Synopsys, Inc. (NASDAQ:SNPS) Stake Raised by Ownership Capital B.V.

Ownership Capital B.V. boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 8.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 103,340 shares of the semiconductor company's stock after buying an additional 7,965 shares during the period. Synopsys makes up about 1.8% of Ownership Capital B.V.'s investment portfolio, making the stock its 21st largest position. Ownership Capital B.V. owned 0.07% of Synopsys worth $50,157,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Kieckhefer Group LLC purchased a new stake in shares of Synopsys during the fourth quarter valued at approximately $27,000. Hazlett Burt & Watson Inc. raised its stake in shares of Synopsys by 40.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 70 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 20 shares during the period. Sierra Ocean LLC purchased a new stake in shares of Synopsys during the fourth quarter valued at approximately $39,000. Princeton Global Asset Management LLC purchased a new stake in shares of Synopsys during the third quarter valued at approximately $44,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of Synopsys during the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 85.47% of the company's stock.

Insiders Place Their Bets

In other news, CRO Richard S. Mahoney sold 20,838 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the completion of the transaction, the executive now owns 1,460 shares of the company's stock, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.66% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SNPS. Wells Fargo & Company dropped their price objective on shares of Synopsys from $570.00 to $540.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Needham & Company LLC reissued a "buy" rating and set a $640.00 price target on shares of Synopsys in a research report on Thursday, December 5th. Loop Capital assumed coverage on shares of Synopsys in a research report on Monday, November 11th. They set a "buy" rating and a $675.00 price target for the company. Robert W. Baird decreased their price target on shares of Synopsys from $644.00 to $630.00 and set an "outperform" rating for the company in a research report on Thursday, December 5th. Finally, Redburn Atlantic assumed coverage on shares of Synopsys in a research report on Monday, January 13th. They set a "buy" rating and a $600.00 price target for the company. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $641.82.

Synopsys Trading Down 3.9 %

Synopsys stock traded down $19.13 during mid-day trading on Friday, reaching $474.84. The company's stock had a trading volume of 1,370,372 shares, compared to its average volume of 1,066,749. The firm has a market cap of $73.40 billion, a price-to-earnings ratio of 32.70, a PEG ratio of 3.28 and a beta of 1.12. The business has a 50 day moving average price of $510.88 and a 200-day moving average price of $517.44. Synopsys, Inc. has a twelve month low of $457.52 and a twelve month high of $629.38.

Synopsys 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.