Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG raised its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 6.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,680 shares of the semiconductor company's stock after purchasing an additional 5,773 shares during the period. B. Metzler seel. Sohn & Co. AG owned 0.06% of Synopsys worth $47,419,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Townsquare Capital LLC boosted its stake in shares of Synopsys by 9.8% in the third quarter. Townsquare Capital LLC now owns 5,700 shares of the semiconductor company's stock worth $2,886,000 after acquiring an additional 508 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new stake in Synopsys during the 3rd quarter worth $11,441,000. Captrust Financial Advisors grew its holdings in shares of Synopsys by 8.1% during the third quarter. Captrust Financial Advisors now owns 4,994 shares of the semiconductor company's stock worth $2,529,000 after buying an additional 374 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Synopsys in the third quarter valued at about $4,417,000. Finally, Erste Asset Management GmbH acquired a new stake in shares of Synopsys in the third quarter valued at about $31,766,000. Institutional investors and hedge funds own 85.47% of the company's stock.

Synopsys Trading Down 5.9 %

NASDAQ SNPS traded down $24.56 during trading hours on Friday, reaching $393.20. The company had a trading volume of 1,247,963 shares, compared to its average volume of 1,058,936. The stock has a market capitalization of $60.80 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16. The stock has a 50-day moving average of $476.99 and a 200 day moving average of $503.85. Synopsys, Inc. has a 1-year low of $391.71 and a 1-year high of $624.80.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SNPS. Robert W. Baird dropped their price objective on shares of Synopsys from $644.00 to $630.00 and set an "outperform" rating for the company in a research note on Thursday, December 5th. Needham & Company LLC restated a "buy" rating and issued a $650.00 price target on shares of Synopsys in a research report on Thursday, February 27th. Wells Fargo & Company cut their price target on Synopsys from $540.00 to $520.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. Rosenblatt Securities reissued a "buy" rating and set a $660.00 price objective on shares of Synopsys in a research note on Tuesday, February 25th. Finally, Piper Sandler dropped 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. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Synopsys presently has an average rating of "Moderate Buy" and an average price target of $638.58.

Insider Buying and Selling

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

About Synopsys

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.