Czech National Bank Increases Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Czech National Bank increased its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 6.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 33,307 shares of the semiconductor company's stock after buying an additional 2,096 shares during the quarter. Czech National Bank's holdings in Synopsys were worth $16,166,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Parnassus Investments LLC bought a new stake in Synopsys in the third quarter worth $633,469,000. Edgewood Management LLC lifted its holdings in Synopsys by 18.9% during the 3rd 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 in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Synopsys by 26.5% in the third quarter. Van ECK Associates Corp now owns 1,605,001 shares of the semiconductor company's stock valued at $791,923,000 after purchasing an additional 335,993 shares during the period. Impax Asset Management Group plc grew its position in shares of Synopsys by 120.2% during the 3rd quarter. Impax Asset Management Group plc now owns 490,723 shares of the semiconductor company's stock worth $248,497,000 after buying an additional 267,836 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings 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 valued at $531,056,000 after purchasing an additional 257,526 shares in the last quarter. Institutional investors own 85.47% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SNPS. Loop Capital started coverage on shares of Synopsys in a report on Monday, November 11th. They issued a "buy" rating and a $675.00 price target on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $635.00 target price on shares of Synopsys in a research report on Wednesday, December 4th. Berenberg Bank started coverage on Synopsys in a report on Tuesday, October 15th. They set a "buy" rating and a $660.00 target price on the stock. Robert W. Baird dropped their target price on Synopsys from $644.00 to $630.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. Finally, Wells Fargo & Company reduced their price target on Synopsys from $570.00 to $540.00 and set an "equal weight" rating on the stock in a report on Monday. One equities 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 has an average rating of "Moderate Buy" and an average price target of $641.82.

Synopsys Price Performance

Shares of SNPS stock traded up $3.56 during trading hours on Tuesday, reaching $490.99. 437,339 shares of the stock were exchanged, compared to its average volume of 938,571. Synopsys, Inc. has a 12-month low of $457.52 and a 12-month high of $629.38. The business's fifty day moving average is $522.84 and its two-hundred day moving average is $528.17. The firm has a market capitalization of $75.90 billion, a P/E ratio of 33.81, a P/E/G ratio of 3.41 and a beta of 1.12.

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.