Mitsubishi UFJ Trust & Banking Corp Acquires 5,773 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 6.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 101,963 shares of the semiconductor company's stock after acquiring an additional 5,773 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Synopsys worth $49,489,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SNPS. Caprock Group LLC lifted its holdings in shares of Synopsys by 0.5% during the fourth quarter. Caprock Group LLC now owns 3,714 shares of the semiconductor company's stock valued at $1,803,000 after purchasing an additional 20 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its stake in Synopsys by 1.1% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,850 shares of the semiconductor company's stock valued at $898,000 after acquiring an additional 20 shares during the period. Edge Capital Group LLC grew its stake in shares of Synopsys by 1.2% in the fourth quarter. Edge Capital Group LLC now owns 1,629 shares of the semiconductor company's stock worth $791,000 after acquiring an additional 20 shares during the period. Barden Capital Management Inc. raised its holdings in shares of Synopsys by 1.1% during the fourth quarter. Barden Capital Management Inc. now owns 1,832 shares of the semiconductor company's stock valued at $889,000 after purchasing an additional 20 shares during the last quarter. Finally, Resurgent Financial Advisors LLC lifted its position in Synopsys by 2.8% during the third quarter. Resurgent Financial Advisors LLC now owns 809 shares of the semiconductor company's stock valued at $410,000 after purchasing an additional 22 shares during the period. 85.47% of the stock is currently owned by hedge funds and other institutional investors.

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Synopsys Trading Down 1.9 %

Synopsys stock traded down $8.28 during mid-day trading on Friday, hitting $437.95. The stock had a trading volume of 941,520 shares, compared to its average volume of 1,048,262. The firm's 50 day moving average is $485.62 and its 200 day moving average is $505.55. The firm has a market capitalization of $67.72 billion, a P/E ratio of 30.16, a P/E/G ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a one year low of $425.73 and a one year high of $624.80.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SNPS shares. Morgan Stanley cut their target price on shares of Synopsys from $625.00 to $590.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Rosenblatt Securities reiterated a "buy" rating and set a $660.00 price objective on shares of Synopsys in a research report on Tuesday, February 25th. Redburn Atlantic started coverage on Synopsys in a research report on Monday, January 13th. They issued a "buy" rating and a $600.00 target price on the stock. Wells Fargo & Company reduced their price target 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. Finally, Needham & Company LLC reissued a "buy" rating and issued a $650.00 price objective on shares of Synopsys in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $638.58.

Insider Buying and Selling

In related news, CRO Richard S. Mahoney sold 20,838 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total value of $10,544,236.38. Following the sale, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Geus Aart De sold 15,705 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $444.42, for a total value of $6,979,616.10. Following the transaction, 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,909 shares of company stock worth $22,794,835. 0.62% of the stock is owned by corporate insiders.

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.