Sustainable Growth Advisers LP Has $746.77 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Sustainable Growth Advisers LP lowered its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,538,583 shares of the semiconductor company's stock after selling 245,800 shares during the period. Synopsys makes up approximately 3.7% of Sustainable Growth Advisers LP's investment portfolio, making the stock its 9th biggest holding. Sustainable Growth Advisers LP owned approximately 1.00% of Synopsys worth $746,767,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SNPS. Kieckhefer Group LLC purchased a new position in shares of Synopsys during the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC purchased a new position in shares of Synopsys during the fourth quarter worth approximately $33,000. Sierra Ocean LLC purchased a new position in shares of Synopsys during the fourth quarter worth approximately $39,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Synopsys during the fourth quarter worth approximately $51,000. Finally, Versant Capital Management Inc increased its position in shares of Synopsys by 109.3% during the fourth quarter. Versant Capital Management Inc now owns 113 shares of the semiconductor company's stock worth $55,000 after acquiring an additional 59 shares during the period. Institutional investors own 85.47% of the company's stock.

Insider Activity at Synopsys

In related news, insider Geus Aart De sold 15,705 shares of the business's stock in a transaction 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 in the company, valued at $51,850,925.82. The trade was a 11.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Richard S. Mahoney sold 20,838 shares of Synopsys 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 directly owns 1,460 shares of the company's stock, valued at $738,774.60. The trade was a 93.45 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,909 shares of company stock worth $22,794,835 over the last three months. Company insiders own 0.62% of the company's stock.

Synopsys Trading Up 0.4 %

NASDAQ:SNPS opened at $432.46 on Thursday. The company has a market capitalization of $66.87 billion, a P/E ratio of 29.78, a PEG ratio of 3.23 and a beta of 1.16. The firm has a fifty day simple moving average of $497.92 and a 200-day simple moving average of $509.52. Synopsys, Inc. has a 12 month low of $427.30 and a 12 month high of $624.80.

Analyst Ratings Changes

A number of equities analysts have recently commented on SNPS shares. Needham & Company LLC reaffirmed a "buy" rating and set a $650.00 target price on shares of Synopsys in a research report on Thursday, February 27th. Redburn Atlantic started coverage on shares of Synopsys in a report on Monday, January 13th. They set a "buy" rating and a $600.00 price objective on the stock. Piper Sandler cut their price objective on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Morgan Stanley cut their price objective on shares of Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a report on Monday, February 24th. Finally, Wells Fargo & Company cut their price objective on shares of Synopsys from $540.00 to $520.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Synopsys presently has a consensus rating of "Moderate Buy" and an average price target of $638.58.

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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.

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