Headlands Technologies LLC Has $1.54 Million Stake in Synopsys, Inc. (NASDAQ:SNPS)

Headlands Technologies LLC cut its position in Synopsys, Inc. (NASDAQ:SNPS) by 72.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,167 shares of the semiconductor company’s stock after selling 8,328 shares during the quarter. Headlands Technologies LLC’s holdings in Synopsys were worth $1,537,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SNPS. Rockefeller Capital Management L.P. bought a new stake in Synopsys during the 3rd quarter worth approximately $11,441,000. Captrust Financial Advisors increased its holdings in Synopsys by 8.1% in the third quarter. Captrust Financial Advisors now owns 4,994 shares of the semiconductor company’s stock valued at $2,529,000 after purchasing an additional 374 shares during the period. Benjamin Edwards Inc. raised its position in Synopsys by 458.9% during the 3rd quarter. Benjamin Edwards Inc. now owns 598 shares of the semiconductor company’s stock worth $303,000 after purchasing an additional 491 shares during the last quarter. Hilltop Holdings Inc. acquired a new position in Synopsys during the 3rd quarter worth about $567,000. Finally, Janus Henderson Group PLC grew its position in shares of Synopsys by 7.7% in the 3rd quarter. Janus Henderson Group PLC now owns 1,139,887 shares of the semiconductor company’s stock valued at $577,289,000 after buying an additional 81,198 shares during the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Sassine Ghazi sold 11,366 shares of the firm’s stock in a transaction dated 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 owns 70,922 shares in the company, valued at approximately $32,890,077.50. This trade represents a 13.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Geus Aart De sold 15,705 shares of the business’s 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 completion of the transaction, the insider now owns 116,671 shares in the company, valued at approximately $51,850,925.82. The trade was a 11.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 47,909 shares of company stock worth $22,794,835. 0.62% of the stock is owned by insiders.

Synopsys Stock Up 1.7 %

SNPS stock opened at $435.94 on Wednesday. The firm has a market capitalization of $67.41 billion, a PE ratio of 30.02, a P/E/G ratio of 3.23 and a beta of 1.16. Synopsys, Inc. has a twelve month low of $423.08 and a twelve month high of $624.80. The stock’s 50 day moving average is $481.79 and its 200-day moving average is $504.91.

Analyst Ratings Changes

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

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.