Bank of Montreal Can Grows Stock Position in Cadence Design Systems

The firm added nearly 10,000 shares to its stake in the software maker in the third quarter.

Published on Mar. 12, 2026

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Bank of Montreal Can grew its stake in Cadence Design Systems, Inc. (NASDAQ:CDNS) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 306,903 shares of the software maker's stock after buying an additional 9,924 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 used by semiconductor companies, original equipment manufacturers, and system designers around the world. The company's stock has seen strong performance, and this increase in ownership by a major institutional investor like Bank of Montreal Can suggests continued confidence in Cadence's business outlook.

The details

According to the SEC filing, Bank of Montreal Can's stake in Cadence Design Systems was worth $107.8 million as of the end of the third quarter. Other major institutional investors that have increased their positions in Cadence include Massachusetts Financial Services Co. MA, which now owns over 5.3 million shares, and Voya Investment Management LLC, which owns nearly 700,000 shares.

  • Bank of Montreal Can grew its stake in Cadence Design Systems during the 3rd quarter of 2026.

The players

Bank of Montreal Can

A major Canadian financial institution and investment management firm.

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

Bank of Montreal Can's increased stake in Cadence Design Systems reflects the investment firm's confidence in the software maker's continued growth and leadership in the EDA industry. As Cadence's products and solutions remain in high demand, its stock could continue to be an attractive investment for major institutional investors.