Vinva Investment Management Ltd Cuts Stake in Synopsys, Inc. (NASDAQ:SNPS)

Vinva Investment Management Ltd decreased its stake in shares of Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 45.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,601 shares of the semiconductor company's stock after selling 1,349 shares during the quarter. Vinva Investment Management Ltd's holdings in Synopsys were worth $779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SNPS. Kieckhefer Group LLC acquired a new stake in shares of Synopsys in the 4th quarter worth $27,000. Whipplewood Advisors LLC purchased a new stake in shares of Synopsys in the fourth quarter valued at about $33,000. Sierra Ocean LLC acquired a new stake in Synopsys during the fourth quarter worth about $39,000. Newbridge Financial Services Group Inc. purchased a new position in Synopsys during the fourth quarter worth about $51,000. Finally, Versant Capital Management Inc boosted its holdings in Synopsys by 109.3% in the 4th quarter. Versant Capital Management Inc now owns 113 shares of the semiconductor company's stock valued at $55,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 85.47% of the company's stock.

Synopsys Price Performance

Shares of Synopsys stock traded down $0.54 during trading hours on Tuesday, hitting $457.23. The company had a trading volume of 758,955 shares, compared to its average volume of 1,020,532. Synopsys, Inc. has a twelve month low of $425.73 and a twelve month high of $624.80. The company has a market cap of $70.70 billion, a P/E ratio of 31.49, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16. The company's 50-day moving average is $490.60 and its two-hundred day moving average is $506.31.

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Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SNPS shares. Rosenblatt Securities reiterated a "buy" rating and issued a $660.00 price objective on shares of Synopsys in a report on Tuesday, February 25th. Needham & Company LLC reissued a "buy" rating and issued a $650.00 price target on shares of Synopsys in a research note on Thursday, February 27th. Redburn Atlantic started coverage on shares of Synopsys in a report on Monday, January 13th. They issued a "buy" rating and a $600.00 target price for the company. Morgan Stanley lowered their price target on Synopsys from $625.00 to $590.00 and set an "overweight" rating for the company in a research report on Monday, February 24th. Finally, Wells Fargo & Company cut their price objective on Synopsys from $540.00 to $520.00 and set an "equal weight" rating on the stock in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $638.58.

Insider Activity at Synopsys

In other 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 transaction of $6,979,616.10. Following the completion of the sale, the insider now directly owns 116,671 shares in the company, valued at approximately $51,850,925.82. This trade represents a 11.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 70,922 shares in the company, 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 a total of 47,909 shares of company stock worth $22,794,835 in the last 90 days. 0.62% of the stock is owned by insiders.

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.