Lord Abbett & CO. LLC cut its stake in Cadence Design Systems, Inc. ( NASDAQ:CDNS – Get Rating ) by 52.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 214,562 shares of the software maker's stock after selling 240,783 shares during the period. Lord Abbett & CO. LLC owned 0.08% of Cadence Design Systems worth $34,467,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors also recently modified their holdings of the company.

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