Fiera Capital Corp raised its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 33.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 196,391 shares of the semiconductor company's stock after buying an additional 49,653 shares during the quarter. Fiera Capital Corp owned 0.13% of Synopsys worth $95,320,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the business. PFG Advisors increased its holdings in shares of Synopsys by 4.7% during the third quarter. PFG Advisors now owns 4,986 shares of the semiconductor company's stock valued at $2,525,000 after acquiring an additional 224 shares in the last quarter. Tsfg LLC increased its holdings in shares of Synopsys by 75.0% during the third quarter. Tsfg LLC now owns 56 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 24 shares in the last quarter. Sumitomo Life Insurance Co. increased its holdings in shares of Synopsys by 1.6% during the third quarter. Sumitomo Life Insurance Co. now owns 8,858 shares of the semiconductor company's stock valued at $4,486,000 after acquiring an additional 137 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in shares of Synopsys by 4.7% during the third quarter. Vontobel Holding Ltd. now owns 965,256 shares of the semiconductor company's stock valued at $488,796,000 after acquiring an additional 43,228 shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Synopsys by 2.3% during the third quarter. Wolff Wiese Magana LLC now owns 1,107 shares of the semiconductor company's stock valued at $561,000 after acquiring an additional 25 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on SNPS shares. Redburn Atlantic started coverage on Synopsys in a report on Monday, January 13th. They set a "buy" rating and a $600.00 price target for the company. Mizuho started coverage on Synopsys in a report on Tuesday, October 22nd. They set an "outperform" rating and a $650.00 price target for the company. Wells Fargo & Company decreased their price target on Synopsys from $570.00 to $540.00 and set an "equal weight" rating for the company in a report on Monday, January 13th. Rosenblatt Securities reiterated a "buy" rating and set a $635.00 price target on shares of Synopsys in a report on Wednesday, December 4th. Finally, Robert W. Baird decreased their price target on Synopsys from $644.00 to $630.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $641.82.
Get Our Latest Research Report on Synopsys
Synopsys Stock Down 1.1 %
SNPS stock traded down $5.76 during midday trading on Friday, hitting $522.53. The company's stock had a trading volume of 943,680 shares, compared to its average volume of 1,012,953. Synopsys, Inc. has a 1 year low of $457.52 and a 1 year high of $629.38. The stock's 50-day moving average price is $510.78 and its 200 day moving average price is $518.00. The stock has a market cap of $80.77 billion, a price-to-earnings ratio of 35.99, a PEG ratio of 3.49 and a beta of 1.12.
Insider Activity
In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the company's stock in a transaction dated 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 transaction, the executive now directly 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.66% of the company's stock.
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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