Synopsys, Inc. (NASDAQ:SNPS) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its holdings in Synopsys, Inc. (NASDAQ:SNPS) by 149.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 68,953 shares of the semiconductor company’s stock after buying an additional 41,316 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Synopsys were worth $33,467,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Caprock Group LLC boosted its position in Synopsys by 0.5% during the fourth quarter. Caprock Group LLC now owns 3,714 shares of the semiconductor company’s stock worth $1,803,000 after purchasing an additional 20 shares during the period. Compagnie Lombard Odier SCmA lifted its stake in shares of Synopsys by 1.1% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,850 shares of the semiconductor company’s stock worth $898,000 after buying an additional 20 shares during the last quarter. Edge Capital Group LLC boosted its holdings in shares of Synopsys by 1.2% during the 4th quarter. Edge Capital Group LLC now owns 1,629 shares of the semiconductor company’s stock worth $791,000 after buying an additional 20 shares during the period. Barden Capital Management Inc. grew its stake in Synopsys by 1.1% in the 4th quarter. Barden Capital Management Inc. now owns 1,832 shares of the semiconductor company’s stock valued at $889,000 after buying an additional 20 shares during the last quarter. Finally, Resurgent Financial Advisors LLC grew its stake in Synopsys by 2.8% in the 3rd quarter. Resurgent Financial Advisors LLC now owns 809 shares of the semiconductor company’s stock valued at $410,000 after buying an additional 22 shares during the last quarter. Institutional investors own 85.47% of the company’s stock.

Synopsys Trading Down 1.6 %

Shares of NASDAQ SNPS opened at $449.90 on Thursday. Synopsys, Inc. has a one year low of $425.73 and a one year high of $624.80. The business has a fifty day simple moving average of $488.79 and a 200 day simple moving average of $505.87. The firm has a market capitalization of $69.56 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 3.23 and a beta of 1.16.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SNPS. Redburn Atlantic started coverage on shares of Synopsys in a report on Monday, January 13th. They set a “buy” rating and a $600.00 price target for the company. Piper Sandler decreased their target price on Synopsys from $655.00 to $653.00 and set an “overweight” rating for the company in a research note on Thursday, February 27th. Robert W. Baird dropped their price target on Synopsys from $644.00 to $630.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Morgan Stanley reduced their price objective on Synopsys from $625.00 to $590.00 and set an “overweight” rating for the company in a research report on Monday, February 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $650.00 price objective on shares of Synopsys in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Synopsys currently has a consensus rating of “Moderate Buy” and a consensus target price of $638.58.

Insider Activity

In related news, CEO Sassine Ghazi sold 11,366 shares of the company’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 sale, the chief executive officer now owns 70,922 shares of the company’s stock, valued at $32,890,077.50. The trade was a 13.81 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Richard S. Mahoney sold 20,838 shares of the firm’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 transaction, the executive now owns 1,460 shares of the company’s stock, valued at approximately $738,774.60. This represents a 93.45 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,909 shares of company stock worth $22,794,835. 0.62% of the stock is currently owned by corporate insiders.

About Synopsys

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.