Synopsys, Inc. (NASDAQ:SNPS) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP increased its position in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 117.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 390,000 shares of the semiconductor company's stock after purchasing an additional 210,888 shares during the period. Marshall Wace LLP owned 0.25% of Synopsys worth $189,290,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SNPS. Kieckhefer Group LLC purchased a new position in shares of Synopsys during the fourth quarter valued at approximately $27,000. Whipplewood Advisors LLC acquired a new position in Synopsys during the 4th quarter valued at about $33,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Synopsys during the 4th quarter worth about $34,000. Sierra Ocean LLC acquired a new stake in shares of Synopsys in the fourth quarter valued at $39,000. Finally, Hazlett Burt & Watson Inc. grew its holdings in shares of Synopsys by 28.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock worth $44,000 after acquiring an additional 20 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $463.75, for a total transaction of $5,270,982.50. Following the sale, the chief executive officer now owns 70,922 shares of the company's stock, valued at approximately $32,890,077.50. The trade was a 13.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 owns 116,671 shares in the company, valued at approximately $51,850,925.82. This trade represents a 11.86 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

SNPS has been the subject of several recent research reports. Mizuho decreased their target price on shares of Synopsys from $650.00 to $600.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Bank of America cut their target price on shares of Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Redburn Atlantic began coverage on shares of Synopsys in a research note on Monday, January 13th. They set a "buy" rating and a $600.00 price objective on the stock. Needham & Company LLC reiterated a "buy" rating and set a $650.00 target price on shares of Synopsys in a report on Thursday, February 27th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $660.00 price objective on shares of Synopsys in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, Synopsys currently has a consensus rating of "Moderate Buy" and a consensus target price of $618.31.

Synopsys Stock Down 3.2 %

Shares of NASDAQ SNPS traded down $13.08 during trading on Monday, reaching $400.24. 311,798 shares of the company traded hands, compared to its average volume of 1,289,104. The firm has a 50 day simple moving average of $446.35 and a 200-day simple moving average of $495.09. The stock has a market capitalization of $61.89 billion, a PE ratio of 27.56, a P/E/G ratio of 3.23 and a beta of 1.23. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $624.80.

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.