Winslow Capital Management LLC Increases Position in Synopsys, Inc. (NASDAQ:SNPS)

Winslow Capital Management LLC increased its position in Synopsys, Inc. (NASDAQ:SNPS - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 644,812 shares of the semiconductor company's stock after purchasing an additional 56,247 shares during the quarter. Winslow Capital Management LLC owned approximately 0.42% of Synopsys worth $312,966,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SNPS. Kieckhefer Group LLC bought a new stake in shares of Synopsys in the fourth quarter worth approximately $27,000. Whipplewood Advisors LLC bought a new stake in Synopsys in the 4th quarter worth approximately $33,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Synopsys during the 4th quarter valued at $34,000. Sierra Ocean LLC bought a new position in shares of Synopsys during the 4th quarter valued at $39,000. Finally, Hazlett Burt & Watson Inc. boosted its stake in shares of Synopsys by 28.6% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 90 shares of the semiconductor company's stock worth $44,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 85.47% of the company's stock.

Synopsys Price Performance

Synopsys stock traded down $1.93 during trading hours on Monday, reaching $419.28. The stock had a trading volume of 426,574 shares, compared to its average volume of 1,088,847. Synopsys, Inc. has a 52 week low of $365.74 and a 52 week high of $624.80. The company has a market cap of $64.83 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 3.23 and a beta of 1.23. The business's 50 day moving average price is $457.51 and its 200-day moving average price is $498.01.

Remove Ads

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Synopsys

In other Synopsys news, CRO Richard S. Mahoney sold 20,838 shares of the business's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $506.01, for a total transaction of $10,544,236.38. Following the sale, the executive now owns 1,460 shares in the company, valued at approximately $738,774.60. The trade was a 93.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Sassine Ghazi sold 11,366 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $463.75, for a total transaction 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 $32,890,077.50. This trade represents a 13.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,909 shares of company stock worth $22,794,835 over the last three months. Corporate insiders own 0.62% of the company's stock.

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.