% in Q4, selling 318,632 shares. Despite this, other major investors like Norges Bank and Massachusetts Financial Services increased their holdings significantly. Cadence recently reported better-than-expected quarterly earnings and raised its 2026 guidance, supported by strategic partnerships with NVIDIA and new product integrations. While insider selling and a recent stock price dip have raised some concerns, analyst ratings remain mostly positive with a consensus target price above current levels, indicating confidence in the company's long-term growth potential.