Schroder Investment Management Group reduced its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,719 shares of the semiconductor company's stock after selling 9,178 shares during the period. Schroder Investment Management Group's holdings in Synopsys were worth $35,780,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of SNPS. Kieckhefer Group LLC bought a new stake in Synopsys in the 4th quarter valued at $27,000. Whipplewood Advisors LLC bought 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. acquired a new position in Synopsys in the 4th quarter valued at approximately $51,000. Finally, Versant Capital Management Inc lifted its position in shares of Synopsys by 109.3% in the 4th 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. 85.47% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the company. Morgan Stanley lowered their price objective on Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Needham & Company LLC reissued a "buy" rating and issued a $650.00 price target on shares of Synopsys in a report on Thursday, February 27th. Piper Sandler reduced their price objective on shares of Synopsys from $655.00 to $653.00 and set an "overweight" rating for the company in a report on Thursday, February 27th. Rosenblatt Securities reissued a "buy" rating and issued a $660.00 target price on shares of Synopsys in a research note on Tuesday, February 25th. Finally, Redburn Atlantic began coverage on shares of Synopsys in a research report on Monday, January 13th. They issued a "buy" rating and a $600.00 price target for the company. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $638.58.
Get Our Latest Report on SNPS
Insider Transactions at Synopsys
In other Synopsys news, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $463.75, for a total transaction 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 represents a 13.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $10,544,236.38. Following the completion of the sale, the executive now directly owns 1,460 shares of the company's stock, valued at $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,909 shares of company stock worth $22,794,835. Insiders own 0.62% of the company's stock.
Synopsys Price Performance
Shares of SNPS traded down $20.79 on Thursday, hitting $417.76. The company's stock had a trading volume of 2,132,691 shares, compared to its average volume of 1,058,008. The company has a 50 day moving average price of $479.67 and a 200 day moving average price of $504.45. Synopsys, Inc. has a fifty-two week low of $403.97 and a fifty-two week high of $624.80. The company has a market capitalization of $64.59 billion, a PE ratio of 28.77, a PEG ratio of 3.23 and a beta of 1.16.
About Synopsys
(
Free Report)
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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