Antonelli Financial Advisors LLC Buys Shares of 731 Synopsys, Inc. (NASDAQ:SNPS)

Antonelli Financial Advisors LLC acquired a new stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 731 shares of the semiconductor company's stock, valued at approximately $355,000.

Other large investors have also added to or reduced their stakes in the company. Edgewood Management LLC increased its stake in shares of Synopsys by 18.9% in the third quarter. Edgewood Management LLC now owns 3,069,848 shares of the semiconductor company's stock valued at $1,554,540,000 after buying an additional 487,025 shares during the period. Raymond James Financial Inc. acquired a new stake in Synopsys during the 4th quarter valued at approximately $199,065,000. Proficio Capital Partners LLC raised its holdings in Synopsys by 71,578.5% during the 4th quarter. Proficio Capital Partners LLC now owns 386,347 shares of the semiconductor company's stock worth $187,517,000 after purchasing an additional 385,808 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Synopsys by 32.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,048,709 shares of the semiconductor company's stock worth $531,056,000 after purchasing an additional 257,526 shares during the period. Finally, Alecta Tjanstepension Omsesidigt bought a new stake in shares of Synopsys in the 4th quarter valued at $104,741,000. Institutional investors own 85.47% of the company's stock.

Synopsys Stock Down 0.1 %

SNPS stock traded down $0.54 during midday trading on Tuesday, reaching $457.23. 758,960 shares of the company's stock traded hands, compared to its average volume of 1,020,532. Synopsys, Inc. has a 52 week low of $425.73 and a 52 week high of $624.80. The company has a market cap of $70.70 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 3.23 and a beta of 1.16. The firm's fifty day moving average price is $490.60 and its 200-day moving average price is $506.31.

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Insider Transactions at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of Synopsys stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the transaction, the executive now owns 1,460 shares of the company's stock, valued at $738,774.60. This trade represents a 93.45 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Geus Aart De sold 15,705 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total value of $6,979,616.10. Following the completion of the transaction, the insider now directly owns 116,671 shares of the company's stock, valued at approximately $51,850,925.82. This represents a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,909 shares of company stock valued at $22,794,835 over the last three months. Corporate insiders own 0.62% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SNPS shares. Redburn Atlantic began coverage on shares of Synopsys in a research note on Monday, January 13th. They set a "buy" rating and a $600.00 target price for the company. Wells Fargo & Company lowered their price objective on Synopsys from $540.00 to $520.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. Morgan Stanley cut their target price on Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Piper Sandler lowered their target price on Synopsys from $655.00 to $653.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Finally, Rosenblatt Securities restated a "buy" rating and set a $660.00 price target on shares of Synopsys in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $638.58.

Synopsys Company Profile

Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits. It operates in three segments: Design Automation, Design IP, and Software Integrity. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions; Verification solution that offers virtual prototyping, static and formal verification, simulation, emulation, field programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.