Synopsys, Inc. (NASDAQ:SNPS) Stock Holdings Lifted by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of Synopsys, Inc. (NASDAQ:SNPS) by 78.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,305 shares of the semiconductor company’s stock after purchasing an additional 9,357 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Synopsys were worth $10,370,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SNPS. APG Asset Management US Inc. increased its stake in shares of Synopsys by 2.2% during the 2nd quarter. APG Asset Management US Inc. now owns 47,487 shares of the semiconductor company’s stock worth $28,575,000 after purchasing an additional 1,012 shares during the last quarter. APG Asset Management N.V. increased its position in Synopsys by 32.3% during the second quarter. APG Asset Management N.V. now owns 159,541 shares of the semiconductor company’s stock worth $88,581,000 after buying an additional 38,972 shares during the last quarter. Employees Retirement System of Texas lifted its position in shares of Synopsys by 73.8% in the second quarter. Employees Retirement System of Texas now owns 15,631 shares of the semiconductor company’s stock worth $9,301,000 after buying an additional 6,635 shares during the last quarter. DeepCurrents Investment Group LLC acquired a new stake in shares of Synopsys in the second quarter worth about $227,000. Finally, MBB Public Markets I LLC bought a new stake in shares of Synopsys during the 2nd quarter worth about $6,553,000. 85.47% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SNPS shares. Loop Capital started coverage on Synopsys in a report on Monday, November 11th. They issued a “buy” rating and a $675.00 target price for the company. Rosenblatt Securities restated a “buy” rating and issued a $635.00 price objective on shares of Synopsys in a research note on Wednesday, December 4th. Berenberg Bank initiated coverage on shares of Synopsys in a report on Tuesday, October 15th. They set a “buy” rating and a $660.00 price objective for the company. Redburn Atlantic assumed coverage on shares of Synopsys in a report on Monday, January 13th. They issued a “buy” rating and a $600.00 target price on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $640.00 price target on shares of Synopsys in a report on Thursday, December 5th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $641.82.

Synopsys Price Performance

Shares of SNPS opened at $551.54 on Friday. The business’s 50 day simple moving average is $518.10 and its 200-day simple moving average is $524.47. Synopsys, Inc. has a one year low of $457.52 and a one year high of $629.38. The company has a market capitalization of $85.26 billion, a P/E ratio of 37.98, a PEG ratio of 3.57 and a beta of 1.12.

Insiders Place Their Bets

In other news, CRO Richard S. Mahoney sold 20,838 shares of the firm’s stock in a transaction on 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 completion of the sale, the executive now directly owns 1,460 shares in the company, valued at approximately $738,774.60. This trade represents a 93.45 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.66% 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.