CDNS ranks #237 out of 37696 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
1517 institutions disclose a position in CDNS, but none treat it as a major bet — even Van Eck Associates CORP, its most concentrated holder, allocates just 1.1% of its own portfolio to it.
Assenagon Asset Management S.A. has added to its CDNS position for two straight quarters, increasing it by $92.9M to reach $155.1M today.
Wedge Capital Management L L P/nc has trimmed its CDNS position for two straight quarters, cutting it by $53.7M while still holding $215.9K.
CDNS is down 1.5% today, but institutions show net buying of $40.6B this quarter — a divergence between today's price move and the underlying institutional flow.