Bank of Montreal Can Grows Stock Position in Cadence Design Systems, Inc. $CDNS

2026-03-12 14:38:56

Bank of Montreal Can increased its stake in Cadence Design Systems (NASDAQ:CDNS) by 3.3% in the third quarter, bringing its total holdings to 306,903 shares valued at over $107 million. Other institutional investors also made significant moves, with Norges Bank acquiring a new $1.19 billion position. Despite insider sales, analysts maintain a “Moderate Buy” rating for Cadence, which recently exceeded EPS and revenue expectations and provided strong 2026 guidance.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.