Avanza Fonder AB Invests $5.97 Million in Synopsys, Inc. (NASDAQ:SNPS)

Avanza Fonder AB bought a new stake in Synopsys, Inc. (NASDAQ:SNPS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,294 shares of the semiconductor company's stock, valued at approximately $5,967,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Hazlett Burt & Watson Inc. boosted its holdings in shares of Synopsys by 40.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company's stock worth $35,000 after buying an additional 20 shares in the last quarter. Green Alpha Advisors LLC boosted its holdings in shares of Synopsys by 1.7% during the 3rd quarter. Green Alpha Advisors LLC now owns 1,294 shares of the semiconductor company's stock worth $655,000 after buying an additional 22 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Synopsys by 1.5% during the 3rd quarter. Aptus Capital Advisors LLC now owns 1,447 shares of the semiconductor company's stock worth $733,000 after buying an additional 22 shares in the last quarter. Resurgent Financial Advisors LLC boosted its holdings in shares of Synopsys by 2.8% during the 3rd quarter. Resurgent Financial Advisors LLC now owns 809 shares of the semiconductor company's stock worth $410,000 after buying an additional 22 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Synopsys by 6.1% during the 3rd quarter. Larson Financial Group LLC now owns 398 shares of the semiconductor company's stock worth $202,000 after buying an additional 23 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors.

Synopsys Stock Up 2.1 %

NASDAQ SNPS traded up $10.89 on Friday, reaching $526.70. The company had a trading volume of 1,240,502 shares, compared to its average volume of 870,192. Synopsys, Inc. has a 52-week low of $457.52 and a 52-week high of $629.38. The stock has a market capitalization of $81.42 billion, a P/E ratio of 36.27, a P/E/G ratio of 3.22 and a beta of 1.12. The company's fifty day moving average is $519.43 and its 200 day moving average is $526.69.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SNPS shares. Loop Capital started coverage on Synopsys in a report on Monday, November 11th. They set a "buy" rating and a $675.00 price target on the stock. Redburn Atlantic initiated coverage on Synopsys in a research report on Monday, January 13th. They set a "buy" rating and a $600.00 target price on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $635.00 target price on shares of Synopsys in a research report on Wednesday, December 4th. Berenberg Bank initiated coverage on Synopsys in a research report on Tuesday, October 15th. They set a "buy" rating and a $660.00 target price on the stock. Finally, Mizuho initiated coverage on Synopsys in a research report on Tuesday, October 22nd. They set an "outperform" rating and a $650.00 target price on the stock. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $641.82.

Insider Activity

In other news, CRO Richard S. Mahoney sold 20,838 shares of the firm's stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the sale, the executive now directly 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.66% of the company's stock.

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.