Napean Trading & Investment Co Singapore PTE Ltd Buys 2,176 Shares of Synopsys, Inc. (NASDAQ:SNPS)

Napean Trading & Investment Co Singapore PTE Ltd raised its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,687 shares of the semiconductor company's stock after purchasing an additional 2,176 shares during the period. Synopsys comprises approximately 3.7% of Napean Trading & Investment Co Singapore PTE Ltd's holdings, making the stock its 9th largest holding. Napean Trading & Investment Co Singapore PTE Ltd's holdings in Synopsys were worth $14,894,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Caprock Group LLC grew its stake in Synopsys by 0.5% in the fourth quarter. Caprock Group LLC now owns 3,714 shares of the semiconductor company's stock worth $1,803,000 after purchasing an additional 20 shares in the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in Synopsys by 1.1% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 1,850 shares of the semiconductor company's stock worth $898,000 after buying an additional 20 shares during the last quarter. Edge Capital Group LLC grew its position in shares of Synopsys by 1.2% in the 4th quarter. Edge Capital Group LLC now owns 1,629 shares of the semiconductor company's stock worth $791,000 after acquiring an additional 20 shares in the last quarter. Barden Capital Management Inc. increased its holdings in shares of Synopsys by 1.1% in the 4th quarter. Barden Capital Management Inc. now owns 1,832 shares of the semiconductor company's stock valued at $889,000 after acquiring an additional 20 shares during the last quarter. Finally, Resurgent Financial Advisors LLC raised its position in shares of Synopsys by 2.8% during the 3rd quarter. Resurgent Financial Advisors LLC now owns 809 shares of the semiconductor company's stock valued at $410,000 after acquiring an additional 22 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company decreased 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. 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 report on Thursday, December 5th. Piper Sandler lowered their price objective on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Morgan Stanley cut their target price 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, Needham & Company LLC restated a "buy" rating and issued a $650.00 target price on shares of Synopsys in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $638.58.

Insider Transactions at Synopsys

In other news, CRO Richard S. Mahoney sold 20,838 shares of the 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 transaction, the executive now owns 1,460 shares in the company, valued at $738,774.60. This represents a 93.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of Synopsys stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 70,922 shares of the company's stock, valued at approximately $32,890,077.50. The trade was a 13.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,909 shares of company stock valued at $22,794,835 in the last three months. Corporate insiders own 0.62% of the company's stock.

Synopsys Price Performance

SNPS traded down $8.28 on Friday, reaching $437.95. 941,520 shares of the company traded hands, compared to its average volume of 1,048,262. The company has a market cap of $67.72 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 3.23 and a beta of 1.16. The stock's 50 day moving average price is $485.62 and its 200-day moving average price is $505.27. Synopsys, Inc. has a 52-week low of $425.73 and a 52-week high of $624.80.

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.