Cadence Design Systems Insider Paul Cunningham Sells Shares

Paul Cunningham, Senior Vice President at Cadence Design Systems, Inc. (NasdaqGS: CDNS), executed a planned sale of 2,000 shares on June 15, 2026. The shares were sold at an average price of $391 each, totaling $782,000.

Insider Buying and Selling at Cadence Design Systems, Inc.

On June 15, 2026, Paul Cunningham sold 2,000 shares at an average price of $391 in a planned transaction. Earlier on the same day, he also bought 1,000 shares at $138.02 and sold another 1,000 shares at no cost, not under a pre-arranged plan. Other insiders like James Plummer and Ita Brennan also made sales in June under planned transactions.

Other Institutional Activity in Cadence Design Systems

Several institutional investors have been active in Cadence Design Systems. BlackRock, Inc. reduced its holdings by 694,182 shares to 25,452,593 shares, valued at approximately $7.07 billion. Vanguard Capital Management LLC added 17,813,174 shares, bringing its total to the same amount, valued at about $4.95 billion. State Street Corp trimmed its position by 111,345 shares, resulting in a total of 12,492,023 shares worth around $3.47 billion. FMR LLC cut its holdings by 730,636 shares, leaving it with 9,153,206 shares valued at $2.54 billion. Meanwhile, Geode Capital Management, LLC increased its position by 248,199 shares, ending with 7,875,471 shares valued at $2.19 billion.

Cadence Design Systems, Inc. Stock Up 13.9%

Shares of Cadence Design Systems (NasdaqGS: CDNS) traded near $387.85. The company has a market capitalization of approximately $107 billion and a P/E ratio of 89.99. Its forward P/E ratio is 41.33, with a beta of 1.149. The stock's 52-week range is between $262.75 and $416.69, with a 50-day moving average of $349.55 and a 200-day moving average of $325.91.

Analysts Set New Price Targets

On June 9, 2026, Stifel maintained a 'buy' rating for Cadence Design Systems, setting a price target of $432. Wells Fargo also reiterated its 'buy' stance with a $425 target on May 26, 2026. Other firms like Citigroup, Keybanc, and Rosenblatt continue to support 'buy' ratings with targets ranging from $375 to $425. The consensus recommendation remains a 'strong buy', with a mean target price of $385.37 from 26 analysts.

About Cadence Design Systems

Cadence Design Systems, Inc., headquartered in San Jose, California, develops computational and AI-driven software, hardware, and silicon intellectual property products. The company specializes in functional verification services and digital IC design solutions. With about 15,110 employees, Cadence collaborates strategically with NVIDIA to advance its technology offerings. Dr. Anirudh Devgan serves as the company's CEO.

Bottom Line

Paul Cunningham's recent stock sale is part of a planned transaction, reflecting typical insider activity. Investors track these transactions to gauge insider sentiment, although they may not directly impact stock performance. Cadence Design Systems continues to receive strong support from analysts, maintaining a 'strong buy' consensus. As always, insider transactions are just one piece of the broader investment puzzle.