Capital International Inc. CA Buys 3,970 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Capital International Inc. CA lifted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 10.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,640 shares of the semiconductor company's stock after purchasing an additional 3,970 shares during the quarter. Capital International Inc. CA's holdings in Synopsys were worth $20,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nordea Investment Management AB raised its position in shares of Synopsys by 15.9% during the fourth quarter. Nordea Investment Management AB now owns 1,043,995 shares of the semiconductor company's stock worth $509,261,000 after acquiring an additional 143,284 shares during the last quarter. James Hambro & Partners LLP raised its position in shares of Synopsys by 30.9% in the 4th quarter. James Hambro & Partners LLP now owns 201,460 shares of the semiconductor company's stock worth $97,725,000 after acquiring an additional 47,527 shares in the last quarter. Synovus Financial Corp lifted its stake in Synopsys by 199.2% in the third quarter. Synovus Financial Corp now owns 15,062 shares of the semiconductor company's stock valued at $7,627,000 after buying an additional 10,028 shares during the period. Janney Capital Management LLC bought a new position in shares of Synopsys during the 4th quarter worth approximately $6,082,000. Finally, Artemis Investment Management LLP grew its position in shares of Synopsys by 4.5% during the 4th quarter. Artemis Investment Management LLP now owns 24,878 shares of the semiconductor company's stock worth $12,075,000 after buying an additional 1,081 shares during the period. Institutional investors own 85.47% of the company's stock.

Analyst Upgrades and Downgrades

SNPS has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on Synopsys from $540.00 to $520.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 27th. Rosenblatt Securities reaffirmed a "buy" rating and set a $660.00 target price on shares of Synopsys in a research report on Tuesday, February 25th. Bank of America cut their target price on Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Piper Sandler decreased their price target on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $650.00 price objective on shares of Synopsys in a research note on Thursday, February 27th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $618.31.

Synopsys Trading Up 3.9 %

Shares of SNPS stock traded up $16.67 during trading hours on Thursday, reaching $438.90. The company's stock had a trading volume of 1,092,151 shares, compared to its average volume of 1,088,471. The stock has a market capitalization of $67.86 billion, a P/E ratio of 30.23, a P/E/G ratio of 3.23 and a beta of 1.23. The firm's fifty day simple moving average is $439.90 and its 200 day simple moving average is $493.36. Synopsys, Inc. has a one year low of $365.74 and a one year high of $624.80.

Insider Buying and Selling at Synopsys

In other Synopsys news, insider Geus Aart De sold 15,705 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $444.42, for a total value of $6,979,616.10. Following the sale, the insider now directly owns 116,671 shares of the company's stock, valued at approximately $51,850,925.82. The trade was a 11.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the completion of the transaction, the chief executive officer now owns 70,922 shares in the company, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their position. The disclosure for this sale can be found here. 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.