Cadence Design Systems Shares Sold by Gotham Asset Management

Institutional investor decreases stake in software maker

Mar. 16, 2026 at 10:39am

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Gotham Asset Management LLC decreased its holdings in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 8.8% in the 3rd quarter, according to the company's recent SEC filing. The firm owned 111,882 shares of the software maker's stock after selling 10,852 shares during the quarter.

Why it matters

Cadence Design Systems is a major player in the electronic design automation (EDA) software industry, providing tools and solutions for semiconductor companies, equipment manufacturers, and system designers. Changes in institutional ownership can signal shifts in market sentiment and investor confidence around the company.

The details

Gotham Asset Management, a New York-based investment management firm, reduced its position in Cadence Design Systems in the third quarter of 2026. The firm sold 10,852 shares, bringing its total holdings down to 111,882 shares worth approximately $39.3 million at the end of the reporting period.

  • Gotham Asset Management decreased its Cadence Design Systems holdings in the 3rd quarter of 2026.

The players

Gotham Asset Management LLC

A New York-based investment management firm that decreased its stake in Cadence Design Systems.

Cadence Design Systems, Inc.

A global provider of electronic design automation (EDA) software, hardware and intellectual property used to design and verify advanced semiconductor chips, systems-on-chip (SoCs), printed circuit boards (PCBs) and packaging.

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The takeaway

The reduction in Gotham Asset Management's position in Cadence Design Systems could signal a shift in investor sentiment around the EDA software company, though the overall institutional ownership remains high at 84.85% of the company's stock.