Sei Investments Co. Has $147.76 Million Stock Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Sei Investments Co. raised its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 9.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 304,426 shares of the semiconductor company's stock after buying an additional 27,281 shares during the quarter. Sei Investments Co. owned 0.20% of Synopsys worth $147,759,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Edgewood Management LLC raised its position in Synopsys by 18.9% in the third quarter. Edgewood Management LLC now owns 3,069,848 shares of the semiconductor company's stock worth $1,554,540,000 after purchasing an additional 487,025 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Synopsys in the 4th quarter valued at approximately $199,065,000. Proficio Capital Partners LLC raised its holdings in shares of Synopsys by 71,578.5% in the 4th quarter. Proficio Capital Partners LLC now owns 386,347 shares of the semiconductor company's stock worth $187,517,000 after buying an additional 385,808 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Synopsys by 32.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,048,709 shares of the semiconductor company's stock worth $531,056,000 after buying an additional 257,526 shares during the period. Finally, Alecta Tjanstepension Omsesidigt acquired a new stake in Synopsys in the 4th quarter valued at $104,741,000. 85.47% of the stock is owned by institutional investors.

Synopsys Price Performance

Shares of NASDAQ SNPS traded down $7.33 during midday trading on Wednesday, hitting $449.90. The stock had a trading volume of 749,020 shares, compared to its average volume of 1,016,833. Synopsys, Inc. has a fifty-two week low of $425.73 and a fifty-two week high of $624.80. The firm has a market cap of $69.56 billion, a P/E ratio of 30.98, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16. The company's 50-day simple moving average is $489.94 and its 200 day simple moving average is $506.26.

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Insider Buying and Selling

In other news, CEO Sassine Ghazi sold 11,366 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $463.75, for a total value of $5,270,982.50. Following the transaction, the chief executive officer now owns 70,922 shares of the company's stock, valued at approximately $32,890,077.50. This trade represents a 13.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Richard S. Mahoney sold 20,838 shares of the stock in a transaction that occurred 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 in the company, valued at $738,774.60. This represents a 93.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,909 shares of company stock worth $22,794,835 over the last three months. 0.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SNPS has been the subject of several recent analyst reports. Robert W. Baird dropped their price objective on Synopsys from $644.00 to $630.00 and set an "outperform" rating for the company in a research note on Thursday, December 5th. Morgan Stanley cut their price target on shares of Synopsys from $625.00 to $590.00 and set an "overweight" rating for the company in a report on Monday, February 24th. Redburn Atlantic assumed coverage on shares of Synopsys in a research report on Monday, January 13th. They issued a "buy" rating and a $600.00 price target on the stock. Wells Fargo & Company dropped their price objective on shares of Synopsys from $540.00 to $520.00 and set an "equal weight" rating for the company in a report on Thursday, February 27th. Finally, Piper Sandler reduced their target price on Synopsys from $655.00 to $653.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $638.58.

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.