Synopsys, Inc. (NASDAQ:SNPS) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lowered its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,405 shares of the semiconductor company's stock after selling 1,300 shares during the quarter. United Capital Financial Advisors LLC's holdings in Synopsys were worth $2,138,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SNPS. Pine Valley Investments Ltd Liability Co raised its holdings in Synopsys by 44.8% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 727 shares of the semiconductor company's stock worth $368,000 after purchasing an additional 225 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Synopsys in the third quarter valued at $253,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Synopsys in the 3rd quarter valued at about $865,000. Blankinship & Foster LLC purchased a new position in Synopsys during the 3rd quarter worth approximately $2,772,000. Finally, Synovus Financial Corp increased its position in Synopsys by 199.2% during the third quarter. Synovus Financial Corp now owns 15,062 shares of the semiconductor company's stock worth $7,627,000 after buying an additional 10,028 shares during the period. 85.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SNPS has been the topic of a number of research reports. Mizuho lowered their target price on shares of Synopsys from $650.00 to $600.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Piper Sandler reduced their target price 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. Bank of America decreased their target price on shares of Synopsys from $630.00 to $560.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Morgan Stanley dropped their price target on Synopsys from $625.00 to $590.00 and set an "overweight" rating on the stock in a research report on Monday, February 24th. Finally, Wells Fargo & Company decreased their price objective on Synopsys from $540.00 to $520.00 and set an "equal weight" rating for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $618.31.

Insider Buying and Selling at Synopsys

In other news, insider Geus Aart De sold 15,705 shares of the stock in a transaction dated 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 transaction, the insider now owns 116,671 shares of the company's stock, valued at approximately $51,850,925.82. This trade represents a 11.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Sassine Ghazi sold 11,366 shares of the business's stock in a transaction dated 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 of the company's stock, valued at approximately $32,890,077.50. This represents a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Synopsys Stock Up 3.1 %

Shares of SNPS traded up $12.86 during mid-day trading on Wednesday, reaching $426.26. 344,822 shares of the stock traded hands, compared to its average volume of 1,087,452. The stock has a fifty day simple moving average of $441.91 and a 200 day simple moving average of $493.85. The firm has a market cap of $65.91 billion, a price-to-earnings ratio of 29.36, a P/E/G ratio of 3.23 and a beta of 1.23. Synopsys, Inc. has a 12-month low of $365.74 and a 12-month high of $624.80.

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.