CDNS Sr. VP Paul Cunningham Sells $648K of Stock
Paul Cunningham parted with 2,000 shares of Cadence Design Systems, Inc. under a pre-arranged trading plan.
Reviewed by automated data checks against the source filing. How we make and check alerts
Paul Cunningham, Sr. Vice President at Cadence Design Systems, Inc. ($CDNS), sold 2,000 shares at an average price of $324.13, worth about $648,260, on October 15, 2026. The trade was reported to the SEC in a Form 4 filing and was made under a pre-arranged Rule 10b5-1 trading plan.
Since the trade, $CDNS is down 1.5% to date (from the $324.38 close on Oct 15, 2026).
CDNS
Cadence Design Systems, Inc.
Key Points
- Cadence Design Systems senior vice president Paul Cunningham sold 2,000 shares at an average price of $324.13 on October 15, 2026.
- After the trade, Paul Cunningham holds 119,612 $CDNS shares, down 1.64% from before the trade.
- The transaction was carried out under a pre-arranged Rule 10b5-1 plan, generating $648,260.
- The software developer recently posted trailing twelve-month revenue of $5.84 billion ahead of its late October earnings release.
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Cadence Design Systems, Inc. senior vice president Paul Cunningham sold 2,000 shares of company stock on October 15, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at an average price of $324.13, totaling $648,260. The transaction was executed under a pre-arranged trading plan.
Inside Paul Cunningham's Cadence Trade
Cunningham carried out the sale of 2,000 shares on October 15, 2026, fetching a total value of $648,260. The trade was pre-scheduled under a Rule 10b5-1 plan. On the day of the transaction, Cadence Design Systems closed at $324.38 on the NasdaqGS.
Other Institutional Activity in Cadence Design Systems
Institutional investors adjusted their holdings earlier in the year. Amundi grew its holdings by 75,492 shares, ending with 2,060,334 shares worth about $781.98 million. First Trust Advisors reduced its stake by 104,187 shares, leaving it with 497,625 shares valued at $193.60 million. Van Eck Associates Corporation added 874,520 shares to hold 4,889,765 shares worth $1.56 billion.
Cadence Design Systems, Inc. Stock Down 1.7%
Shares recently traded around $318.71 as of October 16, 2026. The stock closed at $324.38 on the day of the insider trade.
Recent Earnings
Cadence Design Systems generated trailing-twelve-month revenue of $5.84 billion and earnings of $5.03 per share. The technology firm reported a net profit margin of 23.6% alongside a return on equity of 23.2%. Investors are watching for the company's next earnings report scheduled for October 26, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
5 target raises vs 1 cuts.
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EPS & revenue
EPS beat estimates by 1.2%. Revenue met estimates.
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Profit surprise
EBITDA missed by 34 percent. Operating income missed by 32 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
5 target raises, 1 target cut.
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Earnings quality
Gross margin up 9.3 points. Positive free cash flow.
Earnings Call Summary
Cadence delivered a strong first quarter with $1.47 billion in revenue and record $8 billion backlog, driven by accelerating demand for AI-powered chip design tools. The company introduced new agentic AI agents for analog and digital design, signed a major IP deal with a leading foundry, and expects these AI tools to boost usage of its existing software while opening new revenue categories through subscription and consumption-based pricing.
Guidance Cadence raised its full year 2026 revenue outlook to about $6.2 billion, expecting 17 percent growth. The company expects to reach the Rule of 60 metric for the first time and plans to spend about half of free cash flow on share buybacks this year.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
Insider Buying and Selling at Cadence Design Systems, Inc.
Several other company insiders executed transactions prior to Cunningham's sale. Paul Scannell sold 280 shares for $94,920 on August 26, 2026. Director Ita M Brennan sold 180 shares valued at $51,392 on September 10, 2026. Paul Alexander Cunningham sold 2,000 shares for $554,240 on September 15, 2026. Director Vincentelli Alberto Sangiovanni sold 1,250 shares for $437,590 on October 1, 2026.
Analysts Set New Price Targets
Wall Street firms maintain positive views on the stock. B of A Securities, Rosenblatt, Citigroup, and Baird all issued buy or outperform ratings with a $420.00 price target in late July 2026, while Needham reiterated a buy rating with a $400.00 target. The stock holds a consensus strong buy rating across 26 analyst opinions with a mean target price of $406.24.
About Cadence Design Systems, Inc.
Cadence Design Systems develops computational software, hardware, and silicon intellectual property products. Its tools help engineers build complex chips and electronics used across the technology sector. The company is headquartered in San Jose, California, and employs over 15,000 people.
Bottom Line
Cunningham's pre-arranged sale comes ahead of the company's scheduled financial report later in October. Investors will monitor the upcoming earnings release and subsequent institutional filings for further updates on company performance.
Related Filing Alerts
Source: Paul Cunningham's Form 4 filing on $CDNS (Oct 15, 2026). Read the original filing: Form 4 filing on SEC EDGAR. Written by software, not financial advice. How we make alerts