Baader Bank Aktiengesellschaft Has $2.64 Million Holdings in Synopsys, Inc. (NASDAQ:SNPS)

Baader Bank Aktiengesellschaft cut its holdings in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 46.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,447 shares of the semiconductor company's stock after selling 4,719 shares during the period. Baader Bank Aktiengesellschaft's holdings in Synopsys were worth $2,644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invesco LLC increased its position in shares of Synopsys by 3.9% during the fourth quarter. Invesco LLC now owns 2,426 shares of the semiconductor company's stock worth $1,177,000 after purchasing an additional 91 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Synopsys by 13.7% in the 4th quarter. Hantz Financial Services Inc. now owns 5,320 shares of the semiconductor company's stock valued at $2,582,000 after purchasing an additional 643 shares in the last quarter. Smith Group Asset Management LLC purchased a new stake in Synopsys in the 4th quarter valued at approximately $1,456,000. Fulton Breakefield Broenniman LLC boosted its holdings in Synopsys by 14.9% in the 4th quarter. Fulton Breakefield Broenniman LLC now owns 971 shares of the semiconductor company's stock valued at $471,000 after purchasing an additional 126 shares in the last quarter. Finally, Bensler LLC boosted its stake in shares of Synopsys by 17.1% during the 4th quarter. Bensler LLC now owns 11,388 shares of the semiconductor company's stock worth $5,527,000 after acquiring an additional 1,665 shares in the last quarter. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Synopsys Trading Up 2.8 %

SNPS traded up $14.10 during trading on Thursday, hitting $526.81. The stock had a trading volume of 380,759 shares, compared to its average volume of 1,098,750. The firm has a market cap of $81.43 billion, a PE ratio of 36.26, a P/E/G ratio of 3.57 and a beta of 1.12. Synopsys, Inc. has a 12 month low of $457.52 and a 12 month high of $629.38. The company has a 50 day simple moving average of $517.68 and a 200-day simple moving average of $521.54.

Insider Buying and Selling

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the firm's 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 sale, the executive now directly owns 1,460 shares in the company, valued at $738,774.60. This trade represents a 93.45 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SNPS. Redburn Atlantic began coverage on Synopsys in a research note on Monday, January 13th. They issued a "buy" rating and a $600.00 target price on the stock. 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 research report on Thursday, December 5th. Berenberg Bank initiated coverage on shares of Synopsys in a research report on Tuesday, October 15th. They set a "buy" rating and a $660.00 price target for the company. Loop Capital started coverage on shares of Synopsys in a research report on Monday, November 11th. They set a "buy" rating and a $675.00 price target on the stock. Finally, Wells Fargo & Company dropped their price target on shares of Synopsys from $570.00 to $540.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Synopsys currently has a consensus rating of "Moderate Buy" and an average target price of $641.82.

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.