Synopsys, Inc. (NASDAQ:SNPS) Shares Bought by Natixis

Natixis grew its holdings in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 148.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,587 shares of the semiconductor company's stock after purchasing an additional 6,323 shares during the quarter. Natixis' holdings in Synopsys were worth $5,139,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SNPS. Kieckhefer Group LLC acquired a new position in Synopsys during the fourth quarter worth about $27,000. Whipplewood Advisors LLC purchased a new position in Synopsys in the 4th quarter worth approximately $33,000. Pilgrim Partners Asia Pte Ltd purchased a new position in Synopsys in the 4th quarter worth approximately $34,000. Sierra Ocean LLC acquired a new position in shares of Synopsys during the 4th quarter worth approximately $39,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of Synopsys by 28.6% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock valued at $44,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 85.47% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Redburn Atlantic started coverage on Synopsys in a research report on Monday, January 13th. They set a "buy" rating and a $600.00 price objective on the stock. Rosenblatt Securities reissued a "buy" rating and set a $660.00 price target on shares of Synopsys in a research report on Tuesday, February 25th. Piper Sandler dropped their price objective on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Bank of America reduced their target price on shares of Synopsys from $630.00 to $560.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, KeyCorp dropped their price target on shares of Synopsys from $690.00 to $555.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Synopsys currently has an average rating of "Moderate Buy" and an average target price of $618.31.

Synopsys Stock Performance

Shares of SNPS traded up $16.67 during midday trading on Thursday, hitting $438.90. 1,092,462 shares of the stock were exchanged, compared to its average volume of 1,087,104. Synopsys, Inc. has a 52-week low of $365.74 and a 52-week high of $624.80. The stock has a fifty day simple moving average of $439.90 and a 200 day simple moving average of $493.36. The firm has a market cap 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.

Insider Buying and Selling

In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the business's stock in a transaction dated 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 directly owns 70,922 shares in the company, valued at $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Geus Aart De sold 15,705 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were 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. The trade was a 11.86 % decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by corporate insiders.

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.