Edmond DE Rothschild Holding S.A. Boosts Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Edmond DE Rothschild Holding S.A. boosted its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,863 shares of the semiconductor company's stock after buying an additional 3,321 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Synopsys were worth $12,553,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Townsquare Capital LLC increased its holdings in Synopsys by 9.8% in the 3rd quarter. Townsquare Capital LLC now owns 5,700 shares of the semiconductor company's stock worth $2,886,000 after buying an additional 508 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Synopsys in the 3rd quarter worth $11,441,000. Captrust Financial Advisors raised its stake in shares of Synopsys by 8.1% in 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 during the period. Edgestream Partners L.P. bought a new position in shares of Synopsys in the third quarter worth approximately $4,417,000. Finally, Erste Asset Management GmbH bought a new stake in Synopsys during the third quarter valued at about $31,766,000. Institutional investors own 85.47% of the company's stock.

Insider Buying and Selling at Synopsys

In other news, insider Geus Aart De sold 15,705 shares of the stock in a transaction that occurred 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 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 70,922 shares in the company, valued at approximately $32,890,077.50. This trade represents a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,909 shares of company stock worth $22,794,835. 0.62% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

SNPS has been the subject of a number of research reports. Wells Fargo & Company dropped their target price on shares of Synopsys from $540.00 to $520.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. Piper Sandler reduced their target price on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating on the stock in a research note on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and set a $650.00 target price on shares of Synopsys in a research report on Thursday, February 27th. Redburn Atlantic began coverage on shares of Synopsys in a report on Monday, January 13th. They set a "buy" rating and a $600.00 target price on the stock. Finally, Robert W. Baird cut their price target on Synopsys from $644.00 to $630.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $638.58.

Synopsys Price Performance

Shares of SNPS traded down $20.41 during midday trading on Thursday, reaching $418.14. 1,349,937 shares of the stock were exchanged, compared to its average volume of 1,055,057. The company has a market capitalization of $64.65 billion, a price-to-earnings ratio of 28.79, a PEG ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a twelve month low of $403.97 and a twelve month high of $624.80. The business's 50-day moving average price is $479.67 and its 200 day moving average price is $504.45.

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.