Investment House LLC Buys 3,555 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Investment House LLC increased its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 247.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,989 shares of the semiconductor company's stock after purchasing an additional 3,555 shares during the quarter. Investment House LLC's holdings in Synopsys were worth $2,421,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of SNPS. Parnassus Investments LLC bought a new position in shares of Synopsys in the third quarter valued at about $633,469,000. Edgewood Management LLC boosted its holdings in shares of Synopsys by 18.9% during the 3rd quarter. Edgewood Management LLC now owns 3,069,848 shares of the semiconductor company's stock worth $1,554,540,000 after buying an additional 487,025 shares during the period. Raymond James Financial Inc. acquired a new position in Synopsys in the 4th quarter valued at about $199,065,000. Proficio Capital Partners LLC raised its holdings in Synopsys by 71,578.5% in the 4th quarter. Proficio Capital Partners LLC now owns 386,347 shares of the semiconductor company's stock valued at $187,517,000 after acquiring an additional 385,808 shares during the period. Finally, Wellington Management Group LLP lifted its position in Synopsys by 32.5% during the third quarter. Wellington Management Group LLP now owns 1,048,709 shares of the semiconductor company's stock worth $531,056,000 after acquiring an additional 257,526 shares during the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Price Performance

SNPS traded down $1.39 on Friday, hitting $448.60. 3,362,089 shares of the stock were exchanged, compared to its average volume of 1,020,823. The firm has a market capitalization of $69.36 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a 12 month low of $425.73 and a 12 month high of $624.80. The business has a 50-day moving average of $491.19 and a two-hundred day moving average of $506.23.

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Analyst Ratings Changes

Several research firms have recently commented on SNPS. Rosenblatt Securities reaffirmed a "buy" rating and issued a $660.00 target price on shares of Synopsys in a research report on Tuesday, February 25th. Redburn Atlantic started coverage on Synopsys in a report on Monday, January 13th. They issued a "buy" rating and a $600.00 price objective on the stock. Needham & Company LLC reissued a "buy" rating and set a $650.00 target price on shares of Synopsys in a report on Thursday, February 27th. Morgan Stanley reduced 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. Finally, Robert W. Baird lowered their price target on shares of Synopsys from $644.00 to $630.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $638.58.

Insider Activity

In related news, insider Geus Aart De sold 15,705 shares of Synopsys 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 $51,850,925.82. This trade represents a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Richard S. Mahoney sold 20,838 shares of the company's stock in a transaction on 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 owns 1,460 shares of the company's stock, valued at $738,774.60. The trade was a 93.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,909 shares of company stock worth $22,794,835. 0.62% of the stock is currently 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.